Judy Bayer

Title: Judy Bayer - Innovator in Retail Pricing Optimization

Introduction

Judy Bayer is a notable inventor based in London, GB. She has made significant contributions to the field of retail pricing through her innovative patent. Her work focuses on optimizing pricing strategies for retailers, which can greatly enhance their profitability.

Latest Patents

Judy Bayer holds a patent for an "Opportunity matrix for use with methods and systems for determining optimal pricing of retail products." This invention involves a data warehouse system that analyzes historical sales and product data to determine the best pricing strategies for a retailer. The application evaluates an opportunity score for multiple products, indicating the potential benefits of changing product prices. Additionally, it assesses an ability to change score, which reflects the potential risks of lost sales from price adjustments. The results are visually represented in a scatter plot graph, allowing retailers to easily identify favorable pricing opportunities.

Career Highlights

Judy Bayer is associated with Teradata US, Inc., where she applies her expertise in data analysis and pricing optimization. Her innovative approach has positioned her as a key player in the retail technology sector. With her patent, she has contributed to the advancement of data-driven decision-making in pricing strategies.

Collaborations

Judy has collaborated with notable colleagues such as Paul M Cereghini and Enrico Galimberti. Their combined efforts in the field of data analysis and retail optimization have further enhanced the impact of their work.

Conclusion

Judy Bayer's contributions to retail pricing optimization through her innovative patent demonstrate her expertise and commitment to enhancing business strategies. Her work continues to influence the retail industry positively.