Case Study – Luxurious Cosmetics

Customer's request Our client is a major international luxury brand. Its pricing department was equipped with a tool considered too rudimentary to allow a sufficiently precise analysis of the prices of the competitors on the whole variety of products and all the...

Dynamic Pricing

In the world of e-commerce retail, many of us have current strategies that can fall under the dynamic pricing model. For example, most eTailers will constantly monitor their competitor’s prices, and price accordingly. Some do this manually, and some have complex...

Strong AI, What is it?

What exactly is strong Artificial Intelligence (AI)? Strong AI is a term used to define a form of artificial intelligence comparable to that of a human. If such an intelligence were to exist, we would not need to cram gigabytes of examples into computers in order for...

Machine vs Human : Artificial ? Yes, Intelligence ? No

Machine Learning (ML) is becoming ubiquitous in the business world, leaving us with the impression that humans will shortly be replaced by Artificial Intelligence (AI). While at first glance this seems to be true, upon closer inspection this is not at all the case....

FASHION: WORKIT @ TRAFFIC

On April 4th and 5th WorkIT visited the TraFFic trade show. This is the second year that the show was organized at Carreau du Temple in Paris. TraFFic helps bring together brands/designers and companies working in domains such as Marketing, Tech and Human Resources....

Machine Learning

With the constant growth of the E-commerce worldwide market, competitive intelligence has become an increasingly complex task due to: An increasing volume of products on sale A high inventory turnover rate, implying a large quantity of products to monitor in a limited...

Press release

The newest online service that enables brands and e-merchants to know their market and define their strategy, all in real-time! WorkIT Software, a leader in smart data for e-commerce, will present a sneak preview of its newest service “WorkIT Insight”, during MedPi...

New version of WorkIT Analytics

We are proud to announce the release of a new version of our software WorkIT Analytics. Our solutions provide data and tools for e-commerce players to analyse and understand the market in a highly detailed and comprehensible manner. By collecting, processing and...

Competitive Price Intelligence: 7 things to know

Competitive Price Intelligence is the practice allowing a company, a retailer or a brand, to track competitor’s prices on a permanent or regular basis, in order to monitor its position within the market relative to competitors.   1 • COMPETITIVE PRICE INTELLIGENCE:...

Learn about Minimum Advertised Price (MAP) in the US – Definition

In today’s multichannel world, it’s hard to keep the market balance and enable retailers to play on a level playing field. Some apply the “make it up in volume” policy, which allows them to offer lower prices and still generate high gross margins. However, this is...