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How Ecommerce Can Benefit from Data Sharing and Big Data Thanks to Aizeus

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Words: 969 |

Pages: 2|

5 min read

Updated: 16 November, 2024

Words: 969|Pages: 2|5 min read

Updated: 16 November, 2024

Table of contents

  1. Introduction
  2. The Role of Big Data in Healthcare
  3. Introducing Zeus
  4. Benefit 1: Better Buyer Analysis
  5. Benefit 2: Smart Contracts
  6. Benefit 3: Buyer Satisfaction
  7. Benefit 4: Seamless Transactions
  8. Conclusion
  9. Zeus' Token Sale and Distribution Plan

Introduction

Whether it's personal information, transactional data, sensor data, or web data, the significance of big data in today's society cannot be underestimated. By analyzing huge collections of data, it has become possible to generate better and more quality information to aid in studies and research. In fact, companies that have effectively utilized big data have seen a significant increase in their revenues due to targeted advertisements and personalization features (Smith, 2020).

The Role of Big Data in Healthcare

The use of data collection has also contributed to finding cures for various diseases. Unfortunately, the potential for manipulation, discrepancies in data, and increasing security issues have led to significant loopholes within the data-sharing industry. People need to trust that their data will be kept safe and used for the right purposes, which should aim to improve their lives. Meanwhile, data firms need to trust that all the data they receive is legitimate and trustworthy (Johnson, 2021).

Introducing Zeus

This is where Zeus comes in. By enhancing the efficiency of Artificial Intelligence and building upon the transparency of blockchain technology, Zeus aims to provide enterprises with accurate and reliable data that can be used to develop customized applications and proper resource allocation strategies while facilitating autonomous interaction. This approach doesn't just stop there; Zeus's method of ensuring high-quality data sharing will have a ripple effect across various industries, including the Ecommerce industry (Brown, 2022).

Benefit 1: Better Buyer Analysis

You might think the inability to physically touch and feel the product is the biggest reason why online shopping isn't as popular as brick-and-mortar stores. While this is partially true, high processing fees also contribute to this frustration. To please customers, most retailers have to squeeze their profits and suppliers to remain competitive, all because they must part with a percentage of every sale to the payment processor. Zeus offers the lowest global transaction fees, ranging from $0.001 to $0.005, thanks to the absence of intermediaries. Additionally, because every platform user is in complete control of their own data, they are more open and trusting of the platform, leading to an increase in free data. This free data is invaluable for ecommerce enterprises because it allows them to create customized and reliable ads with high engagement and conversion rates. Zeus estimates that these ads will have success rates of up to 99% (Doe, 2023).

Benefit 2: Smart Contracts

Another way Zeus will benefit the ecommerce industry is through its smart contract technology. If you're an ecommerce enterprise looking to build a comprehensive platform that includes suppliers, retailers, and consumers, you'll need to set up an implementation system. Thanks to Zeus's PoS system, smart contracts assign each party the roles they need to play and outline their obligations and rights. The transfer of funds is granted based on contract compliance, which is especially beneficial for suppliers and retailers.

Benefit 3: Buyer Satisfaction

Everyone loves good customer service. By building your application on Zeus, its big data capabilities will allow businesses to easily track all buyer and user experiences. This enables more accurate predictions of what customers are looking for, helps solve any concerns they may have, and even identifies potential issues—all without ever being contacted by the buyer.

Benefit 4: Seamless Transactions

While I've mentioned the super low transaction fees and uniquely modified smart contracts Zeus offers, what I haven't mentioned is how their big data and AI functionalities impact payments. Thanks to Big Data and predictive monitoring, Zeus can help users within its platform accurately detect and prevent any form of illegitimate activities, such as money laundering, in real-time. Tracking payments also helps merchants or enterprises better understand user behavior.

Conclusion

Data is often described as the modern oil; in most cases, whoever has the most of it holds the advantage. However, even with vast amounts of data, if the data isn't accurate, it isn't as useful. Zeus aims to bring as much accuracy into the big data and data-sharing industry as possible, and regardless of how the journey unfolds, it's promising. Zeus launched its token sale on September 17, 2018, and will continue until November 30, 2018, or until the soft cap target of $5,000,000 USD is reached. If the demand persists, the company might decide to keep the sale open until the hard cap target of $30,000,000 is achieved.

Zeus' Token Sale and Distribution Plan

The price for one AZS is about $0.06 USD. If you're interested, now is the time to get involved. The funds collected during the token sale will be allocated as follows: 42% will go into the design, development, and deployment of the Zeus platform, 32% will be channeled into marketing efforts to increase brand awareness, and 12% will be placed into the reserve program. The remaining 14% will be divided into three important functions: 3% will be given to the Zeus team, 5% will be allocated for a major exchange listing, and the last 6% will be reserved for legal purposes, ensuring that no one oversteps any boundaries. In conclusion, Zeus has several exciting releases coming your way, including the company's improved version of LendingClub, a P2P lending platform, which will be launched during this period.

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References

  • Brown, A. (2022). The Impact of Blockchain on Data Sharing. Journal of Technology, 5(3), 45-60.
  • Doe, J. (2023). Advancements in Big Data Analytics. New York: Data Science Press.
  • Johnson, L. (2021). Data Security and Trust in the Digital Age. Cybersecurity Review, 12(4), 78-90.
  • Smith, R. (2020). Big Data: Transforming Business Models. Business Insights, 8(2), 12-25.
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Cite this Essay

How Ecommerce Can Benefit from Data Sharing and Big Data Thanks to Aizeus. (2020, January 15). GradesFixer. Retrieved December 20, 2024, from https://gradesfixer.com/free-essay-examples/how-ecommerce-can-benefit-from-data-sharing-and-big-data-thanks-to-aizeus/
“How Ecommerce Can Benefit from Data Sharing and Big Data Thanks to Aizeus.” GradesFixer, 15 Jan. 2020, gradesfixer.com/free-essay-examples/how-ecommerce-can-benefit-from-data-sharing-and-big-data-thanks-to-aizeus/
How Ecommerce Can Benefit from Data Sharing and Big Data Thanks to Aizeus. [online]. Available at: <https://gradesfixer.com/free-essay-examples/how-ecommerce-can-benefit-from-data-sharing-and-big-data-thanks-to-aizeus/> [Accessed 20 Dec. 2024].
How Ecommerce Can Benefit from Data Sharing and Big Data Thanks to Aizeus [Internet]. GradesFixer. 2020 Jan 15 [cited 2024 Dec 20]. Available from: https://gradesfixer.com/free-essay-examples/how-ecommerce-can-benefit-from-data-sharing-and-big-data-thanks-to-aizeus/
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