A.I. Auctioneer(Beta)
Combine the auctioneer’s personality with machine learning
for an unprecedented artificial intelligence experience
See Our Solution In Action
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The auctioneer is often compared to a conductor of an orchestra, maintaining the tempo of the event and synchronizing all performers to produce perfect harmony and performance.
We all agree there is no substitute for a LIVE Auction and an auctioneer is a key component of the sale, but what if you could keep the showmanship without the massive cost?
A medium size auction with 4-5 lanes can spend as much as $28,800 each month on auctioneer and the ringman for just 4 events at 3 hours each.
This is often more than the entire back office salary for the entire month. The hourly rate comes to $600 per hour.
Auction Streaming has been developing for IOT and machine learning for the past 4 years, focusing on automation in displacing costly or menial repetitive tasks with software workflow or robotics.
Hence, we have developed the revolutionary A.I. Auctioneer (Beta) that combines the auctioneer’s personality with machine learning for an unprecedented artificial intelligence experience.
How it works
The A.I. Auctioneer behaves much like the human auctioneer with nearly all the speech track and charisma but never tires out, never needs a break and loses focus of its purpose to engage, sell and entertain.
It will call out to every buyer in-lane and on-line and remembers their buying habits, watchlist choices, history purchases, utilizing all parameters to improve the experience. Vehicles in high demand and frequent bidders will be extended for higher sales results and lower participation or stalled vehicles will be rapidly closed out or set to re-run later in the day.
The A.I. Auctioneer will determine the optimal staring bid based on the on-line / in-lane buyers present and “pepper” its speech with context to maintain the rhythm and encourage participation.
A.I. Auctioneer monitors the actual bidding intervals and frequency and will adapt its chant to the pace of the auction. Mimicking the human auctioneer the A.I. Auctioneer instantly decides the best message to broadcast and measures the response time to increment the bid.
A.I. Auctioneer is a tireless alternative to a human auctioneer for tremendous savings that will only get better as time goes by. With each sales event the machine learning algorithm trains itself to improve its monolog and eliminate errors often occurring with human intervention.
The Benefits for Auctions:
- Fast: Millisecond decision making and self-adjusting speech algorithm
- Cost-Saving: Reduces the need for auctioneer and ringman
- Predictive: Controlled A.I. Auctioneer’s speech and database scenarios
- Multilingual: Customized user specific language deliver system
- Nongender: Lane, Seller, Vehicle specific gender voice option
- Machine Learning: Continuous adaptation to buyers’ input
- Tireless: Never tired, sick, complain or absent
- Oversights: No more phantom bids, fake or missed bids, no shenanigans
- Timed: Time conscious and monitoring with alert announcements
It’s new and uncharted but It’s HERE, with the promise of time changing improvements with every indicator that technology will progress the buyer and seller experience at the auction and online.
Call us to see how it works and join the range of Beta users already participating. Look forward to selling for you.
See Our Solution In Action
No Solicitation Policy