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The Rise of the platform economy

The rise of the platform economy The platform economy poses significant questions, challenges and opportunities for society, the labour market and organisations The world is going through a new economic revolution, disrupting the economy, businesses, labour markets and our daily lives in a way not seen since the industrial revolution. Driven by technological innovations an The Rise of the Platform Economy Utopia or dystopia. The debate about the impact of the platform economy is an extension of a discussion that began in... The key technologies. The algorithmic revolution and cloud computing are the foundations of the platform economy. But... Economic consequences.. The importance of platforms is closely linked to the concept of network effects: The more products or services it offers, the more users it will attract. Scale increases the platform's value. A digital platform economy is emerging. Companies such as Amazon, Etsy, Facebook, Google, Salesforce, and Uber are creating online structures that enable a wide range of human activities. This opens the way for radical changes in how we work, socialize, create value in the economy, and compete for the resulting profits. Their effects are distinct and identifiable, though certainly not the only. The rise of the platform economy. December 27, 2020 | Seb Ripard | 0 4 min read. Due to the lockdown measures, most activities have moved online, this proving to be a lifesaver for some.

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The Rise of the Platform Economy Issues in Science and

The rise of platforms has been met by a mixed response from commentators. Many have been enthusiastic, arguing that platforms can improve productivity, reduce costs, reduce inefficiencies in existing markets, help create entirely new markets, provide flexibility and accessibility for workers, and be especially helpful for less developed countries Global small and medium-sized business trade is on the rise, driven by the growth of platforms such as Alibaba, which allow much smaller enterprises to participate in global trade, without the need to invest in their own supply chains. As these platforms scale, control over trade could shift from countries to these digital platforms. In a world dominated by platform companies that offer ways for customers and companies to connect, countries that want to act as global trade hubs. The Rise of the Platform Economy. Issues in Science and Technology 32 (3): 61-69. Zysman, J. and M. Kenney. 2017. Intelligent Tools and Digital Platforms: Implications for Work and Employment. Intereconomics: Review of European Economic Policy (6): 329-334.Quote of the month selected by Intereconomics. (W)e must proceed in a way that allows citizens, in their multiple roles as workers and consumers, to participate in shaping the future, not just allowing it to happen to them. It is not a. In Monopolies Are Distorting the Stock Market, we examined the rise of superstar firms with supernormal profits and deep moats. Platform giants are the ultimate superstar company. Network effects provide one of the deepest moats. Once the market is locked, it is very challenging for upstart competitors to lure away users, resulting in supernormal profits. In a competitive market, these profits would be competed away. However, network effects prevent or at least greatly slow this mean.

The Rise of the Platform Economy - WS

  1. The rise of the platform economy. A digital platform economy is emerging. Companies such as Amazon, Etsy, Facebook, Google, Salesforce, and Uber are creating online structures that enable a wide range of human activities. This opens the way for radical changes in how we work, socialize, create value in the economy, and compete for the resulting.
  2. As a recent World Economic Forum report explores, the shift underway from the linear, resource-heavy, producer-driven industrial model to the demand-driven, multi-sided Platform model is both profound and irresistible. Platforms are certainly efficient in their flexibility, transactional speed and ability to scale up
  3. economy, the platform provides a new structure to quickly and effectively match with low search cost [16] and acts as an intermediary between the buyer and the seller [17]
  4. Gojek and ThoughtWorks Fireside Chat on the Rise of the Platform Economy
  5. ed by the social, political, and business choices we make. A digital platform economy is.
  6. g. It encompasses a growing number of digitally enabled activities in business, politics, and social interaction which is further changing the nature of work and structure of economy. The report further discusses the.
  7. ed by the social, political, and business choices we make. A digital platform economy is emerging. Companies such as Amazon, Etsy
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The rise of the platform economy - Times of Malt

The Rise of Gig Economy. August 26, 2020 12:51 pm. August 27, 2020. The way we work is changing and there is no denying the rise of the gig economy in recent years. From the changing dimensions of nature of work to organisations forced to become more flexible, agile and streamlined, it'll be interesting to see how gig economy will stay and. The conference will cover the rise of digital platforms, catalyzing value-creating interactions between various groups of participants, either in two-sided markets where two distinct types of participants interact (e.g., ride-hailing apps and food delivery apps) or multi-sided markets such as Google—a search engine—that connect users, content providers, and advertisers. In particular, the.

