What is platformization?

Platformization is the process of creating a platform that allows for the development and deployment of various services and applications. This platform acts as a centralized location for developers, businesses, and users to access and utilize a range of services, such as payment processing, data storage, and communication tools.

Platformization enables businesses to easily integrate third-party services and applications into their own systems, saving time and resources that would otherwise be spent on developing these services from scratch. It also provides a seamless user experience by offering a one-stop shop for accessing multiple services and applications.

One of the key benefits of platformization is the ability to create new revenue streams by offering services and applications to other businesses or individuals on a pay-per-use basis. This can help businesses diversify their offerings and generate additional income.

Overall, platformization is a strategy that can help businesses adapt to the rapidly changing digital landscape, increase efficiency, and drive innovation.