Innovating frontiers: e-commerce, tech and automotive industries | Boris Zhukov | TEDxRaleigh

Static inventory, lack of consumer price controls to set their own prices with instant results within a rapidly digitalized economy are stale industry doctrines that are being challenged by Boris and his colleagues. Boris and his team invented mathematical models to solve these complex supply and demand mapping problems and change the optics of the automotive industry to focus on buyers rather than chasing leads. As a result buyers call the shots by submitting their own prices with instant results; while, dealers engage in profit maximizing strategies by anonymously discounting their inventory.
Boris is an applied economist, the CEO of LetYouKnow and a former Assistant Professor at Ball State University. In his dissertation and research work he specialized in regression-based models and price imputation methods. Boris is credited as one of the inventors of the LetYouKnow patent (System and Method of Matching Reverse Auction Buyer Bids to Seller Offers) and uses parametric and non-parametric estimation techniques in designing next generation buyer-to-seller matching models.
Boris is an applied economist, the CEO of LetYouKnow and a former Assistant Professor at Ball State University. In his dissertation and research work he specialized in regression-based models and price imputation methods. Boris is credited as one of the inventors of the LetYouKnow patent (System and Method of Matching Reverse Auction Buyer Bids to Seller Offers) and uses parametric and non-parametric estimation techniques in designing next generation buyer-to-seller matching models. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at www.ted.com/tedx

[@usmanhaseeb4591]

Thank you for explaining the reasons behind the turmoil of automotive industry. You have come with the idea that can empower buyers and sellers both at the same time.

[@boriszhukov3174]

Bingo! We'll cont working hard to empower both consumers & businesses to strike instant, win-win deals! Thank you! 👊

[@letyouknowinc.7707]

You made our day by validating that our hard work to empower consumers & keep them in the e-KNOW has been appreciated & found to be useful by smart people like you! Thank you so much & please stay tuned for more news!

[@boriszhukov3174]

LetYouKnow = Innovators! Let's go world!

[@letyouknowinc.7707]

We work hard to empower people to place transactions on their terms!

[@sergiiostapenko1578]

Brilliant! Let's push the frontiers of e-commerce!!!

[@boriszhukov3174]

Absolutely! 👊

[@letyouknowinc.7707]

❤this! Right on!!!

[@larisazhukova5298]

Excellent speech! Let’s get those price negotiations across all of the USA!

[@boriszhukov3174]

Love it! Let's go!

[@letyouknowinc.7707]

We have more and more dealers joining our network, so people should soon be able to price bid on most if not all of their fav cars!

[@danielbarker7986]

What a great idea. I. believe this company will take off. Who doesn't want a great deal.

[@boriszhukov3174]

We're starting a movement! Deals on my terms! 👊

[@letyouknowinc.7707]

We wholeheartedly agree!!!

[@audreymcfetridge9852]

What a great speaker. And good ideas.

[@letyouknowinc.7707]

Thank you so much for your amazing comment! We work hard to empower people to name prices w/ instant results!

[@boriszhukov3174]

Thank you and 👊

[@10xUnicorn]

Great speech, love the idea! Can't wait to see this explode!

[@letyouknowinc.7707]

Absolutely! Please feel free to follow LetYouKnow on all your fav social media channels for our updates, deals & promos!

[@boriszhukov3174]

Respect! 👊

[@chuckleblo771]

"Poof" Blowing my mind! I love it!

[@boriszhukov3174]

There's a lot more to come Chuck! Stay tuned for more developments on our highly innovative marketplace LetYouKnow! Thank you! 👊

[@letyouknowinc.7707]

We ❤brilliant people like you Chuck! Thank you!

[@aaronbentley5469]

Innovative ideas, sounds like a win win for all involved!

[@boriszhukov3174]

Totally agreed Aaron! 👊

[@letyouknowinc.7707]

We can't agree w/ you more Aaron! Well said and thank you!

[@champj117]

Excellent. I love how innovative this is. You’re not just empowering the buyers but the sellers also get to win in this situation as well. Keep being awesome

[@boriszhukov3174]

Bingo!!! On 👉

[@letyouknowinc.7707]

❤

[@dwightschweiger7348]

This is great Boris, I found it to be very insightful!

[@boriszhukov3174]

You're da man Dwight! You truly made my evening! Thank you! 👊

[@letyouknowinc.7707]

Thank you^infinity Dwight!!! Our team is working uber hard to push frontiers of what's possible to empower people!

[@aaronshao5509]

Excellent presentation. Innovative idea.

[@letyouknowinc.7707]

Absolutely + a very hard working team that cares about both buyers and dealers!

[@boriszhukov3174]

👊

[@10xUnicorn]

Most vehicle purchase negotiations are a terrible experience in the USA... I love how you're solving this problem!

[@boriszhukov3174]

Well said! Our whole team is working hard to add more & more franchise dealerships to our network to empower people to call the shots, so they can bid to get their own deals on the fly! Thank you!!! 👊

[@letyouknowinc.7707]

Thank you!!! 💪

[@Grusnika]

Imagine you can buy all the stuff you need using that algo! Wow!

[@boriszhukov3174]

Math is so powerful to help people get deals on their terms!

[@letyouknowinc.7707]

Bingo! Thank you for your thoughtful comment!!!

