platform - Blog - Global Risk Community2024-03-29T12:45:44Zhttps://globalriskcommunity.com/profiles/blogs/feed/tag/platformFrom Economies of Scale to Economies of Unscalehttps://globalriskcommunity.com/profiles/blogs/from-economies-of-scale-to-unscale2021-04-21T09:51:11.000Z2021-04-21T09:51:11.000ZMark Bridgeshttps://globalriskcommunity.com/members/MarkBridges<div><div class="entry"><p><span style="font-size:12pt;"><a href="{{#staticFileLink}}8818272056,original{{/staticFileLink}}"><img class="align-right" src="{{#staticFileLink}}8818272056,RESIZE_400x{{/staticFileLink}}" alt="8818272056?profile=RESIZE_400x" width="314" height="207" /></a>Futuristic, technology-driven business models are weakening the conventional advantages of Economies of Scale. Large corporations, founded on Scale, nevertheless have areas that they can exploit if they reposition rapidly.</span></p><p><span style="font-size:12pt;">For the best part of over a century, Economies of Scale—Cost Advantages that businesses achieve owing to their scale of operation—fashioned the corporation into a perfect engine of business. The economic concept of Economies of Scale was first floated in the Adam Smith era where the idea of obtaining larger production returns through the use of division of labor was introduced.</span></p><p><span style="font-size:12pt;">A technological rush, distinct in history, was observed near the beginning of the 20th century. These new technologies were accompanied by scale i.e., bulk production and access to huge markets. The Economies of Scale guided business success—the strong inverse relationship connecting fixed costs and output grew into a basis of Competitive Advantage.</span></p><p><span style="font-size:12pt;">Back then, investments in scale was the most sensible proposition. Not only did it lower fixed costs but also created a formidable barrier for competitors, denying them entry in the market. Every type of business spent the 20th century in the quest for scale.</span></p><p><span style="font-size:12pt;">The advent of game-changing new technologies such as mobile devices, social media, and cloud computing, augmented by Artificial Intelligence (AI), is whirling Economies of Scale into Economies of Unscale.</span></p><p><span style="font-size:12pt;">Specifically, rise of Software as a Service (SaaS) and emergence of Product to Platform Transformations—coupled with AI’s ability to customize—overthrows bulk production and mass marketing as a basis of Competitive Advantage. These progressions have battered the powerful inverse correlation between fixed costs and output that delineated Economies of Scale.</span></p><p><span style="font-size:12pt;">Today, minor, unscaled businesses, leveraging Platform Scaling Strategieswhile renting SaaS, can hunt in niche markets, effectively contesting big companies that are strained by decades of investment in scale, i.e., in large-scale production, distribution, and marketing.</span></p><p><span style="font-size:12pt;">The triumphant companies in the current tech rush—enabled by Platforms and SaaS—are the ones led by Customer-centric Design, providing each customer precisely what they want, that too while making a profit, and not companies offering everyone uniform products.</span></p><p><span style="font-size:12pt;">Large corporations can remain relevant in this era of niche marketing by taking leverage of their existing infrastructure through astute modifications in their use. They can deploy 3 key tactics to accomplish this:</span></p><ol><li><span style="font-size:10pt;"><strong>Product to Platform Transformation</strong></span></li><li><span style="font-size:10pt;"><strong>Absolute Product Focus</strong></span></li><li><span style="font-size:10pt;"><strong>Dynamic Rebundling</strong></span></li></ol><p><span style="font-size:12pt;"><a href="https://flevy.com/browse/flevypro/economies-of-unscale-5576" target="_blank"><img class="align-full" src="https://flevy.com/blog/wp-content/uploads/2021/04/Slide-Deck-image-Economies-of-Unscale.png?profile=RESIZE_710x" alt="Slide-Deck-image-Economies-of-Unscale.png?profile=RESIZE_710x" width="674" /></a></span></p><p><span style="font-size:12pt;">Let us delve a little deeper into the details of the 3 tactics for leveraging Economies of Unscale.</span></p><h3><span style="font-size:12pt;"><strong>Product to Platform Transformation</strong></span></h3><p><span style="font-size:12pt;">Dynamic corporations have expended decades building scale which is extremely specialized for their industry. Efficient factories, distribution channels, retail outlets, supply chains, marketing expertise, and global partnerships have been painstakingly developed. It is time for these corporations to take a decision on whether it is more viable to rent out this capability to other companies or not.