Octopus
Behavioral Pricing Optimization with the use of External Data
Our Behavioral Pricing Optimization Tool – Octopus is designed to refine the outcome of price predictions to the finest point, with the aid of the use of external data and AI modeling.
Octopus predicts the customers’ price elasticity to the granular levels based on their income and spending ability, to ensure that high loyalty rate and increased new customer flow are kept.
Our tool is the combination of ever produced ideas for actuarial science with all available data sources. Octopus merges domain expertise with collective artificial intelligence to produce the best possible optimization based on prediction models.
SPENDING
INCOME
DEMOGRAPHICS
SOCIAL MEDIA
STATISTICS
QUESTIONNAIRE
OCCUPATION
GEO LOCATION
Use of External Data
Lumnion’s external data from open and paid sources
Net Disposable Income Prediction
Predicting customer’s income and spending capacity
Customer Price Optimization
Predicting customer’s price elasticity
Use of External Data
Lumnion’s external data from open and paid sources
Net Disposable Income Prediction
Predicting customer’s income and spending capacity
Customer Price Optimization
Predicting customer’s price elasticity
1 Month Trial
12 Months Subscription
No License Fee
No Service Fee
No User Based Fees