Thursday, May 28, 2020

AN INCREASE IN VALUATION OF DIGITAL & ENTERTAINMENT TOOLS

Increased In The Valuation Of Digital Entertainment Tools

The increase in the valuation of digital and entertainment tools is due to the rise in usage. Hence, the usage has increased with the changing market trends and behaviors. The increase and promotion in remote working have increased the use of Microsoft Team, Google Hangouts, and Zoom. The usage of Zoom only has increased by 50%. This is huge, due to an increase in its share price since the start of the year.

Something more interesting is the AR and VR experiences i.e. instead of visits to concerts, museums, and events. The consumers are preferring to stay in the comfort of their homes and enjoying similar usage. Hence, they are doing this by the use of virtual technology and AI. Preferences are given to social media, gaming, news, video streaming, and books or e-books instead of face to face socializing. Hence, many ways to relieve boredom are available rather than socializing and mingling in public gatherings.

In this age, it is highly important for companies and businesses to create and maintain a highly strong digital culture. The winning culture is a source of trust in people. Obviously, this is what people are looking more apart from remote work culture. This culture includes caring for others, transparency in working styles, and continuous learning.

However, a good nurturing in these key values during the times of COVID-19. Therefore, it will definitely ensure that firms are able to retain digital talent. The aim is to get things done and continue to thrive.

Courtesy: MBE Blog

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