Platform Economy: Converging IoT Platforms and Ecosystems

Item Type Book Section
Abstract Platform companies like Airbnb, Amazon, or Google dominate our economy, and many more are on the rise to disrupt entire industries. In fact, eight of the ten most valuable companies worldwide follow a platform business model. Their success depends heavily on developing and sustaining network effects. This makes it almost inevitable for managers to analyze their own opportunities and risks in the platform economy. For traditional and product-focused companies, the Internet of Things has created new opportunities for platform business. In this article, we explain how the underlying platform mechanics work and bring together the perspectives of IoT, platform, and ecosystem. Using three successful but distinct IoT platform examples, we illustrate that platforms are not only for digital players and highlight key success factors for any practitioner looking to develop and manage an (IoT) platform.
Authors Jung, Sven; Wortmann, Felix; Bronner, Wolfgang & Gassmann, Oliver
Editors Gassmann, Oliver & Ferrandina, Fabrizio
Language English
Subjects business studies
information management
HSG Profile Area SoM - Business Innovation
Date 2021
Publisher Springer
Place of Publication Cham
Title of Book Connected Business: Create Value in a Networked Economy
ISBN 978-3-030-76896-6
Depositing User Sven Jung
Date Deposited 28 Aug 2021 12:51
Last Modified 08 Dec 2021 08:44
URI: https://www.alexandria.unisg.ch/publications/263793

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Jung, Sven; Wortmann, Felix; Bronner, Wolfgang & Gassmann, Oliver: Platform Economy: Converging IoT Platforms and Ecosystems. In Gassmann, Oliver & Ferrandina, Fabrizio (ed.): Connected Business: Create Value in a Networked Economy. Cham : Springer, 2021,

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https://www.alexandria.unisg.ch/id/eprint/263793
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