Five Digital Marketplaces Utilizing Algorithmic Design

Email     |     Share  
1 | 2 | 3 | 4 | 5 | 6 | 7
Next Five Digital Marketplaces Utilizing Algorithmic Design-5 Next

Personal Service

Dry cleaning is being reinvented by services like Washio and FlyCleaners, which have realized consumers' struggles and launched to remove the hassle entirely by doing everything from point A to Z in one to two business days. The easy to navigate and user-friendly platforms keep customers up-to-date on the exact progress and location of their clothes. 

Digital marketplaces are some of the hardest businesses to build and, not surprisingly, are becoming increasingly more complex as customers' demands and expectations grow. Savvy innovators across many industries are now changing traditional business models and creating new marketplaces built on advanced algorithms and technologies.

Advanced algorithms use mathematical models for determining transactions between buyers and sellers. The algorithms factor in a number of different variables – such as location, availability and price – to ultimately provide the best outcome for both parties involved. This slideshow features five industries that are ripe for the use of algorithmic design, as well as vendors spearheading the action in those marketplaces.

 

Related Topics : SharePoint, Web Video and Voice Conferencing, UK, MySpace, Intranets

 
More Slideshows

eCommerce16-190x128 E-Commerce: 5 Strategies to Drive Revenue over the Holidays

With an historic shift toward e-commerce, it's more important than ever that retailers have the right pieces in place to successfully capture online traffic and drive conversions. ...  More >>

Global33-290x195 2017 and Beyond: How Digital Innovation Will Impact the World

Digital innovation is by far the biggest influencer, changing the way we do just about everything, from shopping to communication to running a business. ...  More >>

DistilNetworksWebScrapping0x The Ubiquity and Danger of Web Scraping

In addition to posing a critical challenge to company branding, web scraping threatens sales, SEO rankings and can undermine the integrity of content that took resources to produce. ...  More >>

Subscribe to our Newsletters

Sign up now and get the best business technology insights direct to your inbox.