AI for Value Based Pricing
|Coordinator||Price Edge Solutions AB|
|Funding from Vinnova||SEK 982 840|
|Project duration||April 2019 - December 2020|
|Venture||Innovationsprojekt i företag 2018|
|Call||Innovationsprojekt i företag - hösten 2018|
Purpose and goal
The goal is to develop a prototype (MVP) of an AI-software for value-based pricing, targeted towards manufacturing companies. By leveraging AI this new product will make value-based pricing available for small- to medium sized companies, as the product will be able to replace the heavy and manual analytical work that otherwise is required when implementing value-based pricing. In addition, the product will also make it much more efficient and cheaper to maintain such price logic over time.
Expected results and effects
A successful development project means we are successful in developing a prototype of a scalable AI-driven product, that’s solves the fundamental issues of high costs, and enables a quick, scalable and correct pricing using a value-based price logic.
Planned approach and implementation
The project is divided into 4 different work packages, where each “package” has a clear scope and outcome. The four work packages are: WP1: Design, WP2: Develop Mock-Up, WP3: Validate Mock-Up, WP4: Develop MVP.