</span></p><p><span style="font-size:12pt;">An example of such an approach is that of P&G’s Connect + Develop program that has been running for more than a decade. <strong> </strong></span></p><h3><span style="font-size:12pt;"><strong>Absolute Product Focus</strong></span></h3><p><span style="font-size:12pt;">As corporations become bigger, emphasis on control becomes more pronounced—processes, regulations, stock prices, and a variety of non-core issues take precedence over great product offering. Niche market focus blurs and attempts are made to make a product that may appeal to the masses in an effort to create Economies of Scale.</span></p><p><span style="font-size:12pt;">In this age of Unscale, the product/customer-focused competitor preys on such weakness. Large corporations can mitigate the repercussion of such weakness by organizing as a network of small businesses focusing on core function while outsourcing non-core functions. Each business, completely dedicated to creating a product perfect for its part of the market.</span></p><p><span style="font-size:12pt;">Apple Inc. contracts out manufacturing to Chinese companies while keeping the R&D and innovation—its core function—in the U.S.<strong> </strong></span></p><h3><span style="font-size:12pt;"><strong>Dynamic Rebundling</strong></span></h3><p><span style="font-size:12pt;">Successful companies in this day and age of Unscale are the ones that make every customer feel like a market of one. A corporation—a compendium of products—can match this by initially understanding its customer, then bundling its products as per each customer’s needs.</span></p><p><span style="font-size:12pt;">A great example is The Honest Co., which in 2012, began selling specialized line of diapers and wipes by subscription. First year, the company raked in $10 million in revenue by supplying a niche customer, a niche product, dissimilar to mass-market brands. By 2016 it was making sales exceeding $300 million.</span></p><p><span style="font-size:12pt;">Interested in learning more about the 3 tactics for leveraging <a href="https://flevy.com/browse/flevypro/economies-of-unscale-5576">Economies of Unscale</a> and how corporations have, in their own way, taken advantage? You can download <a href="https://flevy.com/browse/flevypro/economies-of-unscale-5576">an editable PowerPoint on <strong>Economies of Unscale</strong> here </a>on the <a href="https://flevy.com/browse">Flevy documents marketplace</a>.</span></p><h3><span style="font-size:12pt;"><strong>Want to Achieve Excellence in Strategy Development?</strong></span></h3><p><span style="font-size:12pt;">Gain the knowledge and develop the expertise to become an expert in Strategy Development. Our frameworks are based on the thought leadership of leading consulting firms, academics, and recognized subject matter experts. <a href="https://flevy.com/browse/stream/strategy-development">Click here for full details.</a></span></p><p><span style="font-size:12pt;">"Strategy without Tactics is the slowest route to victory. 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For us, it is an invaluable resource to increase our impact and value.”</span></p><p><span style="font-size:12pt;">– David Coloma, Consulting Area Manager at Cynertia Consulting</span></p></blockquote><blockquote><p><span style="font-size:12pt;">“FlevyPro has been a brilliant resource for me, as an independent growth consultant, to access a vast knowledge bank of presentations to support my work with clients. In terms of RoI, the value I received from the very first presentation I downloaded paid for my subscription many times over! The quality of the decks available allows me to punch way above my weight – it’s like having the resources of a Big 4 consultancy at your fingertips at a microscopic fraction of the overhead.”</span></p><p><span style="font-size:12pt;">– Roderick Cameron, Founding Partner at SGFE Ltd</span></p></blockquote></div><div class="entry"> </div></div>Forgerock OpenAM: Ideal Solution for Identity Managementhttps://globalriskcommunity.com/profiles/blogs/forgerock-openam-ideal-solution-for-identity-management2020-10-02T07:41:00.000Z2020-10-02T07:41:00.000ZBhupendra Prasadhttps://globalriskcommunity.com/members/BhupendraPrasad<div><p> </p><h2><strong>Introduction about OpenAM</strong></h2><p>OpenAM provides a service called access management, which oversees access to resources, for example, a website page, an application, or web service, accessible over the network. When it is set up, OpenAM gives an infrastructure to manage clients, roles, and access to resources. The centralization of Access control is done by OpenAM. This is done by handling both authentication and authorization. Authentication can be considered as a process of distinguishing a person, for instance, by confirming a successful login. Authorization can be considered as the process of allowing access to resources to validated people.