Self-Disrupting...3..2..1..

This is a very interesting article as it truly shows how traditional business are being disrupted directly by platform business models. Similarly, to Ali Baba and Bitcoins, they are creating new ways of sweeping across the economic landscape. Though this is not new, the advent of digital technology is now creating new scenarios on how companies should be conducting their businesses. One should always be on their toes in case a new technology will come around. The online platforms are able to level the competition in terms of reach and accessibility. At the end of the day, customers should be the direct beneficiaries here. How can you simplify lives. This is the key in today's society.

As we venture into the digital age, some companies have four elements/factors that made them become so powerful. This is what is shaping their success. Peter Hinssen makes a very good analysis on this. They are being Data-driven, Algorithm-Prone, Network Sensitive and Cash Flow Rich. This ingredients help them gobble up the market at such incredible pace. He explains further that, "the network disruptors excel at bypassing rules and conventions. That’s because the existing market rules were created for the traditional businesses of the past. The regulators that developed the governance for the current markets developed their ideas in the 20th century, and the network players operate in the 21st century. That's why many platform businesses are illegal when they start."

For us to survive this wave we must use their strengths to shape our own tomorrow. You can read this further in the book "The Day After Tomorrow"

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Full article can be read here:

https://www.forbes.com/sites/peterhinssen/2017/05/31/what-we-can-learn-from-platform-disruptors/2/#1b7f020577d3

Listed below is a snippet of the HBR article on the top online platforms.

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