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arifa arifa
Apr 23, 2022
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Dynamic pricing, based on the demand and supply of a product, is another possibility for the practical application of machine Australia Mobile Number Database learning. For example, when a lot of people leave a football game, Uber fares go up. At the same time, more drivers tend to come to the place because the prices are better. But once the Australia Mobile Number Database event is over, fares return to normal, often cheaper than a taxi. The same goes for Airbnb, which offers the Smart Pricing feature for hosts who want to adopt it. In this way, prices Australia Mobile Number Database vary according to the demand for accommodation with characteristics similar to those of the host. As well as data such as location, season, accommodation classification, proximity to check-in, among other factors. Granted, dynamic pricing is Australia Mobile Number Database nothing new; hotels and airlines have been using this Australia Mobile Number Database strategy for years: as demand increases, the price increases. However, before AI, this dynamic relied Australia Mobile Number Database on user-defined rules. Machine learning, on the other hand, allows algorithms to recognize patterns that humans do not notice, forecast future situations, and update prices in real time. In other Australia Mobile Number Database words, pricing becomes dynamic, accurate, and fast. Dynamic rates with AI consider the demand for a product at the moment and the behavior of users, as well as external data such as news, weather, local events, weather, traffic, etc. So if a show is advertised in a certain city, algorithms Australia Mobile Number Database can capture this information and adjust prices instantly, which would be very difficult for a human. 6. Audience segmentation is one of the most traditional Marketing activities, since companies guide Australia Mobile Number Database their strategies around consumer behavior, to reach people with a profile for their solution and with the right offers. Artificial Intelligence can take advantage of this segmentation! Netflix uses machine learning to understand the behavior of its subscribers and Australia Mobile Number Database segment them according to their actions.
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