Price optimisation solutions provider Sciative receives an overwhelming response at Prawaas 3.0
As it exhibited its AI pricing product- Viaje.ai – for the travel space
Sciative, a dynamic pricing company that provides automated AI value-enhancing AI programs, participated in Prawaas 3.0, India’s flagship passenger transport show. It was held on the 5th and 6th of August at Hitex, Hyderabad. Sciative exhibited its travel product Viaje.ai., an AI pricing product used by SMBs operating in the travel space.
Viaje.ai is Sciative’s fully automated, artificial intelligence-powered solution for the dynamic pricing of bus tickets. It considers around 83 factors while optimizing a price. It is integrated with all the GDS systems, and automatically updates prices every 15 minutes-keeping the prices in alignment with changing customer, occupancy, and market behavior. Its key strengths include seat level pricing; pricing of via-routes; supporting all bus types; upper/lower/state limits; special discount on seats next to female passengers; learning market behaviour; real time changes according to the market conditions; pricing based on seasonality calendar; future price prediction; etc. This dynamic pricing has been proven to improve revenue by 18 to 30%. Its advanced technology improves advance booking by 30% which lead to profit maximization even in low demand.
Commenting on the participation at Prawaas 3.0, Ms. Vijeta Soni, Co-Founder & CEO, said, “We are happy to participate at Prawaas as it was the largest conference of the bus industry and we got to present our solution on how bus companies can grow 100x powered by data insights and artificial intelligence. We got an extremely optimistic response for Viaje.ai..”
Also present at the event Dr. Anshu Jalora, Founder & Managing Director, Sciative, was invited as a speaker for the session “Changing Times for Passenger Transport with Innovative Technologies”. Where he said, We think AI is going to bring massive changes in the way the bus industry functions. We are very proud to be a part of this industry and definitely would like to contribute our best in making this industry grow.
Every day, every trip is unique. AI-based dynamic pricing has its own unique characteristics. It helps predict the behavior of customers in advance. If bus operators know 30 days before the bus departure, how much occupancy they’ll get, at what price they’ll be able to sell the tickets, they’ll be able to decide if they should send their buses on route A or route B. Sciative further strengthens this with big data. Sciative’s travel tool viaje.ai does 2.4 billion optimizations for just one bus.”
On this front, an event like Prawaas 3.0 was the need of the hour. It provided an excellent platform for learning, networking, brand building, showcasing technology, partnering, and business growth. Over 2000+ bus operators showed a keen interest in Viaje.ai. Sciative stall had a footfall of over 10000+.”
Mumbai-based Sciative was started by Dr. Anshu Jalora and Vijeta Soni. The company is a price optimization solutions provider that serves SMBs as well as large businesses. Along with the travel industry, Sciative also works in Retail, Food and Beverage and Media industries. Their aim is to revolutionize the pricing industry with the latest and advanced algorithms and technology.
Prawaas 3.0 was aimed at bringing all the stakeholders from the Bus & Car operator and car operators and related sectors onto a single platform. For the first time ever, both public and private bus operators came together to explore the possibilities of deeper collaboration and evolve better public-private partnership models. The event witnessed a congregation of over 4000 bus and car operators, business visitors, and other stakeholders from pan India.
The theme for Prawaas 3.0, was focused on “Towards Safe, Smart and Sustainable Passenger Mobility”. The event was organised by the Bus & Car Operators Confederation of India (BOCI), a National Apex body of Bus & Car fleet owners and operators.