Autonomous negotiation agents are particularly at home in the fields of artificial intelligence, digital marketplaces and automation. They are computer programmes that can conduct price and contract negotiations independently - without any human intervention. This means that these agents use predefined goals, rules and strategies to act in the interests of their user and react flexibly to changes in the market.
Imagine, for example, a digital marketplace for raw materials. This is where companies buy materials for production. An autonomous negotiation agent could automatically obtain offers for a company, compare them, negotiate with several suppliers at the same time and present the best results to the person responsible - around the clock, even when you are asleep.
The big plus: autonomous negotiation agents save time, reduce costs and can quickly filter out the best offers even in complex markets. This gives you a competitive edge because you can negotiate faster and often even better than a human could alone. These intelligent systems offer real added value, especially in purchasing, trading or auctions.
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