How to Operate a Business Operating in a Virtual Space

The lure of lower overhead costs and access to more efficient tools for collaboration and communication has led more increasing businesses to switch to virtual operation. While e-commerce and remote work may be the most commonly used applications for virtual space, it’s also expanding into new areas of development of products and services that are beneficial to both consumers and businesses.

As opposed to traditional offices, which require space for collaboration and meetings virtual office spaces offer online platforms that simulate the in-person experience by using live video conferencing and document sharing. This is particularly useful for teams that work remotely, as a virtual workspace eliminates the need to have face-to-face interaction and can reduce travel expenses.

Other types of virtual spaces are social spaces where people get together and interact, educational spaces such as online classrooms or e-learning platforms, and gaming spaces such massive multiplayer online games (MMOs) or mobile apps. These spaces are usually enhanced by virtual reality and augmented reality to create immersive experiences.

Platform action is the logic that is running in the background of a virtual environment to enable functionality. For instance when you use an e-commerce platform like eBay platform action controls how users bid and pay for items; in an application for managing projects such as Trello or Microsoft Teams, it regulates the way tasks are assigned and managed. It is vital to design robust platform actions in virtual space since they enable seamless experience for users and business stakeholders.

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