FrankPrix.ai
As consumers, we all deserve to get transparency and through analysis on prices at which products and services are offered to us. FrankPrix.ai is being built exactly for this purpose, to ensure that offers are frank to us so that we could make informed choices.
Artificial intelligence now promises access to information in ways that were not available before. This poses an opportunity to get frank information on how prices build up, thanks to the increasing capabilities of artificial intelligence.
Here is an example of what you can soon do with FrankPrix.ai: You could simply ask the tool to give you the frank pricing information on a specific product, such as a carton of milk at a specific location, such as in New York:
Then FrankPrix.ai will provide the through analysis of how the final price builds up, such as:
| Component | Share (%) | Amount (USD) |
|---|---|---|
| Farming (Raw Milk) | 50 – 65 | 2.50 – 3.575 |
| Processing & Packaging | 20 – 25 | 1.00 – 1.375 |
| Logistics | 5 – 10 | 0.25 – 0.55 |
| Retail & Brand Margin | 10 – 25 | 0.50 – 1.375 |
| Final Price | 5.00 – 5.50 |