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By transforming and adopting a platform business model, traditional companies can re-emerge as strong competitors in the Platform Economy. But so far this has not been happening very quickly. While more than 30% of global economic activity — some $60 trillion — will be mediated by digital platforms in six years’ time, only 3% of established companies have adopted […]

Platform businesses outperform value chain businesses because of their superior economics and the value of network effects.  As a result, platform businesses are growing faster, and taking leading positions in industries once dominated by value chain businesses. However, as the following case study demonstrates, the ability to leverage platforms is not limited to the upstarts […]

Digital transformation, driven by the Platform Economy, is highlighting the importance of technology.  It’s forcing companies to rethink their technology strategies and re-evaluate their legacy systems, especially the system that is arguably the most important to any business – Enterprise Resource Planning (ERP). Previously, we discussed how the Platform Economy has grown at an exponential […]

More than 30% of the world’s economic activity — about $60 trillion — will be delivered by digital platforms in 6 years’ time, according to a McKinsey research report. Yet it’s estimated that only 3% of established companies have adopted a platform strategy. And first mover advantage is important in a digital world where often the winner takes all. […]