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[G1]-PR12-Tomorrow The Future of the Platform Revolution (the IOT…
[G1]-PR12-Tomorrow
The Future of the Platform Revolution
What makes an industry ready for the platform revolution
some types of businesses that are most likely to join the platform revolution in the years to come
High fraagmented industries
market aggregation through a platform increaes efficiencies and reduces search costs for
business
looking for goods /services created by far-flung local producers
individuals
Industries characterized by extreme information asymmert
information asymmetries have made fair dealing difficult
economic theory suggests that
efficient market
fair
require that all the participants have equal access toinformation about
services
prices
goods
other crucial cariables
Industries with non-scalable gatekeepers
retailing and publishing are two examples
Information-intensive industries
in a world where data is widely described as "the new oil"
information is an important source of value
the more crucial information is as a value source
the closer the industry is to being transformed by platform
new entrants have created ecosystem
create/disrupt content/software quickly
easily than large firms with thousand of employee once did
one may question why
health care
continiue to be so resistant to transformation
eduction
banking
industries certain characteristics are likely to be resistant to such disruption
Industries with high failure costs
Resource-intentive industries
Industries with high regulation control
the impact of these factors will change over time
industry boundaries are becoming increasingly porous due to the impact of platform
Pielines
through some limited channals
Internet-powered platform
engage with consumers directly
every company can now be an advertising company
as more and more processes and tools get connectedto the Internet
every industry has the potential to become an information-intentive industry
they leverage platforms toward greater efficiency gains
the power of the platform is modifying
one of the most dramatic effects
the emergence of unexpective new competitors from seemingly unrelated industry sectors
bear insights in mind
as consider the possible future impact of the platform model on your own industry
whatever it may be
some of the most plausible and intriguing future scenarios for the expansion and evolution of platforms in specific sectors of the economy
Education
The platform as golble classroom
Non-scalable gatekeeper?
check
Highly Fragmented?
Information-intensive?
Health care
Health care
Information intensive
Industry in crisis
value propositions will be dependent on broad networks and platforms.
Mobile devices & app
The barriers to health care platform development include economic and managerial forces
Huge variability in how clinicians interact with the health care system.
The growth of platforms within health care may be slow.
Non-scalable gatekeeper
High degree fragmentation
enormous information asymmetries
Energy
Water
electrical energy grid
Conserve
Smart grid
Communicate
Digital system
4 more items...
Analysis
Measure
Store
Share
Manage
Produce
Wind
Oil
Solar
Gas
Nuclear
Coal
Finance
Money goes digital
finance platform unlock new forms of value
analysis data
discover consumer tastes & spending habits
ex: Mint.com collect data and analysis it, and promote products that fit customer's need
enhance the marketing of finance products
traditional financial institutions
begin to use platform models
reach their services to the market that they can touch before
ex: bank's online service
development potential
developing countries
people who are unbanked
people who are unhealthy now
Logistics and Transportation
platform
use highly efficient algorithms to match demand and supply
traditional
resource-intensive industries
huge entry barrier for competitor
high fixed costs
Platform redefine the nature of work
service providers have stratification of wealth,power, and prestige.
division of labor into smaller units of work
more people trend toward freelance work
routine & standardized tasks will move to online platforms
most specialized and challenging assignments could stay in traditional business.
government as platform
fragmented
San Francisco
DataSF
improving housing conditions
information asymmetries
surrounded by gatekeeper
information-intensive
the IOT
Translation
Retrofits
Payments
Product as service
Connected service
Network
Security
Vertical application