Revionics and Conrad Electronics to Co-Present at EHI Retail Institute Conference in Germany on the Value of AI Pricing in Retail

AUSTIN, Texas, Sept. 25, 2019 /PRNewswire/ — Revionics, Inc., a leading provider of AI science-based pricing and promotions, announced today that Ales Drabek, Chief Digital and Disruption Officer at Conrad Electronic SE, and Anastasia Laska, Vice President of Business Development and Partner Alliances at Revionics, will be co-presenting at the EHI Retail Institute Conference, which will focus on Artificial Intelligence and Analytics, 2 October 2019, in Cologne, Germany.

Revionics (PRNewsFoto/Revionics, Inc.) (PRNewsFoto/Revionics, Inc.)

With AI changing the retail landscape, it’s becoming a “must have” for retailers to have AI-based price and promotion solutions. But the reality exposes significant gaps between retailers’ beliefs and practices. While relatively few retailers leverage AI-based pricing today, a Revionics-commissioned Forrester global study found that 76% of retailers believe AI-driven pricing would have a positive impact on shoppers.i

The presentation will cover:

  • As a leading price optimization solution provider, Revionics has been applying AI and data science for 20+ years for retail price, promotions and markdowns, so why is it now becoming absolutely imperative and no longer just an option to leverage AI and data science in retail technologies?
  • Based on proven global retailer experiences, how can retailers leverage data science to maximize financial performance while increasing consumer loyalty?
  • What are the important differentiators of a mature and effective AI solution?
  • Hear the real-world success story of Conrad Electronic
  • , which have looked holistically at the customer funnel and chosen the best approach to different AI and technology use cases. In cooperation with Revionics, they have succeeded in turning data-driven pricing into a key pillar of their value proposition.

For more information about this event, click here.

About Revionics, Inc.

Revionics is a global SaaS provider of science-based pricing, promotion, space and competitive insight for innovative retailers. Revionics helps retailers around the world gain a competitive edge by managing and optimizing their pricing, promotions, markdowns, and space. Created by retail experts, Revionics’ cloud-based SaaS solutions deliver amazing year-over-year ROI with an attractive total cost of ownership. Embracing the retail and science in its core DNA, Revionics delivers machine learning solutions that retailers use to translate shopper insights and competitive response into high-impact results. With Revionics, retailers gain leading-edge capabilities, an invested partner and an evolving solution for today’s dynamic retail landscape.

Predictive. Prescriptive. Profitable Retailing. Expect Nothing Less.

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i Retail Success Requires Personalized, AI-Driven Pricing Strategies, A Revionics-Commissioned Study by Forrester Consulting, October 2018

Contact: Alison Raffalovich
Senior Director, Corporate Communications
Phone: +1 (512) 826-0538 (USA)
araffalovich@revionics.com

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SOURCE Revionics, Inc.

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