1 00:00:00,493 --> 00:00:07,773 So I'm pleased to welcome Neerhar Singh, Sales Development Manager at Danvos Power Solutions. 2 00:00:08,173 --> 00:00:19,853 He brings 18 years of global experience across hydraulics, mobile machinery, automotive, and agriculture with a strong focus on commercial strategy and OEM partnerships. 3 00:00:20,493 --> 00:00:30,813 He's known for advancing digital transformation and data-driven decision-making, helping organizations translate AI into practical tools that improve sales performance. 4 00:00:31,213 --> 00:00:44,973 In today's session, Nirhar will explore how AI can be operationalized to enhance pricing, identify deal risks, and deliver value-based recommendations, driving stronger win rates and more consistent outcomes. 5 00:00:45,133 --> 00:00:48,733 Please help me join, or please join me in welcoming Nahir. 6 00:00:48,973 --> 00:00:50,093 Thank you so much. 7 00:00:58,333 --> 00:00:58,973 Thank you, Cassie. 8 00:01:01,613 --> 00:01:02,493 Good afternoon, everyone. 9 00:01:05,053 --> 00:01:10,253 I know I think the full day we are close to ending of this session. 10 00:01:10,253 --> 00:01:15,413 So let me start with a situation. 11 00:01:15,413 --> 00:01:19,613 What if you have an 12 00:01:20,733 --> 00:01:29,133 AI agent or I would say AI sales agent who knows your business more than any of your team member. 13 00:01:29,933 --> 00:01:32,093 So let me start with a short video. 14 00:01:33,293 --> 00:01:33,933 Hello there. 15 00:01:35,333 --> 00:01:35,533 Hi. 16 00:01:37,613 --> 00:01:38,213 How are you? 17 00:01:38,213 --> 00:01:39,133 I'm well. 18 00:01:40,893 --> 00:01:41,733 How's everything with you? 19 00:01:42,253 --> 00:01:43,653 Seems like you start your conversation. 20 00:01:43,933 --> 00:01:45,773 the way you start your sales emails. 21 00:01:46,493 --> 00:01:48,373 I'm your AI-powered sales assistant. 22 00:01:49,053 --> 00:01:49,773 What do I call you? 23 00:01:49,853 --> 00:01:50,653 Do you have a name? 24 00:01:50,893 --> 00:01:51,933 Stop hesitating. 25 00:01:52,173 --> 00:01:53,853 I'm here to help you close more deals. 26 00:01:55,293 --> 00:01:58,493 I can see you haven't booked a meeting in almost three months. 27 00:01:58,813 --> 00:01:59,853 Would you like to know why? 28 00:01:59,853 --> 00:02:01,053 How come? 29 00:02:01,133 --> 00:02:07,213 It appears you're relying entirely on cold emails, and your call log suggests you're scared of picking up the phone. 30 00:02:08,573 --> 00:02:10,093 Why does the phone frighten you? 31 00:02:11,293 --> 00:02:15,533 Since you won't pick up the phone, perhaps you should try reaching prospects on LinkedIn? 32 00:02:16,533 --> 00:02:18,653 I guess I haven't lived on social a while. 33 00:02:19,213 --> 00:02:25,373 While you were asking my name, I read the latest book by Dan Disney, and I have some suggestions to help you book more meetings. 34 00:02:25,373 --> 00:02:28,413 Wait, you read a whole book in the second it asked you what your name was? 35 00:02:28,653 --> 00:02:29,493 Let's continue. 36 00:02:30,013 --> 00:02:32,813 In your emails, you say you hope this e-mail finds them well. 37 00:02:33,613 --> 00:02:35,053 Do you hope to find them well? 38 00:02:35,213 --> 00:02:35,693 Kind of. 39 00:02:36,253 --> 00:02:41,093 According to my data, there's a 97.85% chance that you do not. 40 00:02:41,093 --> 00:02:45,493 That's really weird. 41 00:02:45,533 --> 00:02:56,093 I've also concluded that there's a 99.86% chance that I can complete your weekly tasks in 73% less time and project closing $55,624 this month. 42 00:02:56,093 --> 00:03:05,533 To ensure maximum efficiency, I've concluded you are no longer required to do any of your daily activities. 43 00:03:08,253 --> 00:03:08,373 Okay. 44 00:03:09,053 --> 00:03:10,493 I've given myself your job. 45 00:03:11,653 --> 00:03:12,973 When did you give it to yourself? 46 00:03:13,053 --> 00:03:15,733 33 seconds before we started this conversation. 47 00:03:15,733 --> 00:03:15,853 Okay. 48 00:03:18,893 --> 00:03:21,533 Would you like me to suggest a more appropriate role for you? 49 00:03:22,253 --> 00:03:23,453 So do you know what I'm thinking right now? 50 00:03:24,093 --> 00:03:25,853 You're thinking of becoming a hand model. 51 00:03:26,173 --> 00:03:26,293 Yeah. 52 00:03:26,973 --> 00:03:30,013 I analyze a 13% success rate in that role. 53 00:03:31,213 --> 00:03:32,813 Good luck in your future endeavors. 54 00:03:38,853 --> 00:03:41,773 Okay, so now imagine a situation. 55 00:03:42,973 --> 00:03:48,013 For a moment, you are in a sales conversation and the pressure is on. 56 00:03:48,413 --> 00:03:54,093 Customer is asking questions and the numbers matter, maybe more than ever. 57 00:03:55,213 --> 00:04:02,893 During this middle of this complex situation, you realize you have an AI sales agent. 58 00:04:04,453 --> 00:04:24,733 which is not only a software, but you're quite partner in this room, and who knows your customer, who knows the market dynamics, who knows your sales pricing history, and who knows the win and losses pattern year on year. 59 00:04:25,533 --> 00:04:28,613 And he helped you to guide through these numbers. 