Tacton AI journey
Purpose and goal
Tacton is a global vendor of sales and product configuration software and services. The company has over 21 years accumulated a lot of data. The data is currently not used for predictive analytics. The idea and goal of the project is to use AI/ML to implement, evaluate and rank predictive models for dynamic pricing, and decision aid for manufacturers to potential opportunities and value.
Expected results and effects
There is huge potential in Tactons data assets. The immediate potential is in streamlining and providing additional value to the whole process from configuring a product through to pricing and finally sending a quotation for the customers and the manufacturers customers. The impact of the project is to improve the pricing of configurations, and initiate developments towards establishing a new AI decision support product. And in the longer run strengthen the competitiveness of Tacton.
Planned approach and implementation
The project is divided into three major work packages. WP1 AI Infrastructure aims to setup the base for an AI development and evaluation environment with integrations and lab for data exploration and model creation. WP2 Applications aims to create the basic use cases, evaluate and develop proof-of-concepts for the selected use-case. WP3 Transfer of ownership and reporting aims to prepare for and complete the transition to the organization, to transfer the current solution, documentation and material as well as presenting the final results and hold a concluding workshop.