</p><p></p><p><a href="{{#staticFileLink}}8028338495,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028338495,original{{/staticFileLink}}" class="align-center" alt="8028338495?profile=original" /></a></p><p></p><p>Centralization of authentication is done by OpenAM by utilizing a variety of authentication modules that associate to identity repositories that store identities and give authentication services. The identity repositories can be actualized as LDAP catalogs, relational databases, RADIUS, Windows confirmation, one-time password services, and other norms-based access management frameworks.</p><p>OpenAM lets you chain together the authentication services utilized. Authentication chains enable you to configure robust authentication for more sensitive assets for instance. They additionally let you set up modules that can remember a gadget when the client signs in successfully. Or on the other hand that evaluates the danger given the login conditions and accordingly can require more credentials when a user is signing in from an unusual area.</p><h2><strong>Features of OpenAM</strong></h2><h3><strong>1. Authentication</strong></h3><p>20 authentication methods are supported by OpenAM. OpenAM has the adaptability to chain methods together alongside Adaptive Risk scoring, or to make custom confirmation modules dependent on the JAAS (Java Authentication and Authorization Service) open norm. Integrated Windows Authentication is supported to empower a totally consistent heterogeneous OS and Web application SSO environment.</p><h3><strong>2. Authorization</strong></h3><p>OpenAM gives authorization strategy from fundamental, basic, coarse-grained rules to profoundly progressed, fine-grained qualifications are dependent on XACML (eXtensible Access Control Mark-Up Language). Authorization policies are preoccupied with the application, permitting engineers to rapidly include or change strategy as required without alteration to the underlying application.</p><h3><strong>3. Adaptive risk authentication</strong></h3><p>The adaptive risk authentication module is utilized to evaluate risks during the authentication cycle and to decide whether to need that the user completes further verification steps. Adaptive risk authentication decides, based on risk scoring, whether more data from a client is required when they log in. For instance, a risk score can be determined based on an IP address range, access from another device, account inactive time, and so on., and applied to the authentication chain.</p><h3><strong>4. Federation</strong></h3><p>Services associated with federation safely share identity data across heterogeneous frameworks or domain boundaries utilizing standard identity conventions (SAML, WS-Federation, OpenID Connect). The OpenIG Federation Gateway is a segment of OpenAM giving a SAML2 compliant authorization point and permits organizations to quickly add SAML2 support to their applications with next to zero knowledge of the standard. Moreover, there is no compelling reason to change the application or introduce any plug-in or specialist on the application compartment. Out-of-the-box devices empower basic task-based configuration of G Suite, ADFS2, alongside numerous other integration targets. OpenAM can likewise act as a multi-protocol hub, interpreting for providers who depend on other, older standards.</p><h3><strong>5. Single sign-on (SSO)</strong></h3><p>OpenAM gives various methods for SSO, regardless of whether the requirement is empowering cross-domain SSO for a single company, or SSO over numerous companies through the Federation Service. OpenAM supports various alternatives for authorizing policy and ensuring assets, including strategy specialists that live on web or application servers, a proxy server, or the OpenIG (Identity Gateway). OpenIG runs as a self-contained gateway and secures web applications where introducing a policy specialist is not feasible.