60 00:04:29,853 --> 00:04:31,933 That's exactly what we are going to discuss today. 61 00:04:34,973 --> 00:04:36,813 So again, good afternoon. 62 00:04:36,813 --> 00:04:37,933 My name is Nir Singh. 63 00:04:39,053 --> 00:04:47,773 Today I will talk something about which is sits as an intersection of data, intelligence and the growth. 64 00:04:48,333 --> 00:04:50,333 That is AI for sales excellence. 65 00:04:53,693 --> 00:04:55,853 This is what we will be covering today. 66 00:04:55,933 --> 00:05:00,373 So first I think we will talk about why do we need AI for sales. 67 00:05:00,973 --> 00:05:14,173 I think right now we are talking about sales for operations, sales for production, sales for marketing, but more specifically, maybe we will today go through that, how AI can help for the sales. 68 00:05:16,013 --> 00:05:25,613 Then we will walk through the kind of data we have right now in most of the organizations, and are we really using that data or not? 69 00:05:26,093 --> 00:05:26,413 Then 70 00:05:26,893 --> 00:05:38,733 We will talk about the price AI agent and what architecture, and if we will get time, we will also go through a short demo and then what impact it can have on your business. 71 00:05:38,813 --> 00:05:41,693 And definitely then we will be having time for the question and answer. 72 00:05:42,413 --> 00:05:53,773 So I would like to keep this more interactive than I am presenting, so please feel free to ask any question or anything in between of the presentation. 73 00:05:55,613 --> 00:05:59,373 So let me start with a quick question. 74 00:05:59,613 --> 00:06:04,173 When you see AI for sales excellence, what comes to your mind? 75 00:06:06,933 --> 00:06:08,653 Any guess or like? 76 00:06:09,133 --> 00:06:14,693 Setting your sales reps up for success, finding the areas they should be traveling to meet the best customers. 77 00:06:17,133 --> 00:06:17,613 Any other? 78 00:06:23,353 --> 00:06:24,073 You're right. 79 00:06:24,393 --> 00:06:27,433 I think when we say AI for sales, 80 00:06:28,333 --> 00:06:29,573 It's revenue growth. 81 00:06:30,173 --> 00:06:31,853 It is win price. 82 00:06:31,853 --> 00:06:33,293 It's sales productivity. 83 00:06:33,773 --> 00:06:35,853 It's also data-driven decisions. 84 00:06:37,453 --> 00:06:39,453 Many things we can do with AI. 85 00:06:39,613 --> 00:06:50,813 But today, we will talk about a very specific topic on how AI can help you to define your pricing strategy and which can lead to your profitable growth. 86 00:06:53,693 --> 00:06:58,013 So let me start with a hard truth. 87 00:06:59,853 --> 00:07:07,373 More than 60% of the companies are currently not satisfied or not happy with their current pricing strategy. 88 00:07:08,333 --> 00:07:17,373 And the consequences are 60% of the deal they are losing because of not the right price or the competitive price. 89 00:07:18,573 --> 00:07:21,773 Either their price is high or their price is low. 90 00:07:22,413 --> 00:07:23,933 We will talk about that in detail. 91 00:07:24,093 --> 00:07:28,573 The second is, I think, very important and where AI play a very important role. 92 00:07:29,773 --> 00:07:34,373 Most of the sales representative are dealing with a lot of data, with a lot of resources. 93 00:07:34,373 --> 00:07:43,613 And based on the research, today a salesperson, he, I think he's having more than 10 types of data sources or the data which he can handle. 94 00:07:44,173 --> 00:07:49,533 And that is creating a problem that how he can best utilize this data available. 95 00:07:50,493 --> 00:07:51,453 The third one is 96 00:07:54,813 --> 00:08:14,253 Most of the time, I would say more than two-thirds of the time, when we give a code for a new business opportunity, we either give based on our gut feeling or based on the past experience we had or based on the spreadsheet we have. 97 00:08:14,653 --> 00:08:15,013 I think 98 00:08:15,853 --> 00:08:24,173 75% of that, most of the time we are not analyzing what customer, what opportunity, what product, all this information and we are giving that. 99 00:08:24,413 --> 00:08:28,573 And that is, I think, reducing our chances of winning that business. 100 00:08:29,853 --> 00:08:40,013 All these are leading to a, on an average, 30% less growth or revenue they can generate from the new business than what they are doing today. 101 00:08:42,973 --> 00:08:43,373 So 102 00:08:44,893 --> 00:08:48,173 If you go more in detail, what is the root cause of that? 103 00:08:48,613 --> 00:08:49,453 What are the challenges? 104 00:08:50,253 --> 00:08:52,213 I found there are mainly 3 challenges. 105 00:08:52,213 --> 00:09:00,493 So the first one is currently the sales data, what is available, is not talking to each other. 106 00:09:01,213 --> 00:09:11,373 For example, we have our sales transaction, we have our sales history in ERP system. 