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Podcast: thinkfuture: technology, philosophy and the future
Episode: 1025 SURVEILLANCE PRICING: THE FUTURE OF COMMERCE?
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In this episode, the host dives deep into the concept of "surveillance pricing," an evolution of revenue management techniques used by airlines and hotels. Originally pioneered by companies like British Airways, revenue management involves dynamically adjusting prices for flights and hotel rooms based on various factors like demand, seasonality, and competitor pricing. Now, with advances in technology, surveillance pricing takes this idea a step further by using personal data to set...