Sunday, August 31, 2014

The basics of the business of platforms

Great interview with Sangeet Paul Chaudhary at Applico. Chaudhary writes a very instructive blog specifically on platforms - it's called Platformed. 
In this interview, he gets to lay out the basics of what platforms are, how they work, and why they are such a strong business model. 

Here's a quote:
"These are the three key shifts that have led to the rise of platforms and the three specific ways that platforms differ from traditional business models:

They are networks, not linear
They allow participation, not just consumption

They rely on data to enable value creation"

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