04: AI-driven Pricing in Retail with Alex Galkin

In the first-ever guest interview in TRT podcast's history, our host Saurabh is joined by Alex Galkin, the founder and CEO of Competera, to explore what truly works (and what doesn't) in revolutionizing pricing strategies in Retail using AI capabilities. Competera is an AI-based pricing platform designed to help retailers enhance their overall pricing strategy, increase revenue, and optimize profitability by leveraging a blend of advanced AI and smart data.  

Alex and Saurabh talk about the following topics:

• Alex's overall journey so far
• Approach to pricing optimization with retailers
• Explainability aspects of AI-driven pricing recommendations
• Should pricing be individualistic and personalized?
• AI-based pricing for retailers and the right frequency for pricing changes
• Differences between pricing optimization and dynamic pricing
• Considerations for retailers to get started with AI-driven pricing optimization

Follow Alex Galkin on LinkedIn at: https://www.linkedin.com/in/alexhalkin/               

Follow Competera on LinkedIn at: https://www.linkedin.com/company/competera/

Follow Saurabh Vijayvergia on LinkedIn at: https://www.linkedin.com/in/svijayvergia/

Follow The Retail Tales on LinkedIn at: https://www.linkedin.com/company/retailaitales

It is NOT a sponsored episode, but an attempt to learn about (and share) AI-based pricing in the retail industry from someone who is helping retailers make it work.

DISCLAIMER: The information presented in this podcast episode is intended for general informational purposes only. By accessing and listening to this episode, you acknowledge that none of the information provided herein should be construed as advice from The Retail Tales, its individual author(s), hosts, or guests. It is not intended to replace independent research on any subject matter. Any mention of specific products or entities does not imply an endorsement or recommendation by The Retail Tales. The opinions expressed by guests are their own, and their appearance on the program does not constitute an endorsement by The Retail Tales or any associated entity.  

The Retail Tales waives all liability or responsibility for any direct, indirect, incidental, special, consequential, or other damages that may result from an individual's use of, reference to, or reliance on this podcast or the information it contains.