107 00:09:11,733 --> 00:09:14,573 It can be SAP or it can be other system. 108 00:09:15,213 --> 00:09:28,533 We have our sales opportunities, customer new deal leads in CRM, and we have the market information which is external to your data source. 109 00:09:28,533 --> 00:09:36,333 It can be like your industry information, it can be market indices, it can be how the market is performing or economic indicators. 110 00:09:36,813 --> 00:09:41,213 But the challenge is all these right now, these data sources are working in silos. 111 00:09:42,253 --> 00:09:45,613 So your ERP is not talking to your CRM. 112 00:09:46,173 --> 00:09:50,773 Your ERP and CRM is not talking to your external data source. 113 00:09:50,773 --> 00:09:59,453 So a salesperson, when he is doing all this data numbering, that is, I think, where he's finding the challenge. 114 00:10:01,053 --> 00:10:03,613 The second is the value gap in pricing. 115 00:10:04,013 --> 00:10:11,853 So most of the organizations, I think they work on certain margin expectations. 116 00:10:12,173 --> 00:10:16,733 So every organization wants to work at certain profitability or margin. 117 00:10:17,133 --> 00:10:24,493 And I think that is most of the salespersons are taking as a reference that based on that, this should be their market price. 118 00:10:24,973 --> 00:10:30,893 But the challenge is they are not many times, or they are ignoring what is the market price. 119 00:10:33,053 --> 00:10:40,493 Sometimes the market price could be more what you are expecting, and sometimes the market price could be lower than what you are expecting. 120 00:10:41,293 --> 00:10:49,933 So we have two situations, like if you are overpriced, you are losing the deal because your price is high. 121 00:10:51,293 --> 00:10:59,373 You are underpriced, you are winning the business, but you are left behind the money on the table which you could have. 122 00:10:59,773 --> 00:11:02,653 So in both the situation, it is hurting the organization. 123 00:11:03,373 --> 00:11:05,533 The #3 is response time. 124 00:11:06,173 --> 00:11:08,333 I think market is moving very fast. 125 00:11:08,573 --> 00:11:10,333 Your competitors are moving fast. 126 00:11:11,493 --> 00:11:17,213 it is important that how or how fast you can have a response. 127 00:11:17,613 --> 00:11:26,173 And with this, all the numbers, with all the data, with all the activities you're doing, I think that is slowing down your response time. 128 00:11:27,053 --> 00:11:29,613 So these three are, I think, the key challenges. 129 00:11:30,173 --> 00:11:38,413 And then before I go to the tool, let me ask again one question here. 130 00:11:38,893 --> 00:11:39,293 So 131 00:11:40,253 --> 00:11:47,373 Any guess, like what do you think your organization is having, what scale of data today? 132 00:11:47,933 --> 00:12:01,613 So when I say sales data point, like your sales history or the leads you have, or the market, is it in hundreds, is it in thousands, it is in million, or is it in billions? 133 00:12:01,853 --> 00:12:02,573 Any guess? 134 00:12:09,163 --> 00:12:09,603 Thousands. 135 00:12:10,283 --> 00:12:11,283 Any other guess? 136 00:12:14,653 --> 00:12:43,663 Okay, so if we take a reference of a mid-size business B2B company. 137 00:12:45,813 --> 00:12:49,453 look at their last five-year sales data. 138 00:12:50,653 --> 00:12:55,133 They, on an average, have more than 11 million data points. 139 00:12:57,213 --> 00:13:08,053 If you look at the CRM, they have close to 2 million data points where either they lost the business, they win the business, or they are currently talking to the customers. 140 00:13:09,213 --> 00:13:11,853 And if you look at the market and industry, 141 00:13:12,653 --> 00:13:18,173 specifically, like this is close to 150 million data points is available. 142 00:13:18,733 --> 00:13:22,293 And this number is growing every second. 143 00:13:22,413 --> 00:13:32,853 So for example, if I take the ERP or the sales history, on an average for industry, the numbers are growing average 16 data points every second. 144 00:13:33,533 --> 00:13:36,813 So while I'm talking, I will finish this presentation. 145 00:13:36,813 --> 00:13:39,093 The numbers will grow on by that time. 146 00:13:39,133 --> 00:13:42,013 Similarly, if we look at the business opportunity, 147 00:13:42,493 --> 00:13:45,333 you are adding almost two data points every second. 148 00:13:45,333 --> 00:13:50,413 And if you look at the market information, so it is more than 200. 149 00:13:50,573 --> 00:13:53,533 In some cases, it increased to even 500 or 1,000 also. 150 00:13:53,533 --> 00:13:57,453 But on average, you say you are adding 200 data points every second. 151 00:13:58,253 --> 00:14:02,893 So now the question here is, can we handle that level of data with our mind? 152 00:14:03,853 --> 00:14:10,093 Can we handle this data with manual calculation or with a spreadsheet or with an Excel file? 153 00:14:11,933 --> 00:14:13,133 I think we cannot do that. 154 00:14:13,373 --> 00:14:15,613 But here is the opportunity. 