What is the importance of speed to value in AI-powered Price Optimization❓
Check our poll results and find out!👍💡⬇️
AI is essential for effective Pricing.🚀
But sometimes, it takes a while to get results. It may be time to collect data. Or to train the AI model and deploy the software. Such projects can last months or even a year.😲
Could a lengthy project diminish the value of the outcome?
According to our poll:
➡️57% of Pricing people agree that “speed to value” is Very Important.
➡️Practically, no Pricing professional disputes that speed has at least some impact on the end result.
➡️Surprisingly, professionals from other functions believe in the high importance of “speed to value” even more than Pricing people.
The poll highlights the significant benefits of balancing execution speed with quality. This should be a key consideration before committing to lengthy and complex projects. At least not before evaluating other options, including POCs, pilots, and adopting an agile approach with sprints.
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