The Rise of the Platform Economy. The advent of online platforms enables private individuals to share goods on a massive scale, making people less reliant on private ownership. The sustainability effects such sharing platforms, however, are ambiguous. What is more, platform companies such as Airbnb, Deliveroo and Uber clash with current laws and regulations regarding privacy, decent work. The world is going through a new economic revolution, disrupting the economy, businesses, labour markets and our daily lives in a way not seen since the industrial revolution. Driven by technological innovations and increased online connectivity, the role of digital labour market matching is rising. At the heart of this change is the rise of the platform economy The Rise of the Platform Economy: A New Challenge for EU Consumer Law, 5 (2016) Journal of European Consumer and Market Law 3 (Publisher: C.H.Beck) 9 Pages Posted: 26 Mar 2016. See all articles by Christoph Busch Christoph Busch. University of Osnabrück - European Legal Studies Institute; Yale University - Yale Information Society Project . Hans Schulte-Nölke. European Legal Studies.

The Rise of the Platform Economy. by Martin Kenney, John Zysman 4 Replies The application of big data, new algorithms, and cloud computing will change the nature of work and the structure of the economy. But the exact nature of that change will be determined by the social, political, and business choices we make. A digital platform economy is emerging. Companies such as Amazon, Etsy. The rise of the platform economy Meta description The application of big data, new algorithms, and cloud computing will change the nature of work and the structure of the economy

The aim of this paper is to reflect upon the need to adjust EU consumer contract law to take into account the changing market structure caused by the rise of online platforms such as Airbnb, Uber or Amazon Marketplace. It is argued that the existing regulatory framework is primarily focused on 'bipolar' transactions between businesses and consumers, and therefore does not provide adequate. THE RISE OF THE PLATFORM ECONOMY News. Tweet. Whatsapp. The COVID-19 pandemic has accelerated the pace of digitalisation since confinement measures and closure of frontiers have led most sectors of the economy and society to move their activities online. Although digitalisation of traditional sectors could already be observed before the COVID-19 pandemic, the latter has significantly. The rise of the platform economy. Lesezeit: 1 min. Big Data, neue Algorithmen und Cloud-Computing werden unsere Arbeit und unsere Wirtschaft verändern. Aber, so zwei amerikanische Forscher und Professoren in Issues in Science and Technology, wie genau diese Veränderungen aussehen, wird von unseren sozialen, politischen und.

The Rise of the Platform Economy: A New Challenge for EU

Why the platform economy can unlock prosperity for billions of workers. The rise of the platform economy . Uber has provided a model, and shown some of the pitfalls, for service-providing digital companies. • The platform economy could provide a boost to employment during the pandemic recovery period Review: The Rise of the 'Matchmakers' of the Digital Economy. Many of the young giants of the digital economy share a common characteristic. They are platforms that provide valued connections. The rise of the digital economy: What is it and why it matters for Singapore A file photo of Singapore's central business district skyline on May 10, 2019. (File photo: R/Kevin Lam

The rise of the platform economy in financial services

The Rise of Open Source: Pandemic, Economy, Efficiency, Trust. Those familiar with open source know that it works and comes with many benefits. A testament to the rising adoption of open source is. Rise of subscription-based platforms. The ability for influencers to charge for access to their content has been enabled by the rise in subscription-based platforms such as Twitch, OnlyFans, and Patreon. Speaking recently with Bloomberg, OnlyFans CEO Tim Stokely said devotees of his site crave a level of interaction and intimacy with the creator that they don't typically get on Instagram. The Rise of the Platform Economy. Reading time: 1 min. Share on Facebook; Share on Twitter; Share on LinkedIn; Share by email; The application of big data, new algorithms and cloud computing will change the nature of work and the structure of the economy. But, as two American research professors write in the Issues in Science and Technology journal, the exact nature of that change will be.