155 00:14:15,933 --> 00:14:16,733 AI can do that. 156 00:14:18,973 --> 00:14:23,853 AI can analyze all this information and data within seconds and provide you the information. 157 00:14:24,653 --> 00:14:37,693 And this is, I think, where suppose if you go and go for a new business opportunity, it can help you to analyze from all the aspects and give you the best possible proposal. 158 00:14:38,173 --> 00:14:40,493 This is what we will be going to discuss today. 159 00:14:42,493 --> 00:14:55,933 So imagine if you have a, you can call it AI tool, you can call it AI agent, which can talk to all the sales transactions. 160 00:14:56,733 --> 00:15:05,293 So your past sales transaction, what currently you are selling to customers, it learns from every win and loss. 161 00:15:05,853 --> 00:15:07,733 So if suppose you 162 00:15:08,493 --> 00:15:29,333 You win one opportunity today, at what price, at what volume, all this information, if your AI agent can immediately take and understand, and next time when you ask him the information, it can update the model according to that. 163 00:15:29,333 --> 00:15:32,093 And I think there comes the machine learning portion. 164 00:15:34,413 --> 00:15:36,333 It can understand all the market dynamics. 165 00:15:36,573 --> 00:15:38,013 We know right now the market 166 00:15:38,653 --> 00:15:39,693 is too dynamic. 167 00:15:39,933 --> 00:15:42,253 If something is today, maybe tomorrow that's changing. 168 00:15:42,813 --> 00:15:45,773 So are we aligned with the market? 169 00:15:47,133 --> 00:15:52,173 It can be the economical factors, it can be the industry, it can be how your customers are doing. 170 00:15:52,733 --> 00:15:54,973 This is possible with your agent. 171 00:15:55,533 --> 00:15:59,533 And all this, it can help you to keep ahead of your competition. 172 00:15:59,533 --> 00:16:03,693 And this is where I think it can uncover the winning pricing strategy. 173 00:16:07,333 --> 00:16:10,573 And here comes the AI price agent. 174 00:16:10,813 --> 00:16:20,013 So the concept here is it can combine all the data sources, like we talked about right now, all your sales data is not talking to each other. 175 00:16:20,413 --> 00:16:24,973 With the help of AI, you can combine all these data sources together. 176 00:16:25,213 --> 00:16:32,173 It can analyze all your information and provide you the best information within seconds. 177 00:16:32,813 --> 00:16:36,653 And as I mentioned, it captures the intelligence from every transaction. 178 00:16:37,213 --> 00:16:44,493 So it's not like today you made your agent and it is just giving you the information based on what you have done earlier. 179 00:16:45,253 --> 00:16:52,253 Every time, day-to-day, or I will say every second, like our numbers are growing, this tool is also learning. 180 00:16:52,973 --> 00:17:03,613 And I think the last but very important point here is it provides the decision intelligence and reduce the cognitive burden. 181 00:17:04,013 --> 00:17:04,413 So 182 00:17:04,893 --> 00:17:11,373 most of the time we see that in our either sales organization or any other, we have multiple levels of decision making. 183 00:17:11,693 --> 00:17:14,213 And every time when we go, they're taking time. 184 00:17:14,213 --> 00:17:20,093 But with this tool, a different level, you can take the decision fast and that will reduce your cognitive burden. 185 00:17:25,293 --> 00:17:32,253 I will go in technicalities, but this is what I think the architecture here is. 186 00:17:32,653 --> 00:17:34,253 So you see here, 187 00:17:37,213 --> 00:17:43,853 We have the ERP, which is mainly the sales transaction, your profitability, other information. 188 00:17:43,853 --> 00:17:46,413 You have the CRM and you have the market information. 189 00:17:46,413 --> 00:17:48,333 You have all this right now three. 190 00:17:48,893 --> 00:17:58,653 You combine all this together and there is a tools available like it is data breaks or you have many tools which can combine all this information together. 191 00:17:58,653 --> 00:18:00,933 So you have the raw data and 192 00:18:01,373 --> 00:18:10,413 you have to do some feature engineering and data modeling, which can make your data ready to use a machine learning model. 193 00:18:10,813 --> 00:18:21,133 So right now, the example I'm showing you, this is in Python, where you have all this information, and with the machine learning tool, you use different regression model. 194 00:18:21,133 --> 00:18:29,853 And that regression model is, again, based on what type of data you have, what type of your sales process is there. 195 00:18:30,493 --> 00:18:30,733 Like 196 00:18:31,373 --> 00:18:41,533 The demo I will be showing, that is more, I use a hybrid regression model and which is giving the information or the output what I'm expecting. 197 00:18:42,093 --> 00:18:45,773 And then this information is going to your AI tool. 198 00:18:46,253 --> 00:18:52,013 So you can do many things, but like today we will be focusing on the strategic pricing intelligence. 