Intelligent Data Preparation for Pricing Optimization
In a competitive and chaotic global marketplace, strategic pricing matters more than ever. But up to 80% of pricing projects are consumed by the tedium of standardizing, cleaning, and preparing data—from transactions, inventory, demand, among other sources.
This white paper introduces a Common Data Model, a simple, flexible, and highly effective approach to pricing that streamlines data preparation, analytics, and predictive modeling. It explains:
- How the Common Data Model makes data preparation easier and faster
- What self-service data preparation is and how it leads to greater data accuracy and more meaningful insights for your pricing project
- How analytics and predictive models can be used to unlock opportunities for pricing optimization and automation