Module 1 Free Elective
Module 1 Free Elective
Platform technologies are a fundamental aspect of the modern digital landscape, playing a pivotal role in
how businesses operate, and individuals interact with technology, but what are Platform Technologies?
And what are the fundamental concepts of Platform Technologies?
Platform technologies refer to integrated hardware, software, and networking components that provide
a foundation for building and running various applications, services, and solutions. These platforms offer
a standardized environment, simplifying software and services development, deployment, and
management.
The fundamental concepts of platform technologies encompass vital principles and shared components
across various platform types. These concepts provide a foundation for understanding how platform
technologies work.
Platform technologies aim to standardize and abstract underlying complexities, making it easier for
developers to create applications without worrying about hardware or low-level software details.
Cloud computing platforms like AWS offer standardized virtual machines (VMs) with predefined
configurations. Developers can launch VMs without concerning themselves with the specific hardware
details.
Scalability
Platforms are designed to scale efficiently to handle increased workloads. This scalability ensures that
applications can accommodate growing user bases or resource demands.
Elasticity in cloud platforms allows you to automatically scale the number of server instances based on
demand. For example, an e-commerce website can handle increased traffic during a sale without manual
intervention.
Interoperability
Platforms often provide interoperability by supporting various programming languages, protocols, and
standards, allowing different systems to communicate and work together seamlessly.
RESTful APIs in web platforms enable interoperability between web applications and services. This allows
different apps to exchange data and functionality, enhancing user experiences.
Platform technologies offer flexibility for customization. Developers can often tailor the platform to suit
their specific application requirements.
Content Management Systems or CMS like WordPress offer a range of plugins and themes that
developers can use to customize websites. This flexibility enables unique designs and functionalities.
Security and Access Control
Platforms prioritize security and access control mechanisms to protect data and applications from
unauthorized access and cyber threats.
Identity and Access Management or IAM services in cloud platforms allow administrators to define who
can access specific resources. This ensures that sensitive data remains secure.
Service-Oriented Architecture
Many modern platform technologies are built on the principles of service-oriented architecture. Services
are designed to be independent, reusable, and accessible via well-defined interfaces.
Microservices architecture in cloud platforms breaks down applications into more minor, manageable
services. Each microservice focuses on specific functions, promoting flexibility and maintainability.
Platforms often include monitoring and analytics tools to help users track performance, troubleshoot
issues, and gain insights into system behavior.
IoT platforms provide real-time monitoring of connected devices, enabling businesses to collect data,
analyze it, and make informed decisions about device maintenance and performance optimization.
Cost Management
Platform technologies often provide cost management features, such as pay-as-you-go pricing models
and budget controls, to help organizations manage expenses efficiently.
Cloud platforms like AWS offer cost management tools to monitor resource usage and optimize spending
by identifying and eliminating unnecessary resources.
Let's delve deeper into the significance of platform technologies in today's world
Platform technologies are at the forefront of digital transformation efforts across industries. They enable
organizations to modernize their operations, adopt new business models, and stay competitive in the
rapidly evolving digital landscape.
Retail companies use e-commerce platforms to transform traditional brick-and-mortar operations into
online shopping experiences. This shift allows them to reach a broader customer base and adapt to
changing consumer preferences.
Enabling Innovation
Platform technologies provide a fertile ground for innovation. They offer a standardized environment
where developers can quickly create and test new applications, services, and solutions.
Mobile app development platforms have spurred innovation by making it easier for developers to create
and distribute apps. This has resulted in a vibrant ecosystem of mobile applications across various
industries.
Platforms deliver seamless and consistent user experiences across devices and channels, improving user
satisfaction and engagement.
Social media platforms like Facebook and Instagram ensure that users have a consistent experience
whether they access the forum via a web browser or a mobile app, promoting user retention and
engagement.
Platform technologies enable global connectivity by providing the infrastructure and tools to connect
people, devices, and businesses across geographical boundaries.
Video conferencing platforms like Zoom and Microsoft Teams have become essential tools for remote
work and global collaboration. They facilitate real-time communication and collaboration, transcending
geographical constraints.
Platforms level the playing field for businesses, allowing startups and small enterprises to access the
same technological capabilities and resources as larger organizations.
Cloud computing platforms provide small businesses with cost-effective access to powerful computing
resources, enabling them to compete with larger companies in terms of scalability and innovation.
