Managing prices has always been an activity of keen interest to businesses, but it has become even more critical to do it well. Over the past decade many companies have found their ability to raise prices has been constrained by intense competition resulting from Internet commerce, global competition and other factors. One tool for dealing with this pressure is price and revenue optimization (PRO), an analytic methodology that calculates how demand varies at different price levels and then uses...
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Topics:
Big Data,
Performance Management,
Predictive Analytics,
Sales,
Office of Finance,
Operational Performance Management (OPM),
Analytics,
Business Analytics,
Business Performance Management (BPM),
Financial Performance Management (FPM),
Sales Performance Management (SPM),
analytical application,
Price Optimization
One trend in business software that’s still in its early stages but gathering momentum is the availability of modeling tools that fill the gap between desktop spreadsheets and enterprise systems. Granted this “early stage” has been under way for quite some time, but the technology has finally progressed to the point where I expect it to get increasing market traction.
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Topics:
Big Data,
Database,
Planning,
Forecast,
Office of Finance,
Operational Performance Management (OPM),
Essbase,
Quantrix,
Analytics,
Business Analytics,
Business Collaboration,
Business Intelligence,
In-memory,
Business Performance Management (BPM),
finance,
Financial Performance Management (FPM),
Sales Performance Management (SPM),
Workforce Performance Management (WPM),
analysis,
analytical application,
business model,
business plan,
financial model
