An Exponential AI client in the retail currency exchange services industry was looking to automate the gathering of pricing intelligence information in real-time and gaining insights into macro and micro trends effecting pricing to offer better deals to customers in real time.
Exponential AI deployed intelligent bots to quickly scrape currency and exchange data from multiple sources, intelligently recommend the pricing value in real-time, based on the historical purchase patterns, rate dynamics etc and recommend appropriate exchange prices.
During the analysis of the macro and micro trends, migrant labor work force was identified as a strong influencer in determining the demand from the market. Exponential AI identified alternate data sources like construction activity, motel availability, home sales, rentals, new project announcements etc for building a successful predictive and insight-generating model that enabled better price offerings to customers.
– 98% time reduction in information gathering for pricing intelligence enabling near real time offerings.
– 23% cost saving due to improvements in currency acquisition rates