Many platform technologies offer robust data analytics and reporting tools, empowering organizations to
collect, analyze, and leverage data for informed decision-making.
Analytics platforms like Google Analytics help businesses gain insights into user behavior on their
websites, allowing them to tailor their strategies based on data-driven observations.
Platforms often encourage collaboration and the creation of ecosystems where developers, businesses,
and users can interact, share resources, and build upon each other's innovations
App stores, such as Apple's App Store and Google Play Store, provide a platform for developers to
distribute their apps to a global user base, fostering collaboration between developers and end-users.
Addresses Societal Challenges
Platform technologies have the potential to address pressing societal challenges, such as healthcare
access, environmental sustainability, and education, by providing scalable solutions.
Telemedicine platforms have become crucial in improving healthcare access, especially in remote or
underserved areas. These platforms virtually connect patients with healthcare providers, offering
healthcare services to a broader population.
In summary, platform technologies are the backbone of the digital age, playing a vital role in
transforming industries, fostering innovation, and connecting people and businesses across the globe.
Their significance extends to empowering organizations of all sizes, enhancing user experiences, and
enabling data-driven decision-making. Platform technologies will remain at the forefront of shaping our
interconnected and digitally driven world as technology evolves.
II.
In essence, platform technologies are central to the modern digital landscape. To stay relevant,
competitive, and adaptable in this environment, it is crucial for individuals, organizations, and
professionals to invest in learning about and understanding these technologies. Doing so enables them
to harness the power of platforms, leverage digital ecosystems, and adapt to the ongoing changes in the
digital world.
Platform technologies play a pivotal role in shaping our modern economy and society. They drive
innovation, stimulate economic growth, and catalyze transformation across industries. Their ability to
foster collaboration, harness data, and create digital ecosystems underscores their significance in today's
rapidly evolving world. Understanding and harnessing the power of platform technologies is essential for
individuals, businesses, and policymakers looking to navigate and thrive in this digital age.
Platform technologies underpin services we use daily, from social media to cloud computing.
Platform technologies are the underlying infrastructure that powers the digital services we use daily.
They offer the connectivity, scalability, and innovation needed to enable services like social media and
cloud computing. Understanding their role is essential for users and businesses alike, as it highlights the
fundamental underpinning of the digital world we engage with on a regular basis.
Platform technologies matter in today's world for several important reasons:
Facilitating Innovation:
Platform technologies provide a foundation upon which other innovations can be built. They offer a set
of tools, resources, and services that enable developers and entrepreneurs to create new products and
services more easily and quickly. This can accelerate innovation across various industries.
Ecosystem Development:
Platform technologies often foster the growth of ecosystems around them. These ecosystems can
include developers, businesses, and users who build, expand, and benefit from the platform. Think of
app stores, cloud computing platforms, and social media platforms that have thriving ecosystems.
Platform technologies are designed to scale efficiently, making them well-suited for handling large
volumes of users, data, and transactions. This scalability can result in cost savings for both platform
providers and users.
Interconnectivity:
Platforms often enable interoperability between different technologies, systems, and devices. This can
facilitate data exchange, communication, and integration between disparate systems, fostering greater
connectivity and synergy.
Platforms generate vast amounts of data, and the insights derived from this data can be invaluable for
businesses and organizations. Platform providers can analyze user behavior, preferences, and trends,
helping businesses make data-driven decisions.
Monetization Opportunities:
Many platform technologies offer monetization opportunities, such as advertising, subscription models,
or transaction fees. This can create revenue streams for platform providers and businesses within the
ecosystem.
Digital Transformation:
In an increasingly digital world, platform technologies play a central role in enabling organizations to
undergo digital transformations. They provide the tools and infrastructure needed to modernize
operations, reach customers online, and adapt to changing market dynamics.
Global Reach:
Platforms often have a global reach, allowing businesses and individuals to access markets and
customers worldwide. This globalization can democratize access to resources and markets, leveling the
playing field for smaller players.
Competitive Advantage:
For businesses, adopting or building on top of the right platform technology can confer a significant
competitive advantage. It can enable them to innovate faster, reach more customers, and respond to
market changes more effectively.
Societal Impact:
Platform technologies can have a profound impact on society, affecting how people communicate, access
information, work, shop, and more. They can influence social, economic, and political dynamics, making
them a critical consideration for policymakers.
