NexusEvent: Dynamic AI-Powered Event Pricing

A niche event management system that leverages AI to dynamically price tickets based on real-time demand, sentiment analysis from social media, and historical event data.

Inspired by the dynamic pricing strategies seen in e-commerce and the cautionary undertones of 'Nightfall' regarding algorithmic control, 'NexusEvent' aims to revolutionize event ticketing. Much like the cityscapes of 'Blade Runner' are ever-shifting and responsive, this system will adapt to the fluid nature of event popularity. The core concept is to move away from static ticket pricing to a more intelligent, responsive model. How it works: Users (event organizers) input basic event details. NexusEvent then scrapes publicly available social media for sentiment and buzz related to the event or similar events, analyzes historical attendance and pricing data for comparable events (acting as a 'Blade Runner' replicant analyst, searching for patterns), and monitors real-time ticket sales. An AI algorithm then suggests optimal pricing tiers, which can be automatically adjusted or reviewed by the organizer. This allows for capturing maximum revenue during high demand periods and stimulating sales during slower times, offering a unique niche for smaller organizers who may not have the resources for sophisticated pricing analysis. The low-cost implementation comes from leveraging existing scraping libraries and open-source AI models. The high earning potential lies in the increased revenue for event organizers through optimized pricing, with the platform taking a small percentage of ticket sales or a subscription fee.

Project Details

Area: Event Management Systems Method: E-Commerce Pricing Inspiration (Book): Nightfall - Isaac Asimov & Robert Silverberg Inspiration (Film): Blade Runner (1982) - Ridley Scott