Until recently, most traditional companies could not adapt their established business models to participate in the so-called Sharing Economy. However, sensors and related technologies are changing that reality.

Sensors and the Internet of Things (IoT) are expected to connect 20 billion to 50 billion smart devices and products in the coming years, creating new consumption ecosystems and fresh avenues for competition through "Platforms" or more specifically "Tethered-Digital-Platforms." A Platform is a plug-and-play business model that allows multiple participants (producers and consumers) to connect to it, interact with it, and create and exchange value.

This presentation provides a framework for business leaders and managers to leverage the power of Sharing Economy through Platforms. It first discusses the 5 types of Digital Platforms:

1. Supplier to Digital Platforms
2. Collaborative Tethered Platforms
3. Enabled Tethered Platforms
4. Fully Tethered Platforms
5. Hybrid Tethered Platforms

We would further deep dive into Tethered Digital Platforms to help leaders develop their Platform strategy by addressing 3 key strategic considerations, each corresponding to a type of strategy:

1. Sensor Strategy
2. User Acquisition Strategy
3. Digital Platform Strategy

This deck also includes slide templates for you to use in your own business presentations.

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