Part 2 will discuss Digital Enterprises, Dynamic Pricing Algorithms, Hyper Automation, and Metaverse On the Move.

Digital Enterprises

Due to COVID-19, the digital workforce now has greater distribution, working from home or in the office. Businesses taking advantage of digital enterprise trends will expand 25% more rapidly than their competitors. Companies in every industry need to understand and implement digital solutions, which range from digital showrooms to touchless payments, to benefit from the greater accuracy, automation, and speed they provide.

Dynamic Pricing Algorithms

The use of dynamic pricing algorithms is growing rapidly. Airlines and hotels are setting their prices in real-time, offering promotions and discounts based on the supply and demand at the moment. In the ride-sharing industry, surge pricing leads to market equilibrium by incentivizing a greater number of drivers to pick up more passengers.

Hyper Automation

What is driving automation are these three trends:  raising the quality of work, faster business processes, and promoting decision-making agility. Cloud-based AI technologies automating routine and manual office tasks that involve customer service and marketing have been embraced by many companies.

Due to current labor shortages, manufacturers are deploying robotics to maintain production. Unfortunately, supply chain delays and a lack of engineers have put them behind schedule. Automation is now seen as necessary by industries decreasing their dependence on labor.

Metaverse On the Move

The rebranding of Facebook to “Meta” by Mark Zuckerberg was greeted with both skepticism and derision due to recent controversies involving the abuse of user data and algorithms influencing user behavior. However, the metaverse concept, which involves digital and physical worlds existing in parallel, will continue to be developed by Meta and other companies and gradually be adopted by many.

Alpha Business Support

Choosing an expert computer technology-support provider is an important decision for your business. Alpha has been a trusted partner of many companies in the Washington, D.C., Baltimore, and Annapolis areas since 1990 and offer:

• 24/7 Managed Services for Business Computing Systems

• Network and Mobile Computing Support

• Disaster Recovery Planning

• Software Development

For affordable client-focused network consulting services and solutions, please call Alpha today at (410) 295-9500.