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Transform your data into revenue generation assets
Category: Blogs | Tuesday, November 2nd, 2010
By Anthony Vendham
Long before all the others, Amazon.com understood that it could not succeed alone. The world was too diverse and too competitive for enabling the organic growth of one online retail powerhouse. So, they Jeff and his lieutenants decided to create a model that is collaborative and hence uses everybody (small and large retail stores) to grow and sustain its prominence position. Today, thousands of small retail shops, specialty stores, aggregators and vendors seamlessly sell their products through Amazon. It is a remarkable business model and a successful example of collaborative offerings that turn potential competitors into partners and greatly benefit customers as well. With Amazon.com, customers have one place to shop, one user experience, one payment system, and one refund policy. However, choice is not limited. “Au contraire”, customers have thousands of sellers and offers to choose from. Their products, itemized description, prices and inventory are seamlessly displayed as if they were seating in Amazon’s own depot. Because of this ability to provide unified experience, many of us would research products on the Internet, compare prices and read reviews but ultimately we would come back to Amazon to make the purchase. This requires an extensive data engineering facility very much like what Netwex offers its clients
It is self evident that the Amazon.com’s business model was made possible by a technology that allows Amazon.com to seamlessly link its thousands of third party vendors inventory into a virtual unified data store and create an integrated process flow that maintains the individuality of each third party store while providing and unified view to the customer on Amazon’s site. A balanced masterfully engineered on a framework similar to Netwex’s architecture and data engineering platform. When you’re on Amazon’s web site, you can see in real-time item availabilities even the items the items are offered by third party retailers. I have to admit that Amazon.com did not use Netwex’s service. However, their understanding that data is their most critical asset is very much inline with Netwex’s business vision. As pioneer data transformation to drive business, Amazon.com understood the value of data sooner than most businesses. And it took advantage of it.
The point of this story is that businesses collect enormous amount of data. However, it is not always clear that they use the data as company’s asset that can be used to increase the bottom line. Netwex Systems, Inc. offers raw data transformation into information assets that drive business activities and increase revenue.
With flexibility and agility at the core of our services, Netwex’s goal is to assist the Jeff Bezos of the worlds to create the next generation of successful businesses based future data-driven innovative business models.
By Netwex Systems, Inc.