In summary, platform technologies are foundational elements of the modern digital landscape. They
drive innovation, enable connectivity, offer scalability, and have far-reaching implications for businesses,
individuals, and society as a whole. As a result, understanding, leveraging, and adapting to these
technologies is crucial in today's world.
III.
In today's hyper-connected world, we often take the technology that powers our daily lives for granted.
From social media to online shopping and cloud computing, these services have become integral to our
existence. But have you ever wondered about the origins of these digital marvels?
To truly appreciate the present, it's crucial to delve into the past. In this journey through history, we'll
explore the fascinating evolution of platform technologies and how they've shaped our world.
Our story begins decades ago when computers were massive, room-filling machines, and the idea of
interconnected systems was in its infancy. Back then, the notion of platforms as we know them today
was virtually unimaginable.
But visionary thinkers and innovators paved the way, laying the groundwork for the digital revolution.
They envisioned a world where information could flow freely, devices could communicate seamlessly,
and platforms would enable boundless possibilities.
As we fast-forward through the years, you'll witness the birth of the internet, the emergence of early
platform technologies, and the pivotal moments that led to the interconnected, data-driven world we
inhabit today.
Join us on this journey as we uncover the historical perspective of platform technologies, revealing how
these innovations have transformed our lives and reshaped industries, economies, and societies
worldwide.
The history of platform technologies is a fascinating journey that has evolved over several decades,
shaping how we interact with computers, build software, and conduct business. Here's a concise
overview of the historical development of platform technologies:
Mainframes were used primarily by large organisations and government agencies for data processing
and scientific calculations.
The advent of personal computers (PCs) marked a significant shift in platform technologies. PCs brought
computing power to individuals and small businesses.
Operating systems like MS-DOS and early Windows (Windows 1.0) versions provided a software
development platform.
Software applications and games for PCs increased, creating a thriving software ecosystem.
The concept of client-server computing emerged, where networks of computers were connected, with
some acting as servers and others as clients.
This era introduced platforms for networked software applications, such as Novell NetWare and
Windows NT Server.
Client-server architecture laid the groundwork for modern networked computing and database
management systems.
The rise of the internet revolutionised platform technologies. The World Wide Web brought about a new
era of interconnectedness.
Web platforms, consisting of web browsers, web servers, and web development frameworks, became
essential for delivering online content and services.
Prominent web platforms included the Apache HTTP Server, Microsoft Internet Information Services (IIS),
and web browsers like Netscape Navigator (later Firefox) and Internet Explorer.
Cloud Computing 2000s to Present:
Cloud computing platforms, such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud
Platform (GCP), emerged to provide scalable and on-demand computing resources.
These platforms revolutionised how businesses operate, allowing them to run applications and store
data in the cloud, reducing the need for physical infrastructure.
Cloud platforms also introduced the concept of Infrastructure as a Service (IaaS), Platform as a Service
(PaaS), and Software as a Service (SaaS) delivery models.
Mobile platforms like iOS and Android have transformed how we interact with technology. These
platforms brought computing power to our pockets.
App stores, such as Apple's App Store and Google Play, provide a platform for developers to distribute
mobile applications.
The mobile platform ecosystem continues to evolve with innovations like wearables and IoT devices.
IoT platforms have emerged to support the growing ecosystem of connected devices and sensors.
These platforms provide the infrastructure and tools to collect, process, and analyse data from IoT
devices, enabling applications in various industries, including healthcare and smart cities.
The rise of blockchain technology introduced decentralised platforms for secure and transparent
transactions and smart contracts.
Platforms like Ethereum and Hyperledger Fabric facilitate the development of decentralised applications
(DApps) and blockchain-based solutions.
Throughout history, platform technologies have evolved to meet the changing needs of businesses and
consumers. They have become the foundation for innovation, digital transformation, and the delivery of
services in an increasingly interconnected and technology-driven world. The future promises continued
evolution and new paradigms in platform technologies as emerging technologies like edge computing,
artificial intelligence, and quantum computing shape the landscape.
IV.
The critical components of platform technologies are the foundational elements that work together to
provide a stable and standardised environment for building and running various applications and
services.
infrastructure,
software, and
networking.
Infrastructure:
Infrastructure in platform technologies refers to the physical and virtual resources that provide the
computing power, storage capacity, and network connectivity needed to support applications and
services.
