Platform Business Models: Friend or Foe? - Part 2

Technology Revolution: The Future of Now

Bonnie D Graham

News, Business News, Technology

4.9 • 112 Ratings

🗓️ 29 August 2018

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

The buzz: “…we are in the middle of this Platform Revolution. The platform facilitates an accessible, scalable and efficient network of users, services, devices and intermediaries … value is created, distributed, discovered and consumed.” (ING, 2016). In this digital age, successful platform businesses are using scalable cloud system architecture and sophisticated technology, and implementing smart adoption and monetization strategies. The result? Market dominance, exploding margins and volumes of sensitive data. Is your company on board yet? The experts speak. Dr. Bernd-Uwe Pagel, SAP: “The saddest aspect of life right now is that science gathers knowledge faster than society gathers wisdom” (Isaac Asimov). Claus von Riegen, SAP: “Every new beginning comes from some other beginning’s end” (Seneca). Nils Herzberg, SAP: “After climbing a great hill, one only finds that there are many more hills to climb” (Nelson Mandela). Join us for Platform Business Models: Friend or Foe? – Part 2.

Transcript

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0:00.0	Welcome to the most nutritious hour of business talk all week.
0:13.1	This is Coffee Break with Game Changers, presented by SAP.
0:17.1	The best run business is Run SAP.
0:19.7	Your host and moderator is Bonnie D. Graham.
0:22.1	You'll hear from the innovators who have learned to use game-changing technologies to shake up the status quo and help move today's businesses in new directions.
0:29.9	Now, here's Bonnie D. Graham.
0:32.3	Welcome, welcome, welcome.
0:33.9	If you want to run with the game changers, you're in the right place because this is where the best run. We always say it. We always mean it and it's true. So let's get started. Let's see what the buzz on the street is. I have a quote from ING, the Office of Experience Design, 2016, quoted in the blog, hypeinnovation.com. Just listen up. So, yes, we are in the middle
0:57.7	of the platform revolution. The role of the platform is the creation of these connections.
1:03.1	The platform facilitates an accessible, scalable, and efficient network of users, services,
1:09.5	devices, and intermediaries. The value is created,
1:13.1	distributed, discovered, and consumed. So yes, we are talking about the platform revolution,
1:18.5	the platform economy, and technically the title of this episode is platform business models,
1:24.2	friend or foe. We did part one of this conversation in May of this year on our series
1:31.0	called Game Changing Business Model Disruption Radio was episode number four, May 3, 2018.
1:37.1	And I have two of the three original panelists back to help us figure this out. So let me give you a
1:42.0	little background. In this digital age,
1:50.3	successful platform businesses are using scalable cloud system architecture and sophisticated technology. That's a key word in there. And implementing smart adoption and monetization
1:54.9	strategies. You may be focusing on the word monetization. That's what it's all about in business,
1:59.4	isn't it? What is happening with these companies?
2:01.8	How do they know they're successful?
2:03.9	They are achieving three things.
	...

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