👉 Bidding computing, also known as auction-based bidding, is a mechanism used in various digital platforms, especially those employing automated or algorithmic processes, to allocate resources or opportunities based on competitive bids. In this system, participants submit bids representing their willingness to pay for a particular resource or service, and the platform evaluates these bids using predefined rules or algorithms to determine the most efficient allocation. This process typically involves iterative auctions where bids are incrementally increased until a winner is identified, ensuring optimal resource utilization and cost-effectiveness. Bidding computing is widely used in areas like online advertising, cloud computing, and data marketplaces to match supply with demand efficiently.
