iuzeit has announced new product categories in its global ecommerce discovery and research platform to address pressing consumer needs during the COVID-19 pandemic. Previously specialising in streamlining the consumer journey for consumer electronics, iuzeit has significantly expanded its product scope by adding more than 30 different product categories to the platform, including COVID-19 essentials like masks and gloves, supplements, home office, home fitness, streaming services and more.
During the lockdown, iuzeit immediately began applying predictive analytics, data science, and machine learning (ML) to global ecommerce problems like supply chain restrictions, shipping fluctuations, location limitations, and product pricing volatility. With consumers hyper-aware of online restrictions on affordable pricing, availability, and shipping times, iuzeit’s strategy solves these problems head-on, helping “uzers” make smarter decisions.
“The innovative iuzeit consumer decision making model has the potential to disrupt the information discovery sphere forever,” said Jay Patel, Founder & CEO of venture investment group EDGE196, one of the primary early backers of the iuzeit platform.
Groundbreaking features that will soon be live on the platform include:
- Predictive analytics-driven pricing
- Product location detection
- Product price alerts
- In-stock alerts
Currently in its $10M Series A Round, iuzeit is looking for strategic partners and investors who share its drive to reimagine how the world shops to join it in disrupting the multi-billion-dollar ecommerce industry. iuzeit has partnered with 30 top global retailers, including Walmart, Amazon, and Best Buy, and more are joining monthly. With new challenges constantly arising in the ecommerce landscape, iuzeit is equipped to fully leverage data science and ML to streamline the shopping experience worldwide.
Read the latest edition of PCR’s monthly magazine below: