Exploring the concept of platformisation, it’s clear that it has become a defining pattern of the digital economy. Platformisation allows for the creation of new marketplaces and ecosystems, offering unique value propositions. This approach relies on the use of modular, scalable components, enabling the creation of a variety of services and products.
Platformisation is not solely about technology, but also about business models. It shifts the focus from products to ecosystems, with the platform acting as the orchestrator of value creation. This shift results in a change from linear to non-linear growth, with value being created through interactions within the ecosystem.
The ‘Platform Design Toolkit’ is a valuable tool in this context, helping to design and manage platforms effectively. It emphasises the importance of understanding the ecosystem, its actors, and their interactions.
Despite the advantages of platformisation, there are challenges to consider. These include the risk of monopolisation, the need for governance, and the potential for exploitation. To address these issues, it’s crucial to establish a fair and transparent platform governance system.
Ultimately, platformisation offers a new perspective on business and societal organisation, presenting opportunities for innovation and growth. Yet, it also necessitates a careful and thoughtful approach to manage its potential challenges.
Go to source article: https://stories.platformdesigntoolkit.com/exploring-ecosystems-the-patterns-of-platformization-6dd0eb6f95f3