</p><h3><strong>6. High accessibility</strong></h3><p>OpenAM provides both framework failover and session failover to enable high accessibility for enormous scope and significant deployment. These two key characteristics assist to guarantee that no single point of failure exists in the arrangement and that the OpenAM administration is consistently available to end-users. Unnecessary OpenAM servers, strategy agents, and load balancers forestall a single point of failure. Session failover guarantees the client's session proceeds without interruption, and no client information is lost.</p><h3><strong>Career Goals in Forgerock OpenAM</strong></h3><p>In careers such as security architect, Forgerock OpenAM is a must-have skill. The role of security architect expects you to do configuration, install/design/customize, implement and support Identity and Access Management arrangements utilizing ForgeRock Identity and Access Management components Application onboarding Work with the groups business analyst to guarantee solutions meet security accessibility, versatility, and performance prerequisites This job is anticipated to investigate and comprehend identity-related management.</p><p>However, the good news is that you can gain all the above-mentioned skills by inculcating OpenAM knowledge and skills. The better news is that you can go for SkillXS IT Solutions OpenAM certification courses that will make you job-ready in a very short period.</p><p>There are various job paths you can choose after having expertise in Forgerock OpenAM such as Identity and Access Management Analyst, Identity and Access Management Administrator, Information security analyst and security consultant, etc.</p><p>However, <strong>the average salary of different jobs requiring expertise in OpenAM varies from 3-5 lakhs per annum. This will go up to 7-8 lakhs per annum with experience.</strong></p><h2><strong>Future Prospects</strong></h2><p>The modern IT world is facing various challenges related to identity management. Forgerock Identity and Access management tools provide organizations with various secure identity management methods. The demand for OpenAM has already started shooting up. In addition, due to its vast applications in the IT sector, the demand is likely to see a boost in the next few years.</p><p>If you’re one of the aspirants of Forgerock OpenAM, then your career outlooks are surely bright.</p><p><strong>SkillXS IT Solutions</strong> provides online courses of Forgerock OpenAM which will assist you to get an in-depth understanding of the subject. Not only this, the extensive modules prepared by IT experts will train you in Forgerock identity and access management tools such as OpenAM, OpenIDM, OpenDJ, and OpenIG</p><p>The courses by SkillXS IT Solutions are designed in such a way that any person with moderate level aptitude will easily grasp them. SkillXS IT Solutions has taken the initiative to provide the best learning opportunities at the comfort of your home. The courses will cover how to manage single sign-on (SSO) projects utilizing Forgerock OpenIDM and OpenAM solutions.</p><p><strong>Book your seat:</strong> <a href="https://www.skillxs.com/course/210/Forgerock">https://www.skillxs.com/course/210/Forgerock</a></p><p>By enrolling in the SkillXS IT Solutions OpenAM course, you will get training in how to integrate Forgerock OpenIDM with various target systems, for example, LDAP (openDJ, AD, etc). In addition, SkillXS IT Solutions modules will also help you to cover scripting languages such as groovy scripts and java scripts. This factor will surely contribute to the bright job prospects in this field.</p><p>Therefore, don’t waste your time, enroll yourself now, and get a lucrative opportunity of learning from the best of the industry.</p></div>Everything About Location Based Advertisinghttps://globalriskcommunity.com/profiles/blogs/everything-about-location-based-advertising2020-08-25T08:34:07.000Z2020-08-25T08:34:07.000ZKBV Researchhttps://globalriskcommunity.com/members/KBVResearch<div><p>Mobile advertising is only beginning to receive attention across the world. Location-based Advertising is a specific type of mobile advertising.</p><p>Location-based Advertising means information that is controlled by advertising companies especially for those locations where consumers access an advertising medium. This is a comparatively new medium that allows users to be exposed to advertising on the communication devices that they carry with them, specifically in the form of smartphones.