Recommend the optimal choice with the highest probability of success when there are too many possible options.
Predict the “rating” or “preference” of a user based on past behavior or similarities to other users.
When our company launched, our data analysts could handle pricing on relatively lower volumes with spreadsheet style analyses. Now that we service over 1,000,000 locations representing 100s of $MMs of revenue, we need to serve up real-time cost and price information from sophisticated data sets using the latest machine learning estimators. Not only did Rho AI knock this out of the park for us, they, perhaps more importantly, help us value our enabling data sets to other segments of our industry to enable entirely new business models.
Reduced price prediction error by 50%.
Enabled automated quoting to 100%.