Dynamic pricing is a great tool for businesses, especially those in the e-commerce field. A lot of major companies already use web extracted pricing data to formulate pricing strategies, adapt to price variations, spot MAP violations & analyze customer opinions.
Whether we are talking about the credit-granting or insurance underwriting arena, alternative data usually refers to datasets not inherently related to an individual's credit or insurance claim behavior.
As the internet continues to grow, the amount of data it generates grows with it, opening new opportunities to improve processes and make more informed decisions.
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