As an application of blockchain technology, crowdsales are generally unregulated, allowing investments to reach startups faster and without fees. Additionally, although investors may hold onto their coins or tokens to receive dividends as if they enjoyed shares in the company, they do not have enjoy the same control over company management. Startups then enjoy a level of managerial freedom that companies previously did not have.
Finally, in addition to providing much-needed capital to startups, crowdsales provide crucial measures of the level of interest in a new project.
Since most cryptocurrencies are not yet regulated by a central authority, crypto owners cannot store their currencies in traditional bank accounts. Thus, cryptocurrency wallets (or crypto wallets) were developed.
These wallets generally come in the form of either software or hardware—also called hot or cold wallets. Hot wallets connect to the internet and allow the owner to both receive and send crypto tokens. Cold wallets, on the other hand, do not connect to the internet. For this reason, hot wallets have more security features than cold wallets.
Banks, credit unions, credit card companies, insurance companies, stock brokerages, investment funds, and more must report their activities to government regulatory agencies. Following financial crises in the late 2000s, regulatory compliance has become stricter and more onerous on financial services companies like those listed above.
From the stricter need for reporting and the massive amounts of data generated by financial institutions, the regtech industry has sprung up, combining regulatory reporting and big data technology.
Civic science is a gathering data provider from the US, it provides research data to decision makers.
PAYBACK Online Panel collects customer feedback for marketers who reward users with vouchers, frequent flyer miles, charitable donations, &c.
PAYBACK Online Panel is a multi-loyalty program and a multichannel marketing platform. They collect customer feedback from members in Germany and other countries. These members then receive compensation in the form of vouchers, rewards, frequent flyer miles, or charitable donations from thousands of well-known companies and marketplaces. Their platform communicates synchronously by all channels online and offline, providing optimal coverage and personalization. In short, their services allow businesses to run integrated marketing campaigns through all channels.
Data mining is a developed technical solution customized to the needs of each clients.
Statistical consulting is used to understand results of the market research.
Nowadays, the abundance of data and the advances in Machine Learning and big data applications reduce the need for top-down segmentation of customers. Smart customer clustering based on many commonalities help companies better address customer needs to provide the right experience and divide resources efficiently.
Most if not all companies and organizations seek to establish themselves in social media platforms such as Facebook, Twitter, and Instagram in addition to their official website. Online and social media performance tracking is meant to analyze the effectiveness of a company’s social media presence. Are they generating new leads? Are they promoting brand awareness? These questions are important to assess the efficiency of the use of these social media platforms.
An online recommendation engine is software that analyzes available user data to generate suggestions for something the user may also be interested in. Such engines are used in an advertising capacity to promote products or services or for the purpose of recommending similar content to the content the user has consumed in the past, such as in streaming services and online shopping services.
Product performance forecasting predicts future sales volumes—at what price, during which time, and in which market. It enables businesses to make informed decisions in both the short term and the long term. Nowadays, companies rely on machine learning software for product performance forecasting as these programs continuously improve, providing businesses with faster and more reliable estimates all the time.
Promotional planning is the process of optimizing marketing tools, strategies, and resources to promote a product or service to generate demand and meet set objectives. Artificial intelligence (AI) can be used to effectively plan promotional events, measuring their outcomes, and adjusting as necessary to achieve growth.
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