Hardware Components:
This includes servers, storage devices, network switches, and other physical hardware that form the
basis of the computing infrastructure. Hardware components can vary in size and capacity, ranging from
small servers in a data centre to massive server farms in cloud environments.
Data centres are centralised facilities where organisations house their server infrastructure. Cloud
services offered by providers like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud
Platform (GCP) provide virtualised infrastructure resources that can be accessed and managed over the
Internet. Cloud services offer scalability and flexibility for organisations.
Software:
The software layer in platform technologies encompasses various components and tools that enable
application development, deployment, and management.
Operating Systems:
Operating systems (OS) provide a foundational software layer that manages hardware resources,
controls hardware access, and provides a user interface.
Middleware:
Middleware is software that bridges applications and the underlying hardware and operating systems. It
facilitates communication between different software components, making it easier for developers to
build complex applications.
Development Frameworks:
Development frameworks, such as Java Spring, Ruby on Rails, and .NET, provide a set of pre-built tools,
libraries, and best practices that developers can use to streamline application development. Frameworks
accelerate growth and ensure consistency.
Networking:
Networking components are essential for communication between different parts of the platform and
connecting platforms to other networks and the internet.
The Internet is a global network that connects devices and platforms worldwide. Intranets are private
networks within organisations used for internal communication and data sharing. Together, they enable
the exchange of data and services across vast distances.
Networking relies on standardised protocols and communication standards that ensure compatibility and
interoperability.
Examples include HTTP/HTTPS for web communication, TCP/IP for internet communication, and REST
and SOAP for API communication.
In Summary,
These key components work harmoniously to create a platform technology environment that simplifies
software applications and services development, deployment, and management. Whether the hardware
infrastructure supporting a cloud data centre, the operating system running on a server, or the
communication protocols connecting devices, each component plays a vital role in shaping the
platform's capabilities and functionality. Understanding these components is essential for IT
professionals, developers, and businesses to harness the power of platform technologies effectively.
V.
Hello and welcome back! Today, we're going to delve into the fascinating world of platform technologies
and explore how they create innovative business models and revenue streams.
By the end of this lecture, you'll have a deeper understanding of these platforms' role in shaping our
digital economy. You should be able to:
Explain what platform technologies are and provide examples of different types of platform ecosystems.
Recognize and describe various business models commonly used in platform technologies, such as
commission fees, subscription models, advertising, licensing, and freemium.
Understand how platform technologies generate revenue through different streams, including
transaction revenue, subscription revenue, advertising revenue, licensing and royalties, and data sales.
Differentiate between two-sided, multi-sided, content, and data platforms, and explain how their
business models and revenue streams may vary.
Evaluate Impact:
Assess the economic and societal impact of platform technologies on various industries and sectors.
Let's start with a brief introduction and a short review of what we have already learned.
Platform technologies are digital ecosystems that connect multiple users, often referred to as "platform
participants," to facilitate interactions, transactions, and value creation. Think of platforms as
intermediaries that enable various parties to exchange goods, services, or information.
Two-Sided Platforms:
These connect two distinct user groups, such as buyers and sellers on an e-commerce platform like
Amazon.
Multi-Sided Platforms:
These involve more than two user groups, like ride-sharing platforms connecting drivers, passengers, and
advertisers.
Content Platforms:
These enable creators to share content with their audiences, like YouTube for video creators or Medium
for writers.
Data Platforms:
These offer data and analytics services, allowing businesses to harness the power of data, as seen with
Salesforce.
Now, let's dive into the business models that power platform technologies.
PaaS providers offer a platform with infrastructure, development tools, and services for building,
deploying, and managing applications.
Customers pay regular fees for access to the platform, which often includes hosting and development
tools.
Charges are based on the resources and services customers use during development and deployment.
SaaS platforms deliver software applications over the internet on a subscription basis.
Users access the software via a web browser, eliminating the need for installation or maintenance.
Customers pay recurring fees for access to the software, often on a per-user or per-feature basis.
SaaS providers offer different pricing tiers with varying levels of features and support.
Add-Ons and Upselling: Providers generate additional revenue by offering premium features or add-on
services.
IaaS platforms offer virtualised computing resources, storage, and networking over the Internet.
Customers are charged based on the computing resources, storage, and network bandwidth they
consume.
Providers offer discounted rates for customers who commit to using resources for longer durations.
Providers may charge for data transfer between their infrastructure and external networks.
