Guided Analytics

Having such a big competition on the market, companies face the problem of defining and implementing right pricing strategy. One way to create a optimal price index is to analyze the prices of the benchmark products in the market.​

Choosing the right competitor for a price strategy benchmark is done by analysing automatically potential benchmark candidates and ranking them.​ Detailed analysis helps the user understand where the selected baseline product is against its competitors. ​

KNIME suggests various pricing strategies giving the pricing analyst the opportunity to sense check current prices and select the best price for the future.

Guided Analytics

 

Resources

EXAMPLES Server: 60_Innovation_Notes/05_Price_Benchmarking/01_Guided_Analytics60_Innovation_Notes/05_Price_Benchmarking/01_Guided_Analytics*
Download a zip-archive

 

 


* Find more about the Examples Server here.
The link will open the workflow directly in KNIME Analytics Platform (requirements: Windows; KNIME Analytics Platform must be installed with the Installer version 3.2.0 or higher). In other cases, please use the link to a zip-archive or open the provided path manually