Behind the Curtain of AI in eCommerce – Why Good Data is the Key to Staying Competitive with Rochelle Thielen
Update: 2025-02-25
Description
In this conversation, Rochelle Thielen emphasizes the critical role of real-time data in developing effective pricing strategies. She discusses how businesses must adapt quickly to customer expectations and market trends to remain competitive.
Takeaways
- Real-time data is essential for effective pricing strategies.
- Businesses should aim for a deep understanding of customer expectations.
- Data analysis should be conducted frequently, ideally in real-time.
- The 24-hour data limit is outdated for top-tier businesses.
- Understanding market trends is crucial for pricing decisions.
- Companies need to be proactive rather than reactive in their pricing.
- Customer insights can lead to more effective pricing strategies.
- The speed of data analysis can impact business success.
- Real-time insights can provide a competitive edge.
- Adapting to customer needs quickly is vital for growth.
Sound Bites
- "Understanding of what customers are expecting to see."
- "It should be so much quicker up to real time."
Chapters
00:00
Introduction to Traject Data and Rochelle's Background
06:36
Human Oversight in AI Systems
14:54
Trends in Retail Data Usage
21:48
AI Democratization for Small Merchants
27:39
Popular Products and Closing Thoughts
Comments
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