Platforms collect user data and offer targeted advertising or data insights to third parties, such as
advertisers and marketers.
Platforms generate income by displaying ads to users, with revenue often tied to ad clicks, impressions,
or conversions.
Platforms sell anonymised or aggregated user data to businesses and researchers for analysis and
insights.
Advertising is a prevalent model where platforms monetize user data and traffic to display targeted ads,
as seen on Facebook and Google.
Marketplace and Transaction Fees:
Platforms facilitate transactions between buyers and sellers, charging fees for each successful
transaction.
Platforms offer premium plans to sellers with additional features and lower transaction fees.
Platforms may license their technology or content to other businesses for a fee, like Spotify paying
royalties to musicians
Platforms offer a free basic version of their services (freemium), with advanced features and
functionality available for a premium fee.
Attracts a large user base with a free version while offering premium features to paying customers.
Users pay for access to advanced features, enhanced support, or an ad-free experience.
Platforms offer basic services for free but charge for premium features or content.
This model is common among mobile apps and software like Dropbox.
Now, let's explore the various revenue streams that arise from these business models.
Transaction Revenue:
This stream includes fees from transactions conducted on the platform, such as Amazon's product sales.
Subscription Revenue:
Monthly or annual subscription fees, like those paid by streaming platforms like Netflix or Spotify
subscribers.
Advertising Revenue:
Income from displaying ads to users, often based on pay-per-click or pay-per-impression models, such as
Google's AdSense.
Income generated by licensing technology, patents, or content to other companies, such as Microsoft's
licensing of its Windows operating system.
Data Sales:
Some platforms anonymize and sell user data to third parties for research and targeted advertising,
generating additional income.
Amazon:
Amazon operates a two-sided platform connecting buyers and sellers, generating revenue through
transaction fees, subscription fees (Amazon Prime), and advertising on its platform.
Uber:
Uber is a multi-sided platform connecting drivers and passengers. It earns revenue through transaction
fees from each ride and, in some cases, advertising to passengers.
YouTube:
YouTube is a content platform where creators share videos. It monetizes through advertising and offers a
Premium subscription for an ad-free experience.
While platform technologies have transformed industries, they face data privacy concerns and regulatory
scrutiny challenges.
The future may hold developments like blockchain-based platforms, decentralized finance (DeFi), and
even virtual reality-driven platforms.
In conclusion, platform technologies are changing how we do business and revolutionizing entire
industries.
Their diverse business models and revenue streams provide opportunities for entrepreneurs and
investors alike.
I hope this videl has shed light on the exciting world of platform technologies.
As we move forward in the digital age, keep an eye on the ever-evolving landscape of platforms and their
impact on our lives.
Platform technologies are the underlying frameworks, systems, or infrastructures that enable the
development and deployment of various applications and services.
They serve as the foundation upon which developers build software, and they can take various forms.
Platform technologies come in various types, each designed to serve specific purposes and cater to
different application domains.
An operating system is one of the fundamental platform technologies. It manages hardware resources
and provides essential services to applications.
OS types vary from general-purpose (like Windows and macOS) to specialized (like real-time OS for
embedded systems).
Web Platforms:
Web platforms provide tools and services for creating, hosting, and managing websites and web
applications.
Web platforms enable the development of web applications, websites, and services.
Components include web servers, scripting languages (like PHP, Python, and Ruby), and databases (like
MySQL and PostgreSQL).
Frameworks like Ruby on Rails, Django, and Angular provide development structure and tools.
Examples:
Providers like Bluehost, GoDaddy, and HostGator offer web hosting platforms that allow individuals and
businesses to publish websites online.
Platforms like WordPress, Joomla, and Drupal provide tools for managing and publishing web content.
Mobile Platforms:
Mobile platforms are specialised for building and running applications on mobile devices, such as
smartphones and tablets.
Examples include iOS (Apple), Android (Google), and Windows Mobile (Microsoft).
iOS:
Apple's mobile platform, used for developing and running applications on iPhones and iPads.
Android:
Google's mobile platform, open-source and widely used for various mobile devices.
Development is often done using languages like Swift (iOS) and Java/Kotlin (Android).
Computing platforms provide the foundational infrastructure for running software applications and
services. They encompass both on-premises and cloud-based solutions.
Leading providers include Amazon Web Services (AWS), Microsoft Azure, Google Cloud, and IBM Cloud.
Services include Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service
(SaaS).