Platforms are the matchmakers and the taste-makers in today's digital content market and are gaining huge market power. Sangeet Choudary How do you explain the rise of the platform economy? The content market has been transformed by digitization over the past 20 years. In the pre-digital era, content was monetized and distributed via a bundle. The Rise of the Platform Economy: Policy Issues, Business Choices, and Research Questions 1. Berkeley Roundtable on the International Economy University of California, Berkeley The Rise of the Platform Economy: Policy Issues, Business Choices, and Research Questions August 30, 2016 John Zysman Co-director, BRIE Professor Emeritus, UC Berkeley Zysman.john@gmail.com www.brie.berkeley.edu * A. The Rise of the Data Economy Data Economy Framework The Data Economy Framework was developed to characterize companies, their roles, capabilities, and overall trends in how they act in the data economy. As highlighted in Figure 2, the future marketplace contains Data Presenters, Insight Providers, Platform Owners The Rise of the Platform Economy: Utopia or Dystopia? Lecture by John Zysman Monday, November 16, 2015, 4 p.m., Room B 002/003 Buzz words like industry 4.0 or digital capitalism have become popular to allude to new technologies and challenges to prevailing production systems. While the inter- net is central to the digital revolution, the links between the internet and changes in the.

The economic importance of the platform economy. One of the most significant developments in the last 20 years is the rise of online platforms. They include online marketplaces, social media, app stores, price comparison websites as well as search engines, and it is hard to imagine life without them. By making cross-border trading within and outside the EU easier, platforms have brought. The term platform economy inherently implies ease, convenience, personalization and all things as-a-service. More importantly, it focuses on integration with multiple partners in the ecosystem. Put simply, it's the uberization of financial services. As an example, even after a Fortune 100 insurance company had successfully navigated the impacts of the internet to ensure a balance. The Meteoric Rise of Shared Economy Platforms. DYT — Do Your Thng. Aug 26, 2019 · 6 min read. As a young entrepreneur, the one question I am asked infinite times is what's a shared economy platform? Bear with me, those of you rolling your eyes. You are the outliers. The average person doesn't look at Uber and Airbnb from your eye-glass. For them, these are just apps that help.

The rise of the platform economy - The Agility Effec

Keynote Speech by Koen Frenken: The rise of the platform economy ( 20th of August 2020, 14.00-15.30) Discussants: Matthias Weber . Currently, 7 out of 10 the companies with the highest market value are categorized as platform businesses. These leading platform businesses are based in China and the USA, while European business have not entered the market on this stage so far . In face of. The Rise of the Platform Economy. by Martin Kenney, John Zysman 4 Replies The application of big data, new algorithms, and cloud computing will change the nature of work and the structure of the economy. But the exact nature of that change will be determined by the social, political, and business choices we make. A digital platform economy is emerging. Companies such as Amazon, Etsy, Facebook. Platform businesses comprise a large and rapidly growing share of the world economy. Examples are as diverse as barcodes, credit cards, container shipping, DVDs, HMOs, instant messaging, package delivery, real estate brokerage, shopping malls, video games, and web search. Sixty of the world's 100 largest companies earn most of their revenue from such networks, including American Express, Cisco. Based on Census Bureau historical data and Morgan Stanley forecasts, 45% of prime working age women (ages 25-44) will be single by 2030—the largest share in history—up from 41% in 2018. Single women are expected to grow +1.2% annually from 2018-2030 compared with +0.8% for the overall U.S. population The Rise of Digital Platforms - Opportunities and Threats for UK and European BusinessesExecutive Briefing, February 2016, The Shard, LondonBusinesses predom..

