The Role of Analytics in Data-Driven Business Models of Multi-Sided Platforms: An exploration in the food industry

Isabelle, Diane A.; Westerlund, Mika; Mane, Mohnish; Leminen, Seppo

doi:10.22215/timreview/1371

Cited by 14 publications

(8 citation statements)

References 33 publications

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“…Author(s) Scope Guggenberger et al [30] Understanding the characteristics and different digital models is discussed. Isabelle and Westerland [31] A relationship between digital technologies and professional service firms was studied.…”

Section: Methodsmentioning

confidence: 99%

Analysis of digital platforms' business models and their applications in the 4th industrial revolution

Shenkoya

2022

J Eng Technol Rev

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Digital revolution, as a result of the fourth industrial revolution is changing the way people live and conduct their business. Its promise of sustainability is building optimism amongst users. However, there is a lack of research in understanding how digital platform business models can be tailored for use in existing businesses and how this technology can be used to revolutionize new businesses. This study conducted a systematic literature review to create a deeper understanding of the technology of digital platform business models and their characteristics and application. The results of this study are used to develop a hybrid structure of the digital platform business models and their components. Also, this study identified the critical elements of the cyber-physical system. Herein, the core, trendy, intermittent, and emergent keywords relating to digital platform business models are placed and analyzed. This study contributed to the body of knowledge by an in-depth understanding of digital platform business models and their relevance in the fourth industrial revolution by removing barriers that may limit their use.

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Section: Methodsmentioning

confidence: 99%

Analysis of digital platforms' business models and their applications in the 4th industrial revolution

Shenkoya

2022

J Eng Technol Rev

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“…Switching Costs analyses and customer data analyses) allows for better user understanding and further enables personalization of the interface, value delivery, or offer itself [49].…”

Section: Interfacementioning

confidence: 99%

Success Factors of Digital Platform Design

2023

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Digital platforms disrupt today’s industries with novel offers and business models. Despite their revolutionizing impact, over 80% of platforms fail. To better understand what differentiates failing from successful platforms, we identified 30 platform success factors. These range from corporate value integration, where the platform strategy gets defined and the platform’s value definition, to the platform architecture covering all essential IT considerations and best practices making, e.g., innovation and personalization possible. To make these success factors usable in practice, we integrated all 30 success factors into the wellestablished Business Model Canvas (BMC) widely adopted for business model design. This method was chosen to test the applicability and usefulness of the platform success factors in a widely used vehicle and thus ease our workshop study. The success factors are promising, as demonstrated in our workshop study.

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“…From a purely technical point of view, this trend will provide increased access to big data about markets and specific consumers, which are necessary to improve existing products/services and form new ones, fine-tune algorithms, etc. [56][57][58]. More importantly, it will have a positive effect on the development of corporate ecosystems as almost the key factor in the innovative development of platforms [24][25][26][27][28].…”

Section: Innovative and Technological Effects Of The Spread Of Digitamentioning

confidence: 99%

The Impact of the COVID Crisis on the Innovative Potential of China’s Internet Platforms

Данилин

2020

Her. Russ. Acad. Sci.

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Although the COVID-19 crisis has hit the Chinese economy hard, China's Internet companies have benefited from the quarantine. However, the long-term consequences of the 2020 crisis for the development of the innovative potential of Chinese Internet corporations, primarily the largest platforms such as Alibaba, Baidu, Tencent, and JD.com as integrators of the Chinese Internet economy, are still unclear. This article provides a general overview of changes in the consumption of services of large platforms, including moderate growth in demand, strengthening of the segment of high-tech services (cloud solutions for business, digital healthcare, etc.), digitalization of small and medium enterprises, and expansion of the user audience. The innovative and technological initiatives of the platforms are analyzed. Within the framework of the announced state plans, large platforms, in partnership with regional authorities, business, and universities, intend to develop an advanced digital infrastructure (5G, data centers, etc.) and innovation infrastructure (digital clusters, technology parks, and research centers). Despite the lack of new breakthrough initiatives, the innovation capacity of the platforms is expected to strengthen in the long term. Presumably, the key role will be played by qualitative changes in the markets owing to the diffusion of digital technologies and competences, which will lead to an increase in demand for Internet innovations. The mechanisms of transforming market changes into a resource for innovative development of the platforms are associated with the expansion of market data, the emergence of a complex system of services, and unique innovative ecosystems of the platforms, making it possible to organize and coordinate the innovative activities of various entities, as well as to coopt promising start-ups able to create breakthrough innovations during the crisis.

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The Role of Analytics in Data-Driven Business Models of Multi-Sided Platforms: An exploration in the food industry

Cited by 14 publications

References 33 publications

Analysis of digital platforms' business models and their applications in the 4th industrial revolution

Analysis of digital platforms' business models and their applications in the 4th industrial revolution

Success Factors of Digital Platform Design

The Impact of the COVID Crisis on the Innovative Potential of China’s Internet Platforms

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