Businesses turn to cloud-based services to manage transactions
Implications - Cloud-based platforms are revolutionizing the way transactions are performed. Instead of going through several different channels, small business owners are able to reliably store information onto a single platform, streamlining the process of purchase and delivery for a significantly lower cost.
Trend Themes
1. Cloud-based Services - The implementation of cloud-based platforms is revolutionizing the way of performing transactions.
2. Automated Platforms - Automated business platforms such as Apttus offer an opportunity to simplify the many steps involved in business transactions by using machine learning.
3. Crowdsourcing Products - Crowdsourcing products such as BHüe presents innovative ways to acquire feedback from customers when developing new products.
Industry Implications
1. E-commerce - The e-commerce industry can benefit from implementing cloud-based services and automated platforms while offering crowdsourced products.
2. Cosmetics - The cosmetics industry can use crowdsourcing when creating products while taking advantage of e-commerce and cloud-based platforms.
3. Fashion - Fashion retailers can take advantage of automated management platforms and offer multi-store shopping apps as well as luxurious e-commerce collaborations.