The rise of the platform economy is a manifestation of China's economic trends and public demand. It has upended the outmoded traditional business ecosystem. Thanks to a variety of innovations, along with inclusive and prudent supervision, the platform economy has grown rapidly, even becoming a monolith. Internet platforms' rise from small businesses to tech giants has come along. Platforms, APIs and open banking are rewriting the rules and creating powerful new ways to engage with the customer at lower cost. When it comes to future technologies how should bank leaders shape their strategy to embrace digital and make the most of the opportunities in the face of limited budgets, rising costs and a [ The Rise of the Platform Economy (issues.org) 67 points by jonbaer on Aug 14, 2016 | hide | past | web | favorite | 18 comments: nostromo on Aug 14, 2016. Why do academics write in such an unreadable, handwavy manner? > IT-enabled services transformation, as our colleagues Stuart Feldman, Kenji Kushida, Jonathan Murray, and Niels Christian Nielsen have argued in other venues, was based on the. Last year, gig economy platforms like UpWork and Fiverr saw their numbers reach new highs as demand for professional services soared. For instance, Fiverr, which has 3.4 million active buyers, saw its revenue grow 77% year-on-year to top $189.5 million in 2020. Homegrown African companies such as TalentQL, Semicolon, Gebeya and Decagon are equally connecting Africa's top developer talent to. Market definition and market power in the platform economy. May 8, 2019. With the rise of digital platforms and the natural tendency of markets involving platforms to become concentrated, competition authorities and courts are more frequently in a position to investigate and decide merger and abuse cases that involve platforms

Bergman and Jean include freelancers as one of the categories of workers who are understudied in the industrial and organizational (I-O) psychology literature.This neglect is particularly striking given the attention paid by the popular media and by politicians to the rise of the gig economy, comprising primarily short-term independent freelance workers (e.g., Cook, 2015; Kessler, 2014. Request PDF | The Rise and Role of Africa's Platform Economy in Inclusive Development | Digital platforms are bridging barriers to financial and economic inclusion and in the process giving rise.

The Platform Economy - Harvard Business Revie

In June 2017, Matt Hall and John Watkinson released 10,000 CryptoPunks, a set of tokenized 24x24 pixel art images built on top of Ethereum. Each Punk was unique and could be officially owned by only one person. Originally free and available for anyone to claim, the value of these tokens (or NFTs) has since exploded and the most expensive one was recently sold for $7.6Mn The rise of platform labour: a fair 'sharing economy' or virtual Wild West? Protecting employment rights in an increasingly digital labour market Digital technology is transforming the future of work. Leading this trend is the proliferation of online platforms for managing work, from taxi app Uber to small job outsourcer TaskRabbit to crowd-working marketplaces such as Upwork. This.

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The Rise of the Platform Economy The Berkeley Roundtable

While this new economy is commonly referred to as the information economy, Goldhaber argues that attention, not information, is a scarce commodity. With the birth of various social media platforms and the rise in the amount of information in the 2000s, this scarce and valuable resource was utilized as a currency. You get free or. Most platforms are parasitic: feeding off existing social and economic relations. They don't produce anything on their own - they only rearrange bits and pieces developed by someone else.

Platform economy - Wikipedi

Exclusive interview: Why Sahil Lavingia is betting his company on the rise of the creator economy View transcript. Danny Konstantinovic. 4.2.21 2:00 PM Share on LinkedIn. Share on Twitter. Share on Facebook . Copy link. When you visit Gumroad's website, one of the first things you see is a simple promise. Gumroad makes it possible for you to: Escape your 9-5 desk job. Take off your suit and. E-Book Rise of the Platform Economy. Das Geheimnis plattformbasierter Geschäftsmodelle und wie man sie erfolgreich gestaltet. Der Faktor Information hat sich in ein maßgebliches Handels- und Produktionsgut verwandelt. Das führt dazu, dass sich Märkte strukturell verändern und neue, digitale und plattformbasierte Geschäftsmodelle in vernetzten Ökosystemen entstehen. In 2012 waren gerade. The rise of the platform economy in financial services. By Mitesh Soni, chief evangelist, platform, innovation, fintech at Finastra. 24 October 2019 . Platforms, APIs and open banking are rewriting the rules and creating powerful new ways to engage with the customer at lower cost. When it comes to future technologies how should bank leaders shape their strategy to embrace digital and make the. The Rise of the Digital Platform Economy Digital platforms, such as Amazon, Etsy, Facebook, Google and Uber, to name a few, are radically changing how we work, socialize, create value in the economy and compete over shares of total value created. This new, digitally based economy has been given a variety of names based on its perceived attributes. It has variously been called the Platform.

