Platform business models are quite distinct from those generally used by msot businesses throughout history. The revenue model is relatively rare, even now. So "becoming a platform" is much harder than most believe, as it requires creating a different revenue model than an incument now uses, and supporting different customers, or existing customers in different ways.
Sunday, October 24, 2021
Platform Business Models are Not Generally "Line Extensions"
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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