Examples:
On-Premises Servers:
Traditional servers and data centres where organisations host their computing infrastructure.
Providers like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP) offer
scalable cloud computing resources accessible over the internet.
IoT platforms enable the development and management of IoT devices and applications.
They often involve hardware components, connectivity protocols, and cloud services.
Examples include AWS IoT, Azure IoT, and Google Cloud IoT.
A cloud-based platform that enables secure and scalable communication between IoT devices and
applications.
Provides tools for connecting, managing, and analysing data from IoT devices.
Blockchain Platforms:
Blockchain platforms support developing and deploying blockchain-based applications and solutions.
Blockchain platforms are used to build decentralized applications (DApps) and manage distributed ledger
technology.
The popular blockchain platforms are Ethereum, Hyperledger Fabric, and Binance Smart Chain.
Ethereum:
A decentralised blockchain platform that allows developers to create and run smart contracts and
decentralised applications (DApps).
Hyperledger Fabric:
Containerization Platforms:
Container platforms like Docker and Kubernetes provide tools for packaging and managing applications
and their dependencies.
DevOps Platforms:
These platforms facilitate developing and deploying AI and machine learning models.
Examples include TensorFlow, PyTorch, and cloud-based services like AWS SageMaker.
Unity and Unreal Engine are commonly used for AR/VR development.
These types of platform technologies cater to various application domains and use cases.
The choice of medium depends on the specific requirements and objectives of the developed application
or service.
For instance, computing platforms offer the flexibility to run a wide range of software applications,
mobile platforms target mobile app development, web platforms are ideal for website hosting, IoT
platforms support the Internet of Things ecosystem, and blockchain platforms provide secure transaction
solutions.
Each of these platform technologies plays a critical role in modern software development, and choosing
the right platform is essential for building successful applications and services. Depending on your
interests and career goals, you may find yourself working with one or more of these platforms in your
future endeavors.
VII.
Platform technologies have transformed numerous industries by providing the tools and infrastructure
needed to innovate, streamline operations, and reach new markets.
Here are some of the industries that have undergone significant transformation thanks to platform
technologies:
Healthcare:
Platform technologies have revolutionized healthcare through telemedicine, electronic health records
(EHRs), remote monitoring, and data analytics.
These platforms enable remote patient consultations, better data management, and more efficient
healthcare delivery.
Examples:
Telehealth platforms like Teladoc, EHR systems like Epic, and IoT healthcare devices that collect patient
data.
Financial institutions have adopted platform technologies to offer online banking, mobile payments, and
fintech solutions.
These platforms enhance customer experiences, increase security, and improve financial services.
Examples:
Online banking platforms from traditional banks, mobile payment platforms like PayPal, and investment
platforms like Robinhood.
Manufacturing:
Transformation:
Manufacturing has embraced IoT platforms to optimize production processes, monitor equipment
health, and enable predictive maintenance.
Examples include IoT platforms like Siemens MindSphere and predictive maintenance solutions from IBM
and General Electric.
E-commerce:
E-commerce platforms have revolutionized retail by providing online marketplaces, digital payment
systems, and personalized shopping experiences.
Examples:
E-commerce platforms like Amazon and eBay and payment gateways like Stripe and Square.
Examples:
Logistics platforms like Flexport, ride-sharing platforms like Uber, and package tracking systems from
carriers like FedEx and UPS.
Education:
EdTech platforms have transformed education by offering online learning, remote classrooms, and
personalized learning experiences. These platforms increase access to education and adapt to diverse
learning needs.
Examples:
Learning Management Systems (LMS) like Canvas, online course platforms like Coursera, and virtual
classroom platforms like Zoom for Education.
Digital platforms for content delivery, such as streaming services and social media, have disrupted
traditional media and entertainment.
Examples:
Streaming platforms like Netflix, social media platforms like Facebook and TikTok, and gaming platforms
like Steam.
Energy and utility companies use IoT platforms to monitor and optimize energy distribution, manage
intelligent grids, and promote energy conservation.
Examples:
IoT platforms like Schneider Electric's EcoStruxure and intelligent grid solutions from companies like
Siemens.
These industries represent just a fraction of those transformed by platform technologies. Virtually every
sector has been touched by the power of these platforms, demonstrating their versatility and impact on
the modern business landscape. As technology continues to evolve, the potential for further
transformation across industries remains vast.