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How to Operate a Business Operating in a Virtual Space

The lure of lower expenses and access to more efficient collaboration and communication tools has prompted more and companies to move to a virtualized operation. Virtual space is not only used for remote work or e-commerce. It is also being utilized in new areas such as product development and delivery of services.

In contrast to traditional offices, which require space for meetings and collaboration virtual office spaces provide online platforms that simulate live interactions with live video conferencing, as well as collaborative document sharing. This is particularly useful for teams working remotely, with a digital workspace that eliminates the link need for physical face-to-face interactions and also reduces the cost of travel.

Other types of virtual spaces include social spaces where people can socialize and interact, educational spaces like online classrooms or e-learning platforms and gaming spaces such as massive multiplayer online games (MMOs) or mobile apps. These spaces typically include the technology of augmented reality (AR) and virtual reality (VR) to create immersive experiences.

Platform action is the process that runs in the background to allow functionality. In an ecommerce app like eBay, platform action regulates the method by which users pay and bid for items. In the case of a project management tool such as Trello or Microsoft Teams it regulates the manner in which tasks are assigned and managed. It is essential to create a robust platform action in virtual space, because it creates users to experience a seamless experience for users as well as business stakeholders.

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