Introduction

This learning path is designed for individuals who need to gain a basic understanding of the Clustering Accelerator and it provides a way to group items using a fairly simple process, not requiring a data scientist to proceed, to build clusters that allow businesses can develop more effective pricing and marketing strategies, increase customer satisfaction and retention, and ultimately drive revenue growth.

This learning path will discuss the core concepts, functions, and features of the Clustering Accelerator from a high-level viewpoint and will serve as the foundational knowledge for the additional learning paths in this series.

Learning Prerequisites

Make sure that you have these aspects covered before moving on to the course:

• About Pricefx

• Pricing Basics

• Pricing Concepts

• Pricing Terminology

• Accelerator Overview

• Price Optimization Core Learning Path for All Audiences

Learning Synopsis

This learning path will delve into the functionalities of the Clustering Accelerator from a business user's perspective to illustrate the concepts of clustering, how they depict relationship between customers and products, their role in effective pricing and driving revenue growth and how to create a data-driven typology of customers.

Learning Objectives

Core topics and takeaways:

• Highlight the goals and objectives of Clustering Accelerator for business users.

• Understand the step-by-step process for instantiating the clustering model.

• Define the steps for running our calculation and initiate the training of the elasticity model.

• Illustrate the outputs from this Accelerator and the dashboards that are created.

• Demonstrate the process for exporting the clustering results

Learning Journey

This learning path for the Clustering Accelerator is divided into multiple topics and each one is designed to be experienced in a sequential order, as each subsequent level builds upon the knowledge acquired in the preceding content.

This structured approach ensures that learners have the necessary foundation before progressing to more advanced concepts, optimizing the learning experience and maximizing the effectiveness of using the Multifactor Elasticity Accelerator.

Clustering Basics

• Purpose of Clustering

• Pricefx Clustering Solution

• Clustering Approach

• Limitations

Clustering Model

• Initial Setup

  • Create Clustering Model

  • Set Model Scope

  • Setup Clustering Parameters

• Explore Clustering Results

  • Overview

  • Clustering Occurrence

  • Clustering Details

  • Number of Clusters

  • Export Cluster

Time commitment: For this path you should dedicate approximately 1 hour.