IPS panel Trends

Business Platform refers to a business model that focuses on facilitating interactions between users, groups, and people by leveraging network effects. It involves a circular model of business, where businesses enable and facilitate transactions between two or more parties. Popular examples of successful digital platforms include social media platforms like Facebook, Twitter, Instagram, and LinkedIn, knowledge platforms like StackOverflow, Quora, and Yahoo! Answers, and media sharing platforms like YouTube, Spotify, and Vimeo. A successful platform business model typically exhibits characteristics such as homogeneous supply, collaboration, scalability, and asymmetric growth. Creating a business platform involves developing a technology infrastructure, establishing rules and regulations for users, and creating value for stakeholders. Platform businesses have become increasingly popular in recent years, with several of the top-most valued companies in the world being platform-based.