Pricefx Copilot is designed to provide a conversational interface that allows users to interact with the Pricefx software and receive intelligent pricing insights. These insights can be converted into actionable recommendations and prioritized actions.
Pricefx Copilot leverages the actionable insights feature to analyze historical pricing data, identify trends and patterns, and provide real-time recommendations for pricing adjustments based on market conditions. This integration ensures that users can make data-driven decisions and take proactive steps to optimize their pricing strategy.
For example, when a watcher detects that certain alert conditions are met, such as a drop in sales volume or a decrease in profit margins, it can trigger actions like sending notifications to the team, generating reports, or adjusting prices automatically. These actions are based on the insights provided by Copilot, ensuring that users can respond quickly and effectively to any changes in their sales data.
Here's how it works:
The AI Assistant continuously assesses incoming data and identifies potential actions and recommendations. When a user interacts with the AI Assistant, they can describe their need in natural language. For example, a user might ask, "Help me set up a new insight for customer churn in the ABC business unit." The AI Assistant then generates an initial template for the watcher based on this input.
The user can further refine the template by selecting measures, filters, and thresholds through a conversational process. The AI Assistant guides the user through these steps, making it easy to customize the watcher to meet specific needs.
Once the watcher is set up, it continuously monitors the selected data and triggers actions when certain conditions are met. These actions can include sending notifications, generating reports, or adjusting prices automatically. The AI Assistant simplifies the action creation process, ensuring that users can quickly and efficiently respond to any changes in their data.
By integrating actionable insights with Pricefx Copilot, users can continuously monitor the performance of their products, uncover trends, and receive actionable recommendations that can be easily converted into respective actions. This helps in optimizing pricing strategies and improving overall business performance