Platform Ecosystems

Platform ecosystems refer to interconnected systems where a central platform connects multiple users, developers, and service providers. Think of it like an amusement park: the park (platform) offers rides (services) to visitors (users) and allows businesses (developers) to sell food or merchandise. This setup fosters collaboration, innovation, and growth, as different parties benefit from one another. Examples include app stores, social media networks, and online marketplaces, which all thrive on participant interaction, driving the creation of new products and services while enhancing user experience.