This article explores how Thompson Sampling leverages AI to refine dynamic pricing strategies and maximise profits in unpredictable markets.
FP&A Insights
FP&A Insights is a collection of useful case studies from leading international companies and thought leadership insights from FP&A experts. We aim to help you keep track of the best practices in modern FP&A, recognise changes in the ever-evolving world of financial planning and analysis and be well equipped to deal with them.
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This series of articles explores dynamic pricing's effectiveness and the challenges caused by fluctuating market conditions.
FP&A people should develop a good understanding of competitiveness. It is not just about the general concept but the specifics of the company. Financial Planning and Analysis (FP&A) is not the only function concerned, so we should be at least on par with the others and, hopefully, become a vector to improve the common understanding.
In this article, the author explores how organisations can balance rigorous financial planning with an agile mindset, highlighting the dangers of cognitive biases and offering strategies to prevent reliance on outdated assumptions and past information.