A platform is a combination of 4 major players:

1. Owners: Define the governance of the platform’s ecosystem
2. Providers: Serve as the platforms interface
3. Producers: Who create offerings
4. Consumers: Who consume offerings

Shifts across the pipeline model to platform model:

1. Resource control to Resource orchestration
2. Internal optimization to External Interaction
3. Customer value maximization to ecosystem value maximization

Shift in roles across two models:

Roles in Traditional departments of a Pipeline business:

1. Marketing – Creating internally managed outbound messages
2. IT – historically, focused on managing internal enterprise system, increasing support to internal employees
3. Operations – Traditionally focused on Just in time

In the Platform model, competitive threats may come from:

1. Established platforms with superior networks
2. Distinctive overlapping customer bases

Listen to our complete episode to know "Platforms which are causing Inversions".