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Innokrea's clients, particularly those in the eCommerce sector, face difficulties in accurately pricing used products, especially electronics. This is due to the variability in product parameters, limited data availability for withdrawn items, and the need to quickly determine competitive prices to maximize sales and buyer satisfaction. The lack of readily available and reliable price estimation tools leads to time-consuming manual price comparisons and potential lost revenue.
A technology company specializing in developing innovative software solutions, including AI-driven applications for various industries.
The successful implementation of this platform is expected to significantly improve the user experience on Innokrea's eCommerce platform. Sellers will save an estimated 10 minutes per product listing, leading to increased listing frequency. Buyers will have a more informed basis for purchase decisions, leading to greater satisfaction and potentially higher transaction rates. The ability to quickly compare prices and identify deals will drive increased user engagement and platform loyalty. The platform aims to process 10,000+ auctions and provide alternatives for buyers and sellers.