))
How AI Driven Dynamic Pricing in Food Retail Could Impact Your Grocery Bill
Manage episode 435019974 series 3562174
Content provided by Andrew Davis and Chris Branch. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Andrew Davis and Chris Branch or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
Dynamic pricing, driven by AI, is becoming more prevalent in various industries, including supermarkets, transportation, and insurance. While it offers convenience and the potential for bargains, it can also lead to higher prices and unpredictability for customers. The use of real-time data and AI algorithms allows businesses to adjust prices based on supply and demand, inventory levels, and customer behavior. However, there are concerns about fairness, transparency, and the potential for AI errors. Dynamic pricing is likely to become the new norm as AI enables businesses to analyze vast amounts of data and make pricing decisions in real time.
…
continue reading
236 episoade
Distribuie
