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What is PriceSense?

PriceSense is a cutting-edge cloud platform that leverages artificial intelligence and machine learning to deliver pricing and promotional analytics, enabling brands and retailers to assess the immediate impacts of their pricing strategies and promotional efforts. By utilizing AI/ML technology, it provides faster, more cost-effective, and accurate analytics while automating competitor analysis and enabling comprehensive modeling across diverse markets and channels. This functionality allows teams to better comprehend aspects such as price elasticity, the effectiveness of promotions, and competitive pricing patterns. Furthermore, PriceSense offers real-time insights that measure the influence of pricing and promotions on sales volume, overall value, and market performance, integrating smoothly with broader analytics systems to inform pricing strategy adjustments and improve financial results. In contrast to conventional methods that depend on infrequent reporting, PriceSense equips organizations with the tools to make informed, data-driven choices regarding pricing and promotions through ongoing analytical processes. This progressive approach not only keeps businesses agile and responsive to changes in the market but also fosters a culture of continuous improvement and adaptability. By embracing these innovative strategies, companies can enhance their competitive edge in a rapidly changing landscape.

What is Akur8?

Akur8 leverages the power of machine learning and predictive analytics to transform the pricing strategies of insurers by improving both speed and precision, while maintaining full transparency, auditability, and control over the models produced. This cutting-edge platform is unique in its ability to automate the development of production-ready Generalized Additive Models (GAM) and Generalized Linear Models (GLM). Utilizing its innovative proprietary algorithms, Akur8 unlocks substantial business value by addressing previously overlooked enhancements in the combined ratio. The solution equips actuarial pricing teams to construct highly predictive models more swiftly than ever, leading to faster and more informed decision-making processes. In addition to these capabilities, Akur8 is built to be API-enabled, providing users with the ability to quickly access various data sources, create tailored features, and seamlessly integrate the technology into their pricing workflows, thus boosting overall productivity and effectiveness. This all-encompassing strategy not only reshapes the pricing environment but also empowers insurers to maintain their competitive edge in an ever-evolving market landscape. As a result, Akur8 stands as a pivotal tool for insurers striving to optimize their pricing practices and enhance their operational efficiency.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

API Availability

Has API

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub
Online Training

Training Options

Documentation Hub
Webinars
Online Training

Company Facts

Organization Name

C5i

Date Founded

2001

Company Location

United States

Company Website

www.c5i.ai/pricesense/

Company Facts

Organization Name

Akur8

Date Founded

2018

Company Location

France

Company Website

www.akur8.com

Categories and Features

Pricing Optimization

Not specified

Categories and Features

Insurance

Not specified

Pricing Optimization

Not specified

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