Emergence of Platform based Business model for Technology


01 Jan 1970

creates value by facilitating exchanges

harness and create large, scalable networks of users and resources

accessed on demand

does not own the means of production; owns the means of connection

Platform based business

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Platforms offer frictionless and transparent transactions

It is not just a tech play. It is an ecosystem which connects consumers, services, communities and providers through a digital platform.

The core functions include setting standards, providing the tools and services for interactions, audience building and match making.

A good platform has credibility, simplicity, cost-effectiveness and reach.

Every role is clearly able to the see the 'What's in it for me?'

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