What is 'usage data' in SAP IS-PSI - SAP Convergent Pricing Simulation?

usage data - Overview

• Component: IS-PSI

• Component Name: SAP Convergent Pricing Simulation

• Description: Data basis that is used to rate tariffs and tariff variants for a service provider. Usage data can either be actual historical usage data or usage data that is modeled on the basis of assumptions about a tariff's market adoption or customer usage behavior.

usage data - Details

• 
  Key Concepts: 
  Usage data is a type of data collected by the IS-PSI SAP Convergent Pricing Simulation component. It is used to track and analyze customer usage of products and services, such as how often they use them, how long they use them, and what features they use. This data can be used to inform pricing decisions and optimize customer experience. 
  How to Use It: 
  The IS-PSI SAP Convergent Pricing Simulation component collects usage data from customers and stores it in a database. This data can then be used to analyze customer behavior and inform pricing decisions. For example, usage data can be used to identify which features customers are using most often, which can help determine the optimal pricing for those features. 
  
  Tips & Tricks: 
  When collecting usage data, it is important to ensure that the data is accurate and up-to-date. This can be done by regularly checking the database for any discrepancies or outdated information. Additionally, it is important to ensure that the data is secure and protected from unauthorized access. 
  
  Related Information: 
  Usage data can also be used to identify customer trends and preferences, which can help inform product development decisions. Additionally, usage data can be used to identify potential opportunities for cross-selling or upselling products or services.