Entertainment-industry platforms are changing fast!
However, companies often fail to turn their products into industry platforms.
Participants are exposed to a range of strategies, from product platform, to supply chain platform, to industry platforms.
We analyze the differences in intent between product platforms and industry platforms, and identify the boundaries of their product platform strategy.
"This initial offering of Watson Financial Services is emblematic of the transformative cloud-based solutions that IBM Industry Platforms will bring to clients".
Tackling industry-wide issues collectively can accelerate the pace of change in a cost-effective way and collaborative industry platforms are becoming increasingly popular.
"We always have to fight a little bit harder to get spaces on industry platforms and a few years ago we were regularly asked; 'Can you really do a project that involves three or four countries?
"What Watson is doing to transform oncology by working with the world's leading oncologists, we will now do for regulation, risk and compliance," Bridget van Kralingen, a senior vice president for IBM's industry platforms team, said in a statement.
For the global automotive industry, platforms are the panacea of the 1990s, the perfect way to combine economies of scale, globalisation, multi-branding, and rapid rates of new product introduction.
A well-known figure on industry platforms, he also featured as the "travel guy" on Steve Wright's BBC Radio 2 show, although his profile faded in the UK after he relocated his company to Mallorca to cut costs, following public disputes with Abta and the CAA over what he saw as burdensome regulation.
We divide the discussion into two main types: product platforms designed by individual companies or assemblers of closed supply chains to develop new products or services on the basis of common and reusable components and architectures, and industry platforms which act as a foundation for an ecosystem of firms to develop a set of interrelated products and services.
