Monthly ArchivesNovember 2016

Parsing the New Platform Paradigm standard

Platform-based business models enable companies to connect to and leverage deep and rich contextual data about what is happening in their value chain at ever-increasing speeds. The focus of value creation shifts from extracting value from the hard assets and business processes that companies control and leverage, to analyzing data from and about those assets and business processes—all of which can yield innovation based on insight as shown in the illustration below. Platform-based businesses represent 3 out of the top 5 companies based on market cap and 7 of the top 10 unicorns. By 2018, IDC predicts that more than 50% of large companies and more than 80% of companies with advanced DT strategies will create and/or partner with industry ...

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