#11COVER STORY

THE RISE OF PLATFORM BUSINESSHow digital networks are changing competition

Whether we have purchased a book through Amazon or watched videos on YouTube, most of us have used a digital platform – an online framework for social and marketplace interactions. From Alibaba to eBay to Google, platform dealings have become part of everyday life for consumers. Now businesses are creating these high-value exchange environments to facilitate interaction with one another and, in the process, a pivotal change in the way businesses compete.

#11COVER STORY

BIG PROFITS FROM BIG DATAPlatforms create another potential revenue stream with platform-generated data

Platforms collect data from many sources, with multiple benefits for the platform provider and member companies. The data they generate can enable the platform company to make smart business decisions, while opening new markets to its members. Whether a platform operator chooses to analyze the data itself or sell it to others for analysis, the data represents money to be earned.

#11COVER STORY

COMPLEMENTARY GROWTHOffering related products and services can help platforms keep expanding

A typical product line has linear growth – a direct result of a product or service sold to increasing numbers of consumers. A multisided business platform that connects customers or groups with multiple products or services, however, allows for complementary growth. By first creating a healthy ecosystem, multisided platforms are benefiting from additional revenues by expanding into unexpected areas.

#11COVER STORY

EXPERT OPINION Businesses are moving to platform-powered ecosystems

B2B platforms are very different to launch and to scale from B2C platforms. Ironically, 15 years ago, many people felt that B2B platforms would be more successful than B2C platforms. The opposite happened, partly due to the fact that many large firms were not prepared to relinquish control of their business relationships to a platform, or could not agree to governance principles. Small firms were rarely connected to the Internet at the time and, therefore, could not participate.

#11BUSINESS

MATE RIMACYoung Croatian inventor aims to electrify the entire world of transportation

Starting as a young boy who wanted to build the world’s fastest car, Mate Rimac is now CEO and founder of Rimac Automobili, a Croatian technology company that manufactures high-performance electric vehicles and supplies electric propulsion systems to top global manufacturers of cars, ships and airplanes. Compass spoke with him about the challenges of a startup and his mission to change the future of transportation.

#11SOCIETY

CIRCULAR CITIES Reducing, reusing and repairing to eliminate waste

Cities consume 75% of the world’s natural resources and produce 50% of its waste, according to the Ellen MacArthur Foundation, a UK-based nonprofit organization that promotes the reduction, reuse or recycling of everything. As urban populations grow and the challenges of supply and removal get bigger, policymakers, educators and businesses are working toward a “circular economy,” which seeks to minimize consumption and maximize reuse of products, components and materials.

#11EDUCATION

EDUCATION AND RESEARCH IN 3DLifelike learning helps students achieve while expanding the boundaries of knowledge

For decades, industries worldwide have steadily advanced their businesses with increasingly sophisticated 3D virtual models that accelerate discovery, enable collaboration and improve quality. Although 3D also is proven to help both students and researchers accelerate their quests for knowledge, the technology has been slow to permeate education and research. Compass looks at three new projects that are changing that trend, using 3D to help students succeed in school and improve their job prospects, as well as helping researchers accelerate the pace of medical discovery.

#11EDITORIAL

EDITORIALMonica Menghini

Executive Vice President, Chief Strategy Officer

Dassault Systèmes

 
It is rare for a sequel to do better than the original. But that is precisely what is likely to happen in the case of platform business models.

The B2C platform model – the one that has made companies like Alibaba, Apple, Google and Amazon incredibly rich and influential – is the original story. It appeared in the 1990s. But now the sequel, the B2B platform business model, could end up stealing the show.

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