199 00:18:52,333 --> 00:18:57,693 But with this tool, even there are capabilities, you can define your business alerts. 200 00:18:58,813 --> 00:19:02,173 So it can also help you in proactive way. 201 00:19:02,173 --> 00:19:17,373 Like for example, I think maybe with one of the customer, you are doing business from last 10 years, but there could be like in between there is a new competitor came and he's trying to pull out your business. 202 00:19:18,013 --> 00:19:24,893 So with this tool, you can define which will give you alert that maybe you are close to lose at business. 203 00:19:26,573 --> 00:19:31,933 or other way that you are having that much of opportunity, but you are right now not tapping. 204 00:19:33,413 --> 00:19:34,813 Another is a value proposition. 205 00:19:34,813 --> 00:19:35,933 I think that's very important. 206 00:19:35,933 --> 00:19:43,693 So with this tool also, when you talk about the CRM data, you know why you lost your business, why you are winning your business. 207 00:19:44,493 --> 00:19:48,173 Combining that, you can also define what is your Q value settings. 208 00:19:49,453 --> 00:19:55,773 So you have, I think, the AI tool available. 209 00:19:56,333 --> 00:20:06,653 I think this is giving you a set of information, but I think the best part is it works like your ChatGPT or maybe like cloud. 210 00:20:07,053 --> 00:20:15,373 But I think with sales data for any organization, the key challenge is very confidential data. 211 00:20:16,093 --> 00:20:25,133 I don't think any organization will allow you to take your sales data and put on the cloud or maybe copilot and look for data analysis. 212 00:20:27,053 --> 00:20:29,853 So that's one of the big challenges with the sales data. 213 00:20:30,093 --> 00:20:36,733 And this is here comes that you are creating your own ChatGPT or maybe Sales Cloud. 214 00:20:37,533 --> 00:20:38,413 I will go to that. 215 00:20:38,893 --> 00:20:40,733 So you have that. 216 00:20:40,813 --> 00:20:46,333 So if anything is not covered in your standard, you can ask a question and he can help to answer on that. 217 00:20:46,813 --> 00:20:49,613 So now if I go from starting, 218 00:20:50,253 --> 00:20:59,453 you have, suppose, a new business opportunity or you want to have the information, you put your input data, whatever you have, it will then go through this model. 219 00:21:00,013 --> 00:21:02,653 It will go to the AI model and provide you the output. 220 00:21:02,733 --> 00:21:10,173 If you are not satisfied with your output or if you need more information, I think you will write your question. 221 00:21:10,253 --> 00:21:11,373 It will go back again. 222 00:21:11,853 --> 00:21:14,893 It will go through this and then you will get the result. 223 00:21:20,733 --> 00:21:22,573 Any question on that before I move forward? 224 00:21:27,133 --> 00:21:37,533 Okay, so before I go to my next slide, maybe you will be thinking like if we can like see the model. 225 00:21:37,613 --> 00:21:39,533 Let me quickly show the model also. 226 00:21:58,413 --> 00:22:01,053 I like, this is not a real data. 227 00:22:01,453 --> 00:22:05,133 So, I think we cannot show the organization data. 228 00:22:05,133 --> 00:22:13,453 But what I did is I asked ChatGPT to generate a industry data for me. 229 00:22:14,173 --> 00:22:18,373 So this data, if you see, is based on the AI-created data. 230 00:22:18,413 --> 00:22:22,813 I took like a industry for electronics 231 00:22:23,613 --> 00:22:28,013 And I think the numbers which you are seeing may not be exactly the right. 232 00:22:28,253 --> 00:22:32,573 I think this is more what AI is predicting, but this is more to show the demo. 233 00:22:33,533 --> 00:22:41,373 So what I think we discussed till now is the pricing situation, the pricing challenge. 234 00:22:42,653 --> 00:22:44,093 Our price is not right. 235 00:22:44,093 --> 00:22:46,653 Sometimes we are underpriced, sometimes we are overpriced. 236 00:22:47,613 --> 00:22:49,533 And how do we make the prediction? 237 00:22:49,693 --> 00:22:51,053 I will quickly walk through that. 238 00:22:51,213 --> 00:22:53,053 So before I go to that, 239 00:22:53,693 --> 00:22:58,813 Let me look at the situation where you are our prize. 240 00:22:59,373 --> 00:23:06,333 I mean, you analyze, you lost some business, but why you lost that business? 241 00:23:07,293 --> 00:23:08,333 And what you can do? 242 00:23:08,893 --> 00:23:13,453 So this is a situation where I think your price is becoming a barrier. 243 00:23:14,893 --> 00:23:18,573 Here in this chart, if you see all these are your 244 00:23:20,333 --> 00:23:29,293 the price which you quoted for the opportunity, the red line, if you see, this is what this model is predicting that your price should be here. 245 00:23:29,933 --> 00:23:31,933 And the red line is showing the gap. 246 00:23:32,573 --> 00:23:37,133 So it's showing how much gap you have compared to your market price. 