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ENSight

 

13 Oct 2021
BY Ridwaan Boda AND Priyanka Raath

The platform economy series

For the past several years, the platform economy has been changing and disrupting the way in which companies work, allowing them to shift from traditional processes to platforms that are less linear and more interactive. 

In a product business model, firms create value by developing differentiated products for specific customer needs, and they capture value by charging money for those items. In a platform business model, firms create value primarily by connecting users and third parties, and they capture value by charging fees for access to the platform. 

In the platform economy, developers are those parties who have created products or services they wish to offer on the platform. Developers will need to integrate their product offering, usually an app, into the platform. This necessitates that the platform provider allows developers to access and integrate into the platform.

In the platform economy, developers are those parties who have created products or services they wish to offer on the platform. Developers will need to integrate their product offering, usually an app, into the platform. This necessitates that the platform provider allows developers to access and integrate into the platform.

Developers and platform providers must perform a careful risk assessment before launching their apps to ensure that they do not fall foul of any legislative or regulatory requirements.

 

Should you require any assistance, please contact any member of our team.

Ridwaan Boda

Technology, Media and Telecommunications | Executive

rboda@ENSafrica.com

+27 83 345 1119

 

Priyanka Naidoo

Technology, Media and Telecommunications | Senior Associate

pnaidoo@ENSafrica.com

+27 72 662 4355