</p><p></p><p><a href="{{#staticFileLink}}8028333077,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028333077,original{{/staticFileLink}}" class="align-center" alt="8028333077?profile=original" /></a></p><p></p><p>It is a personal form of advertising that uses <a href="https://www.kbvresearch.com/location-based-advertising-market/">location-based advertising</a> service that is aimed at targeted users. It is now a new technology rather it has been around for some years. It is based on the same concept as majorly newspaper ads are based on the location at which newspaper is being distributed. It is the same concept but digitalized and technology-driven.</p><h2><strong>What is Location based advertising</strong></h2><p>Location-based Advertising is developed by the efficient combination of mobile marketing and advertising with location-based services (LBS).</p><p></p><p>Currently, we are living in a time when technological advancements have enabled us to contacts individuals at any time and any place. It is because of the ever-growing presence of mobile phones, especially smartphones that have GPS. The modern technologies hold the capacity for marketers to convey information and knowledge to customers based on their accessibility to places where the marketers’ products are available.</p><p>Location-based Advertising definition can be real-time marketing, fulfilling customer needs, and demands at the time and place they want it.</p><p></p><h2><strong>Types of Location-based Advertising</strong></h2><p>There are two approaches to Location-based Advertising.</p><h3><strong>Push Approach</strong></h3><p>It occurs when a marketer works with the carrier and the delivery networks to send (push) ads to the user that is determined by the location of the device. Moreover, this thing could be targeted in a better way if information such as context, psychographics, and demographics, etc. is available about the users.</p><p></p><p>There are two other options in push approach viz. opt-out and opt-in. Opt-out refers to such a situation where marketers would have the option to send the ads to anyone they wanted to until users asked them not to send ads anymore. On the other hand, the opt-in approach refers to a situation where a user permits marketers to send them messages, a type of permission marketing. However, all the advertisers must be abided by certain rules and legal regulations set in place and respect users’ choices.</p><p></p><h3><strong>Pull Approach</strong></h3><p>Pull approach in Location-based Advertising refers to a situation when users ask some information or use some service at a time and meanwhile during the process is exposed to commercial messages. In reality, they are seeking (pulling) information rather than information seeking (pushing) them. For example, a person visiting London could make use of his device to access a portal where he wants to seek Local Restaurants. After clicking on this, the next things he may seek is Italian. After this, he gets a list of 5 restaurants that all are within the range of one-mile distance from his current location. Because the user exercises his control to choose the time and place to access the information in the pull approach, hence it is opt-in.</p><p></p><p>Location-based Advertising is closely related to mobile advertising, which is further divided into the messaging, display, and search and product placement.</p><p>Mobile marketing will achieve the greatest success when mobile location combined with other context-aware parameters is leveraged to filter the content to improve its relevance.</p><h2><strong>Future Outlook</strong></h2><p>The growth for advertising agencies to utilize Location-based Advertising is going to increase significantly in the next few years. Location-based Advertising is likely to gain more traction in the coming future as it provides a good opportunity for new-age businesses.</p><p></p><p>The location-based service and other segments of mobile services together can create more value for the technology in the next few years. The technology is widely accepted by customers due of which there are higher conversion chances.</p><p>New trends in users’ behavior show that mobile users want to receive relevant and promotional advertising content. If mobile location is used in the correct method, then most mobile phones will be more compelling for marketing and advertising than any other channel of media. In different parts of the world, several forms of Location-based Advertising have already been demonstrated.</p><p></p><p>Recently, one of the key components of this technology will take the involvement of GPS within mobile phones. Other technologies that enable Location-based Advertising involve the use of Bluetooth or RFID that are attached to things such as vending machines, storefronts, and poster boards to show to people with enabled devices who pass near to them. Lastly, consumers themselves can submit locations into their devices (such as city name, zip codes, and area codes) that can activate a primary level of location specificity.