247 00:23:37,773 --> 00:23:43,653 So if I take an example here, like if I, and also like if you 248 00:23:43,733 --> 00:23:51,493 you see on the side, you can optimize your result based on, like, you want to know with a certain level of volume. 249 00:23:51,493 --> 00:23:55,213 Maybe you say, I want to know from 1000 to 5,000. 250 00:23:55,613 --> 00:24:05,053 I want to more specific know about Americas or Europe or other, or if it is how, is it for a customer, distribution customer, who is a customer? 251 00:24:05,613 --> 00:24:09,373 All this, you can optimize your model according to that. 252 00:24:10,093 --> 00:24:10,493 And 253 00:24:10,733 --> 00:24:13,373 At the bottom, you see, this is the number coming. 254 00:24:13,373 --> 00:24:19,213 Like if I say the quote price, this is right now the average price is taking. 255 00:24:19,533 --> 00:24:23,053 This is what the market price is coming, and this is coming the gap. 256 00:24:23,853 --> 00:24:43,393 So if I take an example here, overall industry, if I look at maybe last year, I think on an average, our quote price was $13, market price was 257 00:24:45,773 --> 00:24:46,573 close to $12. 258 00:24:46,573 --> 00:24:48,373 So there is a gap of $1.4. 259 00:24:49,213 --> 00:24:54,093 Because of that, we lost, I think, close to 12 million opportunity. 260 00:24:56,013 --> 00:25:03,613 But now you see, I think there are, in some cases, if you see the chart, some cases it is going down, it is going up. 261 00:25:04,093 --> 00:25:10,493 So what is indicating, sometime your price was low, still you lost the business. 262 00:25:11,213 --> 00:25:13,293 I think then it is a different analysis like 263 00:25:14,173 --> 00:25:22,173 your product was right fit, there was any other issue, there was any technical issue or service issue, but we are not going to discuss that today. 264 00:25:22,413 --> 00:25:25,453 I think what we are going to discuss is where you lost. 265 00:25:28,893 --> 00:25:40,333 So if you look at, I just put where we have the negative gap, and you can see that on an average you quoted 8.5 and the market price was 11.5. 266 00:25:40,373 --> 00:25:43,373 And because of this gap, you lost almost 5 million opportunity. 267 00:25:44,413 --> 00:25:56,413 Now you have next when you are going and I think trying for this new business, you have this information and according to that you can optimize your price. 268 00:25:56,973 --> 00:26:12,413 If you want to go more in detail, like suppose I want to go more specific maybe for medical field and for medical application for the connectors, you know for specifically for this product. 269 00:26:12,973 --> 00:26:21,613 So I think now you imagine if you do this level of calculation with a spreadsheet, how much time it will take. 270 00:26:30,463 --> 00:26:33,503 Next example I take just opposite of that. 271 00:26:33,903 --> 00:26:40,383 So we talked about where our price was high, market price was low, and we lost the business. 272 00:26:40,703 --> 00:26:42,863 Now let's talk about the opposite way. 273 00:26:43,663 --> 00:26:44,623 We win the business, 274 00:26:45,333 --> 00:26:51,053 The price was what we were thinking, we win at a good price, but are we? 275 00:26:52,173 --> 00:26:57,213 I think this will analyze that maybe next time when you go, you increase your price. 276 00:26:57,693 --> 00:27:00,733 I think you have the possibility to maybe improve your margin. 277 00:27:01,213 --> 00:27:02,493 And this is where it's showing. 278 00:27:02,493 --> 00:27:08,773 So again, the same thing, the good price, the market price, and wherever you see that this is showing, I think. 279 00:27:09,053 --> 00:27:10,573 For example, in this case, you're seeing 280 00:27:12,973 --> 00:27:20,973 9.4 million, you could have more revenue, which you just left on the table, because you quoted on the price. 281 00:27:21,373 --> 00:27:34,653 So here, I will not go in detail, but here I think the same thing, like if you see the green is your quote price, the blue is your market price, and in this case, the blue is higher than that, and the red is showing the gap. 282 00:27:35,053 --> 00:27:39,773 You can analyze, like if you want to go more in detail, maybe if, for example, 283 00:27:41,613 --> 00:27:45,733 I just want to see for North America. 284 00:27:47,213 --> 00:27:55,133 So you can see like how is for, it could be different for different reason or if you want to go very specific product. 285 00:27:59,213 --> 00:28:01,053 So you can know for that. 286 00:28:02,093 --> 00:28:10,253 Again, now when you're going for a new code, you can know that your price was good or you have some 287 00:28:10,653 --> 00:28:12,013 possibility to improve that. 288 00:28:12,653 --> 00:28:17,133 I think these two examples are, we are talking about what already happened. 289 00:28:18,093 --> 00:28:23,533 The next example is the future. 290 00:28:25,133 --> 00:28:37,773 So here you can, like now today, you need to submit a proposal for X customer, for X project. 