Auctionomics Looks To Bring New Layers Of Flexibility And Control To Online Auctions
Summary
The company has built a powerful backend SaaS solution that allows websites to conduct complex auctions, where the criteria involved are more complicated than simply determining the highest bidder for an item. It’s a bit confusing, but fortunately end users won’t have to deal with the intricacies of how the auctions run – they’ll just find that they have more of a choice when they’re bidding on items on the web. Instead of having to simply sort by price, the engine would allow the user to enter more complex requests using conditional statements, submitting multiple bids at the same time. This all sounds pretty complicated (and it is), but co-founder Dr. Silvia Console-Battilana says the services that eventually implement the technology will be able to simplify the choices that users are exposed to. While Auctionomics is not currently powering any public sites, the company is in discussions with a number of possible partners to implement its technology (though it sounds like it may be a while before any of them go live).
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