iuzeit: The World’s Go-To Decision Making Platform for Online Shoppers
iuzeit is an early stage technology start-up based in Dallas, Texas that is dedicated to simplifying the research and decision-making process for the 220 million online shoppers in the U.S.
The company consolidates pricing and product data from around the web onto a convenient website using data science and positions it as the world’s only unbiased research and price-comparison platform.
“The problem with e-commerce is that there is too much data, information overload and analysis paralysis. The purchasing journey for big ticket items takes 81 days on average. Plus, 40-50 percent of online reviews are unreliable or untrustworthy. These factors, and more, result in $260 billion in abandoned carts and the resulting lost e-commerce revenue every day,” said Yogi Patel, Founder and CEO.
iuzeit’s solution of curating, processing and presenting a clean, ad-free interface that is personalized to individual users positions it well to generate current and future revenue via a unique subscription model.
Partnerships are already in place with 15 major global retailers, including Costco, Wal-Mart, Amazon and Best Buy and expansion plans call for growth in product verticals, AI driven personalization, digitized word-of-mouth and productized services.
“Imagine a streamlined online research and shopping experience that’s free from the distraction of paid advertising. We’re the Only 100% unbiased product research platform in the world and, as such, we’re empowering shoppers to make the best decisions and accelerate the buying process,” said Patel.