Introduction to Channel Pricing Intelligence

Channel pricing intelligence can be defined as a data-driven mechanism. It helps track, monitor, and analyze market trends. It is also useful for scrutinizing the price movements of competitors. It will be helpful to make informed pricing decisions. Pricing intelligence is premised on innovative data-mining tools. It is also on AI-backed analytics. It will help grasp the nuances of the relevant market. It will help understand consumers' responses to a price change. It will set a benchmark against the competition to arrive at the ideal price of a product. Pricing intelligence has pertinent benefits for businesses of all scales and types. Its significance is more pressing than ever. Why? Let us find out!