Meet SAMPO – Sniffie’s AI pricing solution
SAMPO IS THE MOST INGENIOUS WAY TO IMPLEMENT FULLY DYNAMIC PRICING TO YOUR ECOMMERCE SITE OR RETAIL STORE.
We at Sniffie believe dynamic pricing is the best way to maximize profits for each item sold. As our market pricing -based repricing suite is fully available for all our customers by the end of the year, we are eager to announce the next iteration in Sniffie’s pricing automation solution focusing on fully automatic dynamic pricing. We call it SAMPO and it has been developed this year by Aleksi, our resident psychologist and Head of Data, in cooperation with Niko, our CTO. Read below why SAMPO is the future of fully automated dynamic pricing.
SAMPO is a full-on AI solution
SAMPO DOES NOT DEPEND ON HUMAN CODED ALGORITHMS
In theory, our current repricing suite can be improved in one way. The improvement relates to this fact: the algorithms it uses have been designed and implemented by humans. In addition, the rules and automations are also confirmed by humans. Unlike a machine that can have almost infinite processing time to inherit inputs and produce desirable outputs, we humans are unable to process all that information in a reasonable amount of time to produce the most optimal outputs.
SAMPO takes away all this. Sure, the AI logic SAMPO uses has been designed and implemented by humans, but the difference is that there are no constrains on the inputs that provide desirable outputs.
SAMPO can optimize your prices automatically
IT ONLY NEEDS TO KNOW THE DEMAND OF YOU PRODUCTS. OTHER INPUTS ENHANCE SAMPO TO GO THE EXTRA MILE.
Unlike our current repricing suite, market information is no longer a necessary input in the pricing automation provided by SAMPO. It means that you can get on with implementing a full-on dynamic pricing in your ecommerce site or retail store very easily and fast.
Since SAMPO is based on AI algorithms, it will learn and adapt over time to changes in your market needs. Based on the market you are competing in, the adaptation can happen very fast, allowing for real-time dynamic pricing implementations, or a bit slower, allowing for products.
You have the choice to still remain fully in control with our mobile app
YOU REMAIN IN CONTROL. LIKE ALWAYS.
If you are not yet fully comfortable allowing a computer to make all decisions for you, you still have the choice to confirm all pricing decisions made by SAMPO with our mobile app. In the most critical products, you may want to keep this still on to make sure you know how the AI is interpreting the market. In less critical products, you probably don’t have the time and patience to do this, which is why you probably shouldn’t. Regardless, the choice is up to you. You remain in control at all times.
SAMPO is available for all Sniffie customers later next year
IT IS WELL WORTH THE WAIT.
The solution is currently in closed testing in cooperation with some of our clients. Testing will expand to more clients next year and full release is available later next year. Stay tuned for more information.