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[G2] PR12 Tomorrow: The Future of the Platform Revolution (What makes an…
[G2] PR12 Tomorrow: The Future of the Platform Revolution
What makes an industry ready for the platform revolution
Industries with non-scalable gatekeepers
Highly fragmented industries
Information-intensive industries
Industries characterized by extreme information asymmetries
resistant to disruption
Industries with high failure costs
Resource-intensive industries
Industries with high regulatory control
Bank
Health care
Eduation
Education: The platform as global classroom
The spread and increasing popularity of teaching and learning ecosystems will influence public school systems, private school, and traditional universities
Harvard,Stanford and many others institution offer online versions of their most popular classes in the form of "massive open online courses(MOOCs)"
Change education in ways
unbundle the process of learning from the paper credentials traditionally associated with it
Students are more interested in the real-world abilities
Make special arrangements to receive a conventional credential
Ex: Coursera, college credit is a premium service you pay extra for
Facilitate many other experiments with the form, structure, aand substance of traditional education
Ex: the Minerva Project
Health Care: Connecting the parts of an unwielded system
The fragmented health care delivery system imposes huge costs
garbled data
wasted time
missed diagnoses
squandered resources
health care is an information-intensive industry
high degree of fragmentation
enormous information asymmetries
non-scalable gatekeeper
The platform revolution offers huge opportunities to remedy problems that plague American health care
Medicast
make accessing health care faster and more convenient
Mobile health care apps and wearable fitness devices linked to networks
could help individual mange such chronic and costly health care problems
The barriers to health care platform development
Economic and managerial forces that discourage the sharing of patient data and services
Huge variability in how clinicians interact with the health care system
Energy from Smart Grid to Multidirectional Platform
The old Network
Costly inefficiancies
mismatch between supply and demand
from a one-way pipeline to a platform model
decentralized energy production of millions of individuals and organizations
The need of a large scale energy transaction platform
The challenge might be a drawn-out regulatory battle with the current inhabitants of the network
Finance: Money goes Digital
Developing money created the first finance platform
Newer Platforms like PayPal and Square
trying to unlock hidden value from transaction data itself
MasterCard
ShopThis!
New Investment and Lending
Zopa
using behavior patterns to reduce fraud
better conditions for lender and borrower
Lending Club
"Unbanked" People
Creating a platform for people with no bank around and insufficiant oney streams
Logistics and Transportation
Coordinate complex logistical movements
match demand and supply
Munchery
algorithms determine the best route
Go-Jek
Like Uber but including food delivery in Jakarta
Labor and Professional Services
Axiom Law
Legal guidance and services for business clients
combine data mining and law talents
InCloudCounsel
process legal documents saving 80% of the price
Routine and standardized task will move to online platforms
Increase of freelance work and self-employment
Good for people which seek flexibility and freedom
Challenging for stability and predictability seeking people
Decrease of Labor unions
Government as Platform
Making government processes:
flexible
user-friendly
responsive
innovative
transparent
Challenges
budgetary constrains
suitable for everyone
constitutional and legal restrictions
conflicting pressure from:
interest groups
lobbyists
partisan hostiles
DataSF
launched in 2009
vast array of information about San Francisco
Following apps
Project Homeless Connect
connects homeless with everything they need
House Fax
access to building maintenance history
Buildingeye
map for building planning
Neighborhood Score
health and sustainablility score
The Internet of Things: A worldwide Platform of Platforms
Create new networks to gather new data for new developments
Building the IoT
digital technology firms
Intel
Cisco
IBM
industrial firms
Siemens
Westinghouse
GE
hope for control of new infrastructure and ultra-valuable data
New multi-billion-dollar markets
Product as a service
selling machines and services via platform connections
Payments
create new ways to create and capture value from equipment
Connected services
development of software and systems to manage the new networks
Retrofits
connecting the existing machinery into the IoT
Network
desing, build and service for linking and controlling industrial tools
Translation
teaching a wide array of devices and systems to communicate with each other
Security
platform based asset protection
Vertical application
connect industrial tools at various places in the value chain
A Challenging Future
Society must also respond to the structural changes that the platform revolution is creating
To develop regulatory responses that protect citizens from the most serious dangers posed by the platform revolution without unduly stifling beneficial innovations
It will take time for contemporary societies to figure out what they need to do to respond appropriately to the shifts in economic, social, and political power
:fire:Why we need to begin thinking about this issue now