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The latest updates from our team of experts. Find out what’s happening here at 6fusion and our take on the industry at large.

Future of Technology: From Products to Platforms

 

The only constant in life is change; predicting what that change will be and when it will happen is what we aren’t able to control (well, at least not yet!), but based on certain trends and where technology appears to be heading, we have a good idea of what to expect moving forward.

While actual physical products (ex: smartphones, tablets, etc.) are useful and an important part of the technological landscape, there has been (and continues to be) a shift toward the use of digital platforms.

“Platforms are a way for companies to create marketplaces that allow both sides of the transaction to flourish—while the firm, as gatekeeper, enjoys a tidy revenue stream. This is hard to pull off. The platform must ensure that standards are high, and also attract different sets of participants (like drivers or app developers on one side and customers on the other). But platforms are very valuable when they work, since they scale beautifully in a digital setting. The meatiest part of the book is the treatment of platform economics, replete with demand-curve charts.” (source: economist.com)

Here at 6fusion our aim has always been to use technology to the benefit of optimizing and simplifying important business functions related to managing financial efficiency. Read more about us and watch how we can help your business.

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