What are Digital Business Platforms?

A platform refers to a product that enables or serves other products or services. In the context of digital business, platforms exist at several levels. They range from high-level platforms that allow a platform business model to low-level platforms that offer a collection of business and technology capabilities consumed by other products and services to deliver business capabilities of their own.

Business Benefits of Digital Business Platforms

1. Puts people as the business focus
2. Makes tools independent and teams can change tools distinctively
3. Trims down costs significantly
4. Shortens business processes
5. Simplifies maintenance and upgrades