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Essay / The Role of Data in Business
Data plays an important role in our daily lives; Today, every business needs data to grow. The demand for its product in the market depends on the reliable data the company has. The number of customers for the product or service also depends on the data. Despite the stage the company is at, consumer appeal will depend on data. Nowadays, businesses need to put in a lot of effort to gain a large number of consumers for survival in the community or to make large purchases. Therefore, companies tend to hire more marketers to promote their service and offer it to their customers. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an Original Essay For this, business owners need to spend a lot on doing their market research and adapting to new advertising platforms. This actually involves risk for the business as there is no guarantee that the business will make more sales. For an entrepreneur, it is very important to know his interests and personal data in order to further attract his business in a much more efficient and profitable way. This information will only be available to the individual themselves or from a similar business they have previously purchased from. This can lead to this data being sold at extravagant prices by intermediaries without providing any guarantee or reliability. Social networks have grown rapidly by easily collecting this data and selling it further to large and mid-sized businesses. We don't notice it until third parties are making billions and billions in profits just by monetizing our data. We can prevent this from happening in the near future. But Data Blokchain is not just a solution for end users. It is a database aggregator that allows you to win big suppliers and make more profits. What are the 3 models of interaction with partners? · The first model does not store databases in the Datablockchain blockchain. io but they are indexed by the SIE (The Smart Indexing Engine) using the API. Initially, they are accessible to all users. Revenues are made through the use of this data and distributed proportionally (20 to 80%) · Third model, the data will be placed by the partners in the platform blockbuster and the revenues are distributed in a ratio of 50:50 A different partnership model exists with the existing app bar. com with coverage of more than two million small and medium-sized businesses worldwide. Application bar. com technologies are quite similar to Datablockchain. io, the easy integration of the two companies has made it possible to move to a new level of integration and a new Datablockchain platform. io. This helps in providing up-to-date updated databases for its users. Intelligent Index Engine (SIE)The SIE connects to databases that use nifty blockchain oracles known as DBCOracles (based on Chainlink/Oracle). SIE customs prognostic analyzes to produce accurate assessments. The SIE AI enumerates each of the distinct morals to shape a developing measurable scrutiny. Thanks to the validation of the human test population, a qualitative element is constructed to accompany the quantitative evaluation. The SIE regularly conducts overall performance evaluations and uses past effectiveness modifiers to determine and modify the rating. THE.