How to Operate a Business Operating in a Virtual Space

The lure of low cost of overhead and access to more efficient collaboration and communication tools has led to more and increasing businesses to switch to virtual operation. Virtual space is not only used for e-commerce or remote work. It’s also being utilized in new areas, such as product development and delivery of services.

Contrary to traditional offices that require space for meetings and collaboration virtual offices offer online platforms that mimic in-person interactions using real-time video conferencing and collaborative document sharing. This is particularly helpful for remote teams with digital workspaces that remove the need for physical face-toface interactions and also reduces the cost of travel.

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

Platform action is the process that runs in the background, enabling functionality. In an e-commerce application such as eBay, platform action regulates how users pay for and bid on items. In an application for managing projects like Trello or Microsoft Teams it regulates the manner in which tasks are assigned and managed. It is crucial to develop solid platform actions in the virtual space because they allow for seamless experiences for users and business stakeholders.

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