MUMBAI, India, July 7 -- Intellectual Property India has published a patent application (202441103553 A) filed by Dr. Niranjan L; Dr. Sam Gilvine Samuvel; C Santhanakrishnan; M Ramya; Dr. S. Rabindranath; Dr. Doddegowda B J; Pallavi Kv; and Cmr Institute Of Technology on December 27, 2024, for Dynamic Ai-Powered Smart Pricing System With Raspberry Pi For Retail Optimization.
Inventors include Dr. Niranjan L; Dr. Sam Gilvine Samuvel; C Santhanakrishnan; M Ramya; Dr. S. Rabindranath; Dr. Doddegowda B J; Pallavi Kv; and Cmr Institute Of Technology.
The application for the patent was published on July 03, 2026, under issue no. 27/2026.
Abstract: A dynamic, AI-powered smart pricing system utilizing Raspberry Pi to optimize retail pricing strategies in real-time. The system integrates advanced machine learning algorithms with cost-effective hardware to analyze data from inventory levels, sales trends, customer behavior, and competitor pricing. By processing this data, it dynamically adjusts product prices displayed on digital labels or electronic shelf tags, ensuring competitive and demand-responsive pricing. Raspberry Pi functions as the central processing unit, connecting with sensors, digital displays, and cloud databases for smooth and efficient operation. Designed for scalability and affordability, this system is ideal for small and medium-sized retailers, offering real-time insights, automated price updates, and reduced manual intervention. It enhances inventory management, improves customer engagement, and enables retailers to stay agile in dynamic market environments.
Disclaimer: Curated by HT Syndication.
