Optimizing E-commerce Dynamic Pricing Using Aggregated Market Data and Cloud-Based Analytics

Dynamic pricing is a key strategy in e-commerce, enabling businesses to adapt to market trends and consumer demand.This paper proposes a framework for optimizing pricing strategies using aggregated market data and cloud-based analytics.By leveraging Google Cloud services like BigQuery and Google Cloud Storage (GCS), the framework processes large-scale pricing datasets to identify trends and predict optimal price points.This study demonstrates an average accuracy of 92.5% for optimal price predictions and an 18% revenue increase during simulated promotional events.Challenges in data quality and model interpretability are addressed, paving the way for scalable cloud-native pricing strategies [1][2][3].

Authors

Publication Details

Journal
International Journal of Global Innovations and Solutions (IJGIS)
Published
2024-12-29
DOI
https://doi.org/10.21428/e90189c8.ed197a70
Citations
1
Primary Topic
Customer churn and segmentation
Type
article
Field-Weighted Citation Impact
0.44
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article

Optimizing E-commerce Dynamic Pricing Using Aggregated Market Data and Cloud-Based Analytics

Jitender Jain, Medha Gupta
1 citations
International Journal of Global Innovations and Solutions (IJGIS)
Customer churn and segmentation
0.44
article

Optimizing E-commerce Dynamic Pricing Using Aggregated Market Data and Cloud-Based Analytics

Jitender Jain, Medha Gupta
article en
1 citations

Abstract

Dynamic pricing is a key strategy in e-commerce, enabling businesses to adapt to market trends and consumer demand.This paper proposes a framework for optimizing pricing strategies using aggregated market data and cloud-based analytics.By leveraging Google Cloud services like BigQuery and Google Cloud Storage (GCS), the framework processes large-scale pricing datasets to identify trends and predict optimal price points.This study demonstrates an average accuracy of 92.5% for optimal price predictions and an 18% revenue increase during simulated promotional events.Challenges in data quality and model interpretability are addressed, paving the way for scalable cloud-native pricing strategies [1][2][3].

International Journal of Global Innovations and Solutions (IJGIS)
Industry, innovation and infrastructure
Openalex Percentile: Top 24%
Customer churn and segmentation
0.44
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