I'm part of a retail chain looking to improve pricing strategies using machine learning. Should we hire consultants or try to build a team internally? How can we evaluate the potential ROI of such a project before committing resources?

For projects like yours, starting with data science consulting can save time and effort. We used consultants to implement dynamic pricing for our retail business. They efficiently deployed machine learning models and tested them on a small scale before scaling, which made it easier to measure ROI. Their expertise ensured we avoided costly mistakes.