Featured Research

from universities, journals, and other organizations

Professional Shoppers? First Computerized Negotiating Agents To Be Available By Christmas

Date:
August 5, 2009
Source:
University of Southampton
Summary:
Computerized agents which will negotiate the best online deals for buyers and sellers will be fully operational by the end of the year.

Computerised agents developed by a University of Southampton academic which will negotiate the best online deals for buyers and sellers will be fully operational by the end of the year.

Related Articles


Aroxo, a new and unique marketplace that helps buyers and sellers for products and services to negotiate with each other, has appointed Professor Nick Jennings, Professor of Computer Science at the University’s School of Electronics and Computer Science (ECS), as its Chief Scientific Officer.

Professor Jennings is now working with the company to provide computerised agents capable of entering into automated negotiations for buyers and sellers who use Aroxo.

'I am really excited about this since I have been saying for a long time that software agents will have a real place in our lives and now it’s really going to happen,’ said Professor Jennings. ‘These are algorithms that we have been working on in abstract for 20 years or so and now they are actually going to be used in commercial business on a large scale.’

According to Matt Rogers, Co-founder of Aroxo, the new automated system currently under development will provide the first two-way negotiation between buyer and seller online.

Matt said: ‘It’s going to be a Credit Crunch Christmas, so we’re working really hard to help families make the most of what they have. Buyers using Aroxo will be able to get a great deal and make their money go further, and our sellers get to grow their business when others are suffering.’

According to Aroxo, people are haggling more and more in shops; buyers show the shop the online price for an item and ask the retailer to beat it.

‘At the moment, online retailers can’t compete with this because they can’t negotiate with buyers to help them make a sale. Our system will enable sellers to use computerised agents to negotiate on their behalf while they get on with other things,’ said Matt. ‘All of Aroxo’s sellers are based in the UK, so this is really helping British buyers and sellers.’

The developers will make this service available initially online with plans to go on to offer it through mobile platforms.


Story Source:

The above story is based on materials provided by University of Southampton. Note: Materials may be edited for content and length.


Cite This Page:

University of Southampton. "Professional Shoppers? First Computerized Negotiating Agents To Be Available By Christmas." ScienceDaily. ScienceDaily, 5 August 2009. <www.sciencedaily.com/releases/2009/08/090805212356.htm>.
University of Southampton. (2009, August 5). Professional Shoppers? First Computerized Negotiating Agents To Be Available By Christmas. ScienceDaily. Retrieved March 6, 2015 from www.sciencedaily.com/releases/2009/08/090805212356.htm
University of Southampton. "Professional Shoppers? First Computerized Negotiating Agents To Be Available By Christmas." ScienceDaily. www.sciencedaily.com/releases/2009/08/090805212356.htm (accessed March 6, 2015).

Share This


More From ScienceDaily



More Computers & Math News

Friday, March 6, 2015

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

Star Wars Inspires Mobile Holograms

Star Wars Inspires Mobile Holograms

Reuters - Business Video Online (Mar. 6, 2015) 3D holograms could soon be coming to your mobile phone. Inspired by the famous Princess Leia hologram from Star Wars, a U.S. company is showcasing a prototype display at the Mobile World Congress at Barcelona and says it could be used for real-time video calls. Ivor Bennett reports Video provided by Reuters
Powered by NewsLook.com
Game Makers Lured Into Virtual Worlds

Game Makers Lured Into Virtual Worlds

AFP (Mar. 6, 2015) Some 25,000 people have descended upon San Francisco to show off the latest technologies and video games at the Game Developers Conference. Developers here discuss the future of the industry. Duration: 02:20. Video provided by AFP
Powered by NewsLook.com
Star Wars-Inspired Prototype Creates Holographic Display

Star Wars-Inspired Prototype Creates Holographic Display

Reuters - Innovations Video Online (Mar. 5, 2015) A prototype holographic display named Leia - after the Star Wars princess who appeared in holographic form asking Obi-Wan Kenobu for help - is demonstrated at the Mobile World Congress in Barcelona. Matthew Stock reports. Video provided by Reuters
Powered by NewsLook.com
IKEA and Samsung Launch Embedded Wireless Charging Range

IKEA and Samsung Launch Embedded Wireless Charging Range

Reuters - Innovations Video Online (Mar. 5, 2015) Samsung and IKEA hope their new embedded wireless charging products, launched at Barcelona&apos;s Mobile World Congress, will tempt consumers eager for plugless power. Jim Drury reports. Video provided by Reuters
Powered by NewsLook.com

Search ScienceDaily

Number of stories in archives: 140,361

Find with keyword(s):
Enter a keyword or phrase to search ScienceDaily for related topics and research stories.

Save/Print:
Share:

Breaking News:

Strange & Offbeat Stories


Space & Time

Matter & Energy

Computers & Math

In Other News

... from NewsDaily.com

Science News

Health News

Environment News

Technology News



Save/Print:
Share:

Free Subscriptions


Get the latest science news with ScienceDaily's free email newsletters, updated daily and weekly. Or view hourly updated newsfeeds in your RSS reader:

Get Social & Mobile


Keep up to date with the latest news from ScienceDaily via social networks and mobile apps:

Have Feedback?


Tell us what you think of ScienceDaily -- we welcome both positive and negative comments. Have any problems using the site? Questions?
Mobile: iPhone Android Web
Follow: Facebook Twitter Google+
Subscribe: RSS Feeds Email Newsletters
Latest Headlines Health & Medicine Mind & Brain Space & Time Matter & Energy Computers & Math Plants & Animals Earth & Climate Fossils & Ruins