Tethered Digital Platforms (PowerPoint PPTX)

DESCRIPTION

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."

This presentation provides a framework for business leaders and managers to leverage the power of the Sharing Economy through 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.

We would further deep dive into Tethered Digital Platforms to help leaders develop their Platform strategy by addressing 3 key questions related to the topic.

1. How to assess current products and their suitability for Platforms?
2. How to make products suitable for Platforms?
3. How to develop a Platform Strategy?

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

This comprehensive guide delves into the intricacies of Tethered Digital Platforms, offering a detailed examination of their components and the pivotal role of sensor data. The PPT outlines how legacy businesses can transition from traditional production ecosystems to dynamic consumption ecosystems, leveraging data to create new value chains. It highlights the importance of integrating products, customers, and third-party providers to foster a robust sharing economy.

The presentation also covers the strategic considerations necessary for developing a successful platform strategy. It provides insights into the three key attributes of sensor data—scope, uniqueness, and controllability—and how these factors influence platform service offerings. By optimizing these attributes, businesses can craft tailored platform strategies that maximize market potential and drive competitive advantage.

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Source: Best Practices in Digital Transformation, Internet of Things, Platform Strategy PowerPoint Slides: Tethered Digital Platforms PowerPoint (PPTX) Presentation, LearnPPT Consulting