Digital Pricing Strategy

Stephan M. Liozu is the founder of Value Innoruption Advisors, a consulting boutique specializing in value-based pricing, monetization strategies, and digital pricing. Stephan sits on the Advisory Board of LeveragePoint Innovation and the Professional Pricing Society. He is the author of multiple books about pricing, including Pricing and Human Capital (2015), and co-editor of Innovation in Pricing (2012), The ROI of Pricing (2014), and Pricing and the Sales Force (2015).Andreas Hinterhuber is an associate professor at the Department of Management at Università Ca' Foscari Venezia, Italy, and is an equity partner at Hinterhuber & Partners, a consulting company specializing in pricing based in Innsbruck, Austria. He has published articles in leading journals including the Journal of Business Research and MIT Sloan Management Review, and has edited many books on pricing, including Innovation in Pricing (2012), The ROI of Pricing (2014), Pricing and the Sales Force (2016), and Value First then Price (2017).

• Table of ContentsIntroductionSection 1: Digital PricingChapter 1: The Essential Ingredient for More Effective Digital Pricing: ValueChapter 2: Publish Your PricesChapter 3: Dynamic Pricing Process: How to Transition from Fixed to Dynamic Pricing?Chapter 4: Realizing Your Monetization Potential Needs Customer Value ManagementChapter 5: Measure and Quantify the Value of Your Digital SolutionSection 2: Software and Subscription-Based PricingChapter 6: Price Increase for Discounted Customers in SaaS: Pricing Research Description and Success StoryChapter 7: SaaS Pricing: From Subscriptions to Usage-Based Pricing ModelsChapter 8: The Digital Pricing Framework: Best Practices in B2B Pricing and Offer DesignChapter 9: Tapping into the Subscriber Psychology with Good-Better-Best: Is There an Optimal Ratio Between Tiers?Chapter 10: Value-Based Pricing of Smart-Product-Service Offerings in the Manufacturing IndustryChapter 11: Price Sensitivity Meter and Conjoint Analysis as Tools to Set Your Industrial Subscription PricingSection 3: The Value and Pricing of DataChapter 12: Overcoming Real-World Challenges in B2B Digital Pricing TransformationChapter 13: Holistic Approach to Market Segmentation of Industrial Smart Services: What Is the True Value of Data?Chapter 14: Three Considerations for Data Monetization and Value Creation in the Digital AgeChapter 15: The Economics of AI: How to Shift Data Projects from Cost to Revenue CenterChapter 16: The Pricing of Data: An Interview with Jian Pei, Simon Fraser UniversitySection 4: The Pricing of Platforms and MarketplaceChapter 17: Marketplace Monetization MethodsChapter 18: The Monetization of Marketplaces and Platforms in the Context of Web 3.0Chapter 19: Pricing in Platforms and Marketplaces: A Primer in Understanding All the Dimensions of the Pricing Problem and Opportunity in Marketplace-PlatformsChapter 20: Online Pricing ExperimentationSection 5: Pricing and Artificial IntelligenceChapter 21: AI and Its Impact on Pricing TechnologyChapter 22: Why AI Transformations Should Start with PricingChapter 23: Digitization of the B2B Pricing—A Fundamental Shift RequiredChapter 24: Value-Based Offers Assisted by Artificial IntelligenceChapter 25: Digital Transformation: How to Convert a Buzzword into Real Bottom-Line Value

'The "must read" book for the C-level and executives, combining theories and best practices and providing practical considerations and guidance on how to drive digital transformation successfully.'Jens Pfennig, Global Head of Pricing & Business Operations, Software AG'This book reinforces the message I have been spreading for many years—that digital innovations and data-driven opportunities need to be monetized and priced the right way! Data, analytics, and AI without a value mindset bring organizations no benefits.'Bill Schmarzo, Dean of Big Data and author of The Economics of Data, Analytics, and Digital Transformation: The Theorems, Laws, and Empowerments to Guide Your Organization’s Digital Transformation'Pricing is a matter of life and death in the digital age. Digital transformation changes business models; it should also change pricing. This book is a trailblazer that has managed to bring together the knowledge of leading experts in highly relevant areas such as value-based pricing, the value of data, and artificial intelligence in pricing. A must-read for both service providers and service buyers to reach win-win.'Ari Hirvonen, Chief Digital Officer, University of Jyväskylä, President of Finnish Universities CIO Network'This well-rounded book features a wealth of information and thought-leader expertise on all the digital pricing challenges your organization will face. By focusing on monetization, new business strategies, data projects, and real-world challenges, Digital Pricing Strategy: Capturing Value from Digital Innovations will give you and your team a blueprint for success for today and times ahead. Liozu and Hinterhuber have assembled a great roster of collaborators here to help guide companies forward.'Kevin Mitchell, President of the Professional Pricing Society