Social networks, search engines, cloud software providers and ride-sharing companies form an influential and fast-growing group of Platform companies that are reaping huge rewards by disrupting existing industries. Despite varied offerings and widely differing sector focus, these companies have much in common.
They need to grow fast or risk being left behind, and the pace of technological change offers little time for reflection, analysis and decision making. If they are to join the “Platform Titans” that dominate the sector, they will face similar challenges as they scale their businesses and expand globally.
Accenture’s new POV series, Treading the Path from Early Disruptor to Platform Titan, explores the massive opportunities for growth within this fast-paced industry.
Amazon, Alibaba, Google, Facebook, Salesforce, Tencent and others—that have rewritten the rules of competition in their industries and left incumbents struggling to catch up. Their ability to disrupt established industries such as media, communications and retail has helped them become some of the most valuable companies in the world: “Platform Titans”.
In part one of this series we look at the types of companies that make up the Platform sector and the impact they currently have on virtually every facet of work and life.