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 Residential
home unit owners and managers devote their resources to
providing for the resident in order to increase retention rates and
adapt to changes in the market place. MyCove believes that residential
services are an extension of the amenities offer by a home unit
and it's owners.
MyCove
extends it's beliefs to state that in order for residents of a
residential home unit community to be fully serviced, there needs to
be a reduction in inefficient processes by management and an increase
in overall utilization of available resources.
Market and Trends
People and businesses are relying on the Internet to access and
share information. International Data Corporation IDC estimates that at the
end of 1998 more than 142 million people were using the Internet to
communicate, participate in discussion forums and obtain information
about goods and services. IDC projects that this user base will grow
to 502 million people by the end of 2003. A rapidly growing number
of businesses use the Internet to market and sell their products and
streamline business operations. According to Forrester Research, 50%
of all United States businesses will be online by 2002.
Historically, B2B
e-commerce has occurred through electronic data interchange over
proprietary networks, which are costly and available only to a
limited number of participants. MyCove provides an open
platform with common communication protocols to build efficient,
cost-effective networks that facilitate higher retention
rates within residential home unit communities. As
Internet-based network reliability, speed and security have improved
in recent years and as more businesses have connected to the
Internet, traditional businesses are beginning to use the Internet
to exchange information streamline processes.
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