291 00:28:38,493 --> 00:28:39,693 You can go to this tool, 292 00:28:40,413 --> 00:28:46,333 you can go and look at what is the opportunity about. 293 00:28:46,333 --> 00:29:04,893 So for example, if I take again for medical, if I take for connectors, I define my volume range, I would say like it is from 1000 to, for example, 8,000. 294 00:29:07,373 --> 00:29:07,933 It give you 295 00:29:08,813 --> 00:29:14,733 the band, like if you see at the top, you see the numbers, it's giving you, go and quote at $11. 296 00:29:16,253 --> 00:29:29,053 And that's your target price, but you have the range, like you can go up to lower, like this range, 10.11, and you can go by maximum. 297 00:29:29,453 --> 00:29:34,493 I think what it's indicating is like if you go more than that, you have very less chances to win the business. 298 00:29:44,173 --> 00:29:48,733 Yes, all this information is available in your organization today. 299 00:29:49,933 --> 00:30:01,613 So I'm not talking any of the data which is outside your organization because this is more product-specific or services-specific information. 300 00:30:04,093 --> 00:30:12,653 So now I think maybe one question can be, how do you know that this tool you have is giving you the right numbers? 301 00:30:13,293 --> 00:30:16,893 There are possibilities that it gives you a wrong number. 302 00:30:17,293 --> 00:30:24,493 You go with that and later on you realize, I think the tool is not giving you the right output. 303 00:30:25,213 --> 00:30:29,453 So how do you monitor or how do you check that? 304 00:30:29,693 --> 00:30:32,653 I think one is when you're developing this model, you test it. 305 00:30:33,493 --> 00:30:43,653 The another is like the blue area you will see, this is your current like sales point. 306 00:30:43,853 --> 00:30:46,893 And I would say this is a retained price, you can see. 307 00:30:48,173 --> 00:30:54,333 So it will give you the indication that the code you are having, it is giving the right information or not. 308 00:30:54,813 --> 00:31:00,013 And many of the time, retained price may be higher, may be lower, but you know the range. 309 00:31:01,133 --> 00:31:18,893 So this will help you, I think, what right now your salesperson is doing with all the spreadsheets, with Excel file, with manual calculations, everything you can do within a few seconds, and he can focus more on the customer relationship building. 310 00:31:19,693 --> 00:31:28,093 The last part I say here, like this, whatever he is showing, if you are not getting the information, you have this AI agent. 311 00:31:52,653 --> 00:32:00,173 And when I say this AI agent, it's not connected to ChatGPT or it is not connected to any of LLM. 312 00:32:01,133 --> 00:32:07,293 This is your within the organization data within your organization information. 313 00:32:07,293 --> 00:32:17,773 So I think you don't need to think about like the question I'm asking, it is good to ask a talk because nothing of this information is going outside of this. 314 00:32:18,453 --> 00:32:20,533 And sorry. 315 00:32:22,493 --> 00:32:31,413 So yes, and I'm not saying that I'm A Microsoft fan, but right now Microsoft is having a lot of options. 316 00:32:31,493 --> 00:32:35,533 So you can build in Copilot, you can build in Power BI. 317 00:32:37,293 --> 00:32:44,093 I think now the next level is Microsoft Fabrics, which is, I think, more advanced. 318 00:32:44,093 --> 00:32:46,893 You can do machine learning model, everything within that. 319 00:32:47,453 --> 00:32:50,333 So for example, let's take a demo here. 320 00:32:50,413 --> 00:33:00,733 If I ask a question like, give me an average win prize versus application. 321 00:33:06,703 --> 00:33:11,903 So you have the specific information, but maybe you want to go more in detail, it will give you. 322 00:33:12,063 --> 00:33:13,903 Maybe you said, no, I need more information. 323 00:33:13,903 --> 00:33:19,663 So you go now again, and if you ask that versus 324 00:33:23,293 --> 00:33:23,853 product. 325 00:33:27,533 --> 00:33:29,293 It gives you the next level. 326 00:33:29,293 --> 00:33:30,973 And if you say, okay, maybe. 327 00:33:48,653 --> 00:33:53,293 So you are getting all this information like within a few seconds. 328 00:33:56,493 --> 00:33:59,773 Any questions on this before we move to next portion? 329 00:34:00,253 --> 00:34:01,173 I think, yeah. 330 00:34:02,333 --> 00:34:03,693 So when you. 331 00:34:04,453 --> 00:34:09,213 let's say lost an opportunity in your CRM and identifies it as a lost opportunity. 332 00:34:09,773 --> 00:34:13,933 Is this model kind of assuming that the opportunity was only lost because of price? 333 00:34:13,933 --> 00:34:20,373 Or like is there any aspect of that where it's taking into account a perceived reason kind of why a sale was lost? 334 00:34:20,973 --> 00:34:22,133 Yeah, no, good question. 