A.I. Auctioneer: Charisma Combined With Machine Intelligence
Introducing our new revolutionary auction management software developed to achieve mutually beneficial cooperation between auto auctions and dealers: Auction Streaming’s Artificially Intelligent Auctioneer.
Software that Brings Tremendous Savings
The auctioneer plays a key role in orchestrating the sale event and keeping the right pace during an auction while creating a sense of urgency and getting people engaged in bidding. However, hiring this kind of an expert can cost an auction owner a lot of money.
The services of a professional auctioneer can be up to $1,500 per lane per event. For a four-lane event that happens once a week, the monthly cost can be up to $24,000.
At Auction Streaming, we have turned our decades of experience into providing auction management software that allows the auction owners to reduce or even eliminate the costs involved. Our revolutionary human-like A.I. Auctioneer combines the charisma of a person with artificial intelligence.
How it Works
Once the auction starts, the A.I. Auctioneer goes through the range of bids set by the bidders, whether online or in-lane. The system will determine which vehicles get the highest number of bids and which ones are stalled. Vehicles in high demand and frequent bidders will have extended periods for higher sales results, whereas any lower participation or stalled vehicles will be rapidly closed out or set to re-run later in the day.
Throughout the process, the A.I. Auctioneer will call for bidders to maintain the rhythm and encourage people to participate.
The system will monitor the timing between the actual bidding and will adapt its chant to the pace of the auction. Similar to what a traditional auctioneer does, the A.I. Auctioneer decides what message to announce and how fast to declare it depending on the response time and various increments.
Our system is capable of conducting the sale event as smoothly as the traditional qualified auctioneer would do, just at a much lower price. The A.I. Auctioneer significantly reduces any human-related mistakes or unplanned downtime during an auction.
The Benefits for Auctions:
- Fast: A sequence of logic instructions that happen in milliseconds
- Cost-effective: Instead of having an auctioneer, thus reducing labor expenditures.
- Predictive: All possible auction scenarios are within the A.I. Auctioneer’s database
- Multilingual and Without Gender Distinction: Can be customized for any specific audience
- Human-like: An auctioneer’s personality is included in the software
- Tireless: A machine rarely needs a break
Our auction management software drives the industry forward and facilitates the process of buying and selling vehicles both at the physical auctions and online marketplaces.
Contact us here or on the Auction Streaming website for more details.