[@owolabiadeyemi1606]

I enjoyed the lecture,painful we are far from this innovation here in Nigeria

[@boriszhukov3174]

We'll get there to do great things in your country Owolabi! 👊

[@letyouknowinc.7707]

Owolabi, our team will be relentless in our efforts to bring the e-commerce revolution to Nigeria and other countries around the world! Thank you!

[@leezagordon9378]

Seems to be a win win solutions.

[@bubbly1023]

What an incredible speech! You are making a big difference!

[@letyouknowinc.7707]

This is so inspiring! Thank you!!!

[@boriszhukov3174]

Merci^infinity!

[@thesistersthree3859]

Amazing talk! Inspiring, honest and nicely outlining the clear and disruptive car marketplace model! Very real. Will be big in time!

[@letyouknowinc.7707]

Absolutely!!! Thank you!

[@boriszhukov3174]

👊

[@sanskritipandey8693]

Super interesting!!!!!!

[@boriszhukov3174]

Very! Stay tuned for more to come! Thank you so much!

[@letyouknowinc.7707]

Thank you Sanskriti! Our team is working uber hard for the greater good of humanity to make deals accessible to people w/ just a few taps/clicks!

[@americanaccentcoach]

Interesting talk, thanks for this!

[@boriszhukov3174]

👊

[@letyouknowinc.7707]

Our entire team is grateful to you! 🙏

[@KMWC]

Excellent talk ... Delivering extremely innovative ideas and filled with excellent information. 👏👏👏

[@boriszhukov3174]

So on point Karen! Thank you^infinity! 👊

[@letyouknowinc.7707]

Our team is so happy you enjoyed our TEDx talk, as we're working hard to empower people to get deals on their own terms! Thank you Karen!

[@lindak268]

Exciting!

[@letyouknowinc.7707]

The age of innovation and empowerment is upon us!

[@boriszhukov3174]

Very!!!

[@margoharian5220]

Brilliant! Amazing talk and presentation!

[@boriszhukov3174]

(Thank you)^infinity! 👊

[@letyouknowinc.7707]

Love it! Thank you for your kind words Mar!!!

[@AndreaSamadi]

Incredible talk/innovative ideas and thinking. Well done. 🙌🙌 love the running analogy where you can go far without your wallet. Times are always changing

[@boriszhukov3174]

Wow! Spot on Andrea about changing times and the dynamic nature of our lives! ❤️ brilliant people! 👊

[@letyouknowinc.7707]

Very thoughtful! Thank you Andrea!!!

[@mancient]

This is very interesting, Boris. Thank you for the message making me aware of your talk.

[@boriszhukov3174]

Thank you! 👊

[@letyouknowinc.7707]

We agree, as our platform is highly innovative and empowering! Many thanks to you from our entire team!

[@alishabee369]

Epic work. Great presentation.

[@boriszhukov3174]

There's so much more to come! Stay tuned and thank you Alisha so much!

[@letyouknowinc.7707]

Our team works so hard and we're stoked to see how much that hard work is appreciated by smart people like you Alisha!

[@boriszhukov3174]

Absolutely!

[@mr.sunilkumar3310]

Brilliant 👏 explanation, Broice 🎉

[@boriszhukov3174]

Thank you so much!!! 👊

[@letyouknowinc.7707]

Thank you!!!

[@letyouknowinc.7707]

LetYouKnow is proud to give a talk on TEDx and be recognized as an innovator in matching methods to empower people to call the shots by submitting price bids w/ instant results!

[@boriszhukov3174]

Absolutely!

[@shwetarautela3722]

That's incredible 👏

[@boriszhukov3174]

Thank you!!! 👊

[@letyouknowinc.7707]

❤

[@luwandafisher3071]

Hello from Michigan 😮❤😊

[@boriszhukov3174]

👋 back at ya Luwanda! Thank you so much & have a great weekend! 👊

[@letyouknowinc.7707]

Thank you Luwanda for checking out our TEDx talk! 😊

[@Shryanshusingh-rz9jz]

It's really informative 💯

[@boriszhukov3174]

👊

[@boriszhukov3174]

Stay tuned for more news as our team empowers consumers to get deals on their terms not just on new cars, but across a myriad of new goods & services! 💪

[@letyouknowinc.7707]

Thank you Shryanshu!

[@JoeDalton]

Well done

[@boriszhukov3174]

Thank you so much Joe! Your support means a lot to our entire LetYouKnow team! Respect! 👊

[@letyouknowinc.7707]

Thank you!

[@shamiulalam6710]

Awesome

[@boriszhukov3174]

Thank you so much! 👊

[@letyouknowinc.7707]

Thank you Shamiul! Our team is working very hard to innovate and empower people to do more today than what they could do yesterday!

[@letyouknowinc.7707]

🔥We're about to release buyer apps! Stay tuned!!!

[@boriszhukov3174]

This is huge to empower buyers to price bid w/ instant results!

[@letyouknowinc.7707]

We ♥ our customers!

[@letyouknowinc.7707]

Both iOS and Android apps have been released!!! Get yours today to bid on new cars!

[@boriszhukov3174]

❤️ this!

[@letyouknowinc.7707]

@@boriszhukov3174, we're about to release Dealer/Seller apps!!! 😊

[@lindak268]

"I'm like a DJ!" 🤣🤣 No, no you're not! Stick to your day job...

[@boriszhukov3174]

🤣

[@letyouknowinc.7707]

😂