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13 Oct 2021
BY Ridwaan Boda , Rakhee Dullabh AND Priyanka Naidoo

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.

  • Article 4 | coming soon


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