Title: The Rise of the Platform Economy. A New Challenge for EU Consumer Law? Author(s): Busch, C.; Schulte-Nölke, H.; Wiewiorowska-Domagalska, A.; Zoll, F. the rise of the platform economy and the ways the platform is changing each stage and aspect of market transaction costsIn particular, . Part IIA develops a novel taxonomy of ten distinct principles of the platform that together hold the potential to reduce transaction costs to their ideal zero: uber-scale, resurrection of dead capital, the tailoring the unit, the . 30-Sep-15] The Law of the. Analyzing platforms' immense impact on contemporary media such as video streaming, music, and gaming, The Platform Economy fills in neglected parts of the platform story. In narrating the rise and fall of Japanese platforms, and the enduring legacy of Japanese platform theory, this book sheds light on contemporary tech titans like Facebook, Google, Apple, and Netflix, and their platform. 2020 saw huge growth for the subscription economy. In light of this stellar growth Braze, a leading customer engagement platform, hosted a panel session as part of The Drum's Digital.

Video: The Platform Economy

As the world starts to open up, digital-first behaviors are giving rise to an appointment economy to enhance customer engagement and experiences. Appointments-as-a-service convey that customers. The sharing economy is ramping up in Europe with an expected participation of over 150 million consumers in the next year. In an article for Tech City News, Ryan Fowler (@RyanFowlerTCN) details this immense expected growth that could benefit many European consumers.@RyanFowlerTCN) details this immense expected growth that could benefit man The passion economy creates the possibility of individuals turning their passions into livelihoods. Whether it's playing video games, running fitness classes, or selling niche fashion items, the. In only a few short years, the sharing economy has become a ubiquitous concept. While still in its infancy, the sharing economy has disrupted a number of industries with lightning speed. Any industry could potentially benefit from, or be disrupted by, the rise of collaborative consumption and the proliferation of asset-sharing models With the rise of the Online Platform Economy, this last option has likely become more available. When a family experiences a cash-flow interruption, they can adjust by spending down savings, borrowing, cutting expenditures, or generating supplementary income. With the rise of the Online Platform Economy, this last option has likely become more available. In this study, we report that supply.

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The second-biggest cryptocurrency after Bitcoin is more than digital money — it's the foundation of a multi-billion dollar economy. From DeFi to digital art, understand the forces at work behind the rise of Ethereum The Platform economy (PE) - also known as the Collaborative Platform Economy or Sharing Economy - is used as a floating signifier for the collaborative production, consumption and distribution of work and capital among disseminated groups of people supported by digital platforms. The PE is growing rapidly and exponentially, generating great interest. The situation created by COVID-19 has. While platform economy offers the most profitable and lucrative business model, online marketplaces are still tough to build and achieve the critical mass. Here comes the chicken and egg conundrum The Rise of Platform Business Models. We have seen an incredible rise of platforms that have become part of our everyday lives. Whether it's Apple, Google, eBay, Amazon, Android, Facebook, Microsoft, Alibaba, Salesforce, Uber, Airbnb, PayPal or one of the many others, they all have become some of the hottest companies that consumers value This rapidly growing practice has given rise to a new 'platform economy', which has been broadly described as an economy in which social and economic interactions are mediated online, often by apps (Kenney and Zysman 2016). While online platforms go back to the late 1990s (e.g. eBay), it was not until the marked success of Airbnb (founded in 2008) and Uber (founded in 2009) that the.

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The digital platform economy's rise heralds a new era of efficiencies for those willing to participate. Embodied by the likes of Uber and Amazon, the platform economy continues to disrupt traditional industries, from transport to retail and financial services. To some, it is an existential threat. To those that embrace it, it offers the prospect of deeper client relationships and a step. 6 Platforms and Ecosystems: Enabling the Digital Economy Executive summary Digital platforms are expanding across economies, reshaping the business models of a wide range of industries, from finance and healthcare to media and retail, while creating fundamentally new divisions of public and private responsibility. The companies driving this trend are diverse and disparate. Some are start‑ups. Often, when talking about the gig economy, the subject is usually platform economy—and more specifically platform work. App-based transportation—like Uber, food delivery, or other consumer-facing services—represents particularly visible changes to work. Throughout this chapter, the focus will be narrower than the gig economy, examining how gig work is increasingly being mediated via.

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