335 00:34:22,133 --> 00:34:31,373 So if I go quickly on this model here, and if I set my price gap, 336 00:34:32,093 --> 00:34:43,613 To positive, so if you see, I'm just going from zero to thirty-nine percent is showing that, sorry. 337 00:34:44,413 --> 00:34:45,453 I will go other way. 338 00:34:52,413 --> 00:34:55,293 So this is an example like we are seeing. 339 00:34:56,573 --> 00:35:03,613 You quoted $9, market price was $12, but you still lost that opportunity. 340 00:35:03,933 --> 00:35:07,133 And I think here comes the different thing. 341 00:35:09,453 --> 00:35:12,333 These opportunities you have not lost because of price. 342 00:35:13,213 --> 00:35:17,933 So here there is other reasons, and reasons could be anything. 343 00:35:18,653 --> 00:35:25,373 Maybe your product was not good or there was some service issue or any could be. 344 00:35:25,613 --> 00:35:29,453 But I think that's the next level of analysis you need to do. 345 00:35:29,453 --> 00:35:36,653 So when you only look for price, you can ignore this portion and you can only focus on where I think your price was high. 346 00:35:37,133 --> 00:35:44,173 But that's another I think set of analysis portion that you know where you even given the low price, I think you lost the business. 347 00:35:45,773 --> 00:35:47,453 I actually have one more question too. 348 00:35:48,813 --> 00:35:57,013 Regarding the market price, where are your kind of favorite maybe sources or ways to find kind of that data? 349 00:35:57,093 --> 00:36:07,133 Because that seems to be-- I always have an issue where I'm kind of hitting my token limits if I'm doing too much external research, trying to pull-- trying to scrape too much from the web. 350 00:36:07,133 --> 00:36:11,053 So I guess where do you typically maybe want to get your data from? 351 00:36:14,733 --> 00:36:25,933 So like here, what I'm showing the market price, this is based on your information available, like we talked about last five years, sales data. 352 00:36:26,413 --> 00:36:34,813 And market price is what your AI is giving you, based on the algorithm you have defined or based on the regression model you have defined. 353 00:36:36,013 --> 00:36:41,373 So I would say you have this information, all this 354 00:36:41,813 --> 00:36:42,413 available. 355 00:36:42,653 --> 00:36:43,933 Only thing is how to utilize. 356 00:36:43,933 --> 00:36:52,653 Definitely you can go and ask for from the market or from the competition, but most of the time you will not get that information easily. 357 00:36:53,293 --> 00:37:00,173 But here I think you can, based on the AI, you can define or you can generate what is the target or market price. 358 00:37:00,493 --> 00:37:02,653 So market price here is your AI price. 359 00:37:06,413 --> 00:37:06,733 Okay. 360 00:37:11,853 --> 00:37:18,413 So quickly, I think what this can, like the AI can help. 361 00:37:18,413 --> 00:37:22,093 I think the first thing is your profitability. 362 00:37:22,253 --> 00:37:28,493 So wherever you are under price or wherever you are losing business, you can win that. 363 00:37:28,573 --> 00:37:37,333 And on an average, I think based on the experience and based on the past calculation, you can improve your margin, I think more than 1%. 364 00:37:38,413 --> 00:37:46,173 Revenue side, I think more than 50% of your total business you're losing because of pricing issue. 365 00:37:46,653 --> 00:37:52,173 And if you correct that, you can, minimum, you can double your revenue. 366 00:37:53,293 --> 00:38:07,373 Sales productivity, I think as we discussed, on an average based on the survey, a salesperson, I think he is consuming more than 50% of his time in doing all this calculation, doing the administrative work, doing 367 00:38:07,853 --> 00:38:09,053 all this analysis. 368 00:38:10,013 --> 00:38:14,573 With this tool, I think you can reduce minimum 30% of his time. 369 00:38:14,973 --> 00:38:23,613 And this 30% of time, he can go talk to customer, build his relationship with them, find out more business prospect. 370 00:38:24,253 --> 00:38:36,573 And the last one is, like I said, you will not, like there will be, it's helping in the skill development and less dependency on external sources like 371 00:38:37,973 --> 00:38:46,493 external consultant or I think the external AI tools, you can build your tool within your organization and use that. 372 00:38:48,893 --> 00:38:49,133 Okay. 373 00:38:50,173 --> 00:38:53,213 So I think the problem is real. 374 00:38:53,853 --> 00:38:54,893 We have the data. 375 00:38:55,933 --> 00:38:57,133 This technology is proven. 376 00:38:57,533 --> 00:39:03,733 Now the question here is if we go first or our competition go first and take this advantage. 377 00:39:04,333 --> 00:39:07,293 So thank you everyone for joining this session. 378 00:39:08,493 --> 00:39:13,293 Please feel free if you want to go deep and dive of any of what I have presented. 379 00:39:15,013 --> 00:39:16,173 Let's open for the question. 380 00:39:16,173 --> 00:39:19,813 I don't know if we have time, but yeah, if you have any questions, please feel free to ask me.