Assessing probability of winning an in-flight deal for different price points
First Claim
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1. A method comprising:
- receiving, at a prediction engine operating on a server device, information relating to a service deal that a service provider is bidding on from a database maintained on a storage device, wherein the service deal comprises a hierarchy of services comprising multiple levels of service, the information relating to the service deal comprises a set of price points, metadata, and a set of baseline values for a highest level of service included in the hierarchy of services, each price point is a potential bidding price for the service deal that the service provider may offer during the bidding, the metadata comprises information relating to one or more other service providers bidding on the same service deal, and the set of baseline values comprises, for each service included in the highest level of service, a corresponding amount of the service the service provider will provide; and
for each price point of the set of price points, predicting, via the prediction engine, a probability of the service provider winning the bidding at the price point based on a predictive analytics model trained by the prediction engine and the information relating to the service deal;
wherein the predicting comprises top-down pricing of the service deal, and the top-down pricing comprises determining a cost and price of each service included in the highest level of service, and determining a total cost and total price of the service deal based on each cost and price of each service determined.
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Abstract
One embodiment provides a method for assessing probability of winning an in-flight deal. The method comprises receiving information for the in-flight deal. The information for the in-flight deal comprises a set of price points for the in-flight deal and metadata relating to the in-flight deal. The method further comprises, for each price point of the set of price points, predicting a probability of winning the in-flight deal at the price point based on a predictive analytics model.
83 Citations
20 Claims
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1. A method comprising:
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receiving, at a prediction engine operating on a server device, information relating to a service deal that a service provider is bidding on from a database maintained on a storage device, wherein the service deal comprises a hierarchy of services comprising multiple levels of service, the information relating to the service deal comprises a set of price points, metadata, and a set of baseline values for a highest level of service included in the hierarchy of services, each price point is a potential bidding price for the service deal that the service provider may offer during the bidding, the metadata comprises information relating to one or more other service providers bidding on the same service deal, and the set of baseline values comprises, for each service included in the highest level of service, a corresponding amount of the service the service provider will provide; and for each price point of the set of price points, predicting, via the prediction engine, a probability of the service provider winning the bidding at the price point based on a predictive analytics model trained by the prediction engine and the information relating to the service deal; wherein the predicting comprises top-down pricing of the service deal, and the top-down pricing comprises determining a cost and price of each service included in the highest level of service, and determining a total cost and total price of the service deal based on each cost and price of each service determined. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A system comprising a computer processor, a computer-readable hardware storage device, and program code embodied with the computer-readable hardware storage device for execution by the computer processor to implement a method comprising:
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receiving, at a prediction engine operating on a server device, information relating to a service deal that a service provider is bidding on from a database maintained on a storage device, wherein the service deal comprises a hierarchy of services comprising multiple levels of service, the information relating to the service deal comprises a set of price points, metadata, and a set of baseline values for a highest level of service included in the hierarchy of services, each price point is a potential bidding price for the service deal that the service provider may offer during the bidding, the metadata comprises information relating to one or more other service providers bidding on the same service deal, and the set of baseline values comprises, for each service included in the highest level of service, a corresponding amount of the service the service provider will provide; and for each price point of the set of price points, predicting, via the prediction engine, a probability of the service provider winning the bidding at the price point based on a predictive analytics model trained by the prediction engine and the information relating to the service deal; wherein the predicting comprises top-down pricing of the service deal, and the top-down pricing comprises determining a cost and price of each service included in the highest level of service, and determining a total cost and total price of the service deal based on each cost and price of each service determined. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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15. A non-transitory computer program product comprising a computer-readable hardware storage device having program code embodied therewith, the program code being executable by a computer to implement a method comprising:
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receiving, at a prediction engine operating on a server device, information relating to a service deal that a service provider is bidding on from a database maintained on a storage device, wherein the service deal comprises a hierarchy of services comprising multiple levels of service, the information relating to the service deal comprises a set of price points, metadata, and a set of baseline values for a highest level of service included in the hierarchy of services, each price point is a potential bidding price for the service deal that the service provider may offer during the bidding, the metadata comprises information relating to one or more other service providers bidding on the same service deal, and the set of baseline values comprises, for each service included in the highest level of service, a corresponding amount of the service the service provider will provide; and for each price point of the set of price points, predicting, via the prediction engine, a probability of the service provider winning the bidding at the price point based on a predictive analytics model trained by the prediction engine and the information relating to the service deal; wherein the predicting comprises top-down pricing of the service deal, and the top-down pricing comprises determining a cost and price of each service included in the highest level of service, and determining a total cost and total price of the service deal based on each cost and price of each service determined. - View Dependent Claims (16, 17, 18, 19, 20)
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Specification