A controversy last rose when the big four tech giants Google ,Amazon,Facebook and Apple were subjected to a white house judiciary committee led by the democrats in Congress to explain predicaments of monopolisation.The companies were accused of having too much power like the oil and rail industry in the hey days of the 18th century.The four CEOS who run these tech giants denied allegations of monopolisation and were heavily fined for their lack of ethics.

New industry territories like artificial intelligence have been a favorite for these companies where one is able to predict data leaving their rival competitors in the wind.As stated in built-in beta, a company that provides AI services, Artificial intelligence is a branch of computer science concerned with building smart machines capable of performing tasks that typically require human intelligence. This definition clearly tells you that tasks that are human oriented are being replaced by machines.The monopolistic companies have formed a habit of buying companies that offer these services and collect data that is used by the human community making the market completely predictable to them

Their related industries in social media,e commerce and advertising have basically fallen off their perches when it comes to market share and revenue. A continued downward fall has led to lawsuits front, left and center.These Artificial intelligence companies have structured algorithms which can predict anything by using data points which leads to easy access of wins in the markets.

How to deal with these companies

To come up with a solution we have to uphold anti trust laws to curb inequalities in the market.Having more funding for anti trust law agencies should be a priority.It gives these agencies an easy go ahead to deal with monoplisation.If we have a systematic pursuit of competition becomes democratic. They should also break down these companies to structural operations and dissaprove competition on companies that are comparable to them.This gives an opportunity for other industry players an access to the market share or in tech terms as they call it "access to users". Avoidance of mergers and acquisitions in the same industry for tech companies should be prohibited.

This will allow a fair share game within the market.Prices also should be regulated.The cost of a service depends on the average cost ,the total cost divided by the output.If competition becomes unethical monopolists usually determine market prices.Regulation on pricing should be put forth to discourage tech companies from taking advantage of how to price their products and services.

To avert biasness they should be requested to scale down their business models to maintain better relations in the market.If their business models predict the market competition becomes obsolete leaving their rivals hanging in the noose. Limitation of advertising of these companies should also be suggested.We should not allow too much advert dominace on these digital platforms.Their should be a limit as to how much they can allowed to share adverts.

Share of data to small companies should also be a priority.If these tech giants share some data with other small players they have a chance for market share too.Interporebility of data should be a key component especially to social media platforms when trying to reduce monopolisation.Sharing of data reduces dominance. A drift into small players gaining a piece of pie in the tech industry leads to better levels of competition.

Conclusion

We can clearly conclude that monopolization will continue if government systems all over the world do not put up stringent policies to curb the process.For a systematic pursuit, all companies should be given a fair share gain in the market. Future should not be determined by a few jargons in the market. As it is the nature of history to repeat itself, monopolies should be broken and global collaboration should come into play.