</p><p></p><p>As we go forward, the Location-based Advertising technology will assist marketers in reaching to smartphones subscribers with a specific location. However, attitudes of users will decide the marketers’ promotional strategies of technology.</p><p></p><h2><strong>Summing up</strong></h2><p>Combined with proper and integrated strategies, Location-based Advertising serves as a beneficial tool for many advertising agencies. Location-based Advertising is gaining massive appeal in the new age industry. The Technology is the key to unlock the most values in the Mobile advertising market.</p><p></p><p>The Location-based Advertising market must seek different paths to get together and execution strategies which establish the optimum credibility among the customers around the Location-based Advertising. Proper planning and implementation around how mobile location is used to increase Location-based Advertising will be significant in the next few years.</p><p></p><p>Importantly, acceptance of this technology by users should improve with time if the technology wants to thrive more. While the industry is in a flourishing phase, there is still a lot more to be done for the technology. Location-based Advertising will be an extremely powerful tool for marketers and advertisers in the next few years.</p></div>4 Imperatives of Transforming From A Product-based Business To Platform Business Modelhttps://globalriskcommunity.com/profiles/blogs/4-imperatives-of-transforming-from-a-product-based-business-to2020-08-22T05:22:30.000Z2020-08-22T05:22:30.000ZMark Bridgeshttps://globalriskcommunity.com/members/MarkBridges<div><p><a href="{{#staticFileLink}}8028337264,original{{/staticFileLink}}" target="_blank"><img class="align-right" src="{{#staticFileLink}}8028337264,original{{/staticFileLink}}" alt="8028337264?profile=original" width="350" /></a></p><p><a href="https://flevy.com/browse/flevypro/products-to-platforms-transformation-5191">Transformation from a product-based model to a platform model</a> is a dream for many executives. More and more product companies are now shifting into a platform model. The drive behind such a shift is the huge success of platform companies—e.g., Amazon, Google, and Apple. These organizations started out as a retailer, search engine, and iPod manufacturer respectively, but later transformed into platform models.</p><p>However, bringing this transformative vision into reality is anything but straightforward. Research into successful platform businesses reveals that this necessitates a robust approach comprising the following 4 critical phases:</p><ol><li><strong>Attractive Product and Customer Base</strong></li><li><strong>Hybrid Business Model</strong></li><li><strong>Rapid Conversion</strong></li><li><strong>Identify and Seize Opportunities</strong></li></ol><p><a href="https://flevy.com/browse/flevypro/products-to-platforms-transformation-5191"><img class="aligncenter size-full wp-image-7270" src="https://flevy.com/blog/wp-content/uploads/2020/08/Products-to-Platform-Transformation.png" alt="" width="1002" height="752" /></a></p><p>Let’s dive deeper into the first two phases of the approach, for now.</p><h3><strong>Attractive</strong> <strong>Product and Customer Base</strong></h3><p>A platform model is not a remedy to resuscitate products that are on a downward slide. It necessitates an attractive product that offers a significant customer base and value to help improve customer loyalty and resist rival offerings. The critical mass of customers also allows the platform company to create value for—and attract—third parties that are crucial for the platform to flourish.</p><p>Qihoo 360 Technology, a large internet firm in China, commenced its operations in 2006 by selling an antivirus software, 360 Safe Guard. To build a broad user base and to gather customers’ feedback on improving the product, the company started giving away the product free. The company maintained a list of malware as well as a “whitelist” of programs that were safe for the users. The critical mass of customers allowed Qihoo to:</p><ul><li>Quickly identify viruses on scanning computers</li><li>Improve the antivirus</li><li>Introduce new products</li><li>Attract new customers</li><li>Create new platforms</li><li>Attract 3rd-party software companies to make Qihoo a channel for reaching customers.</li></ul><h3><strong>Hybrid Business Model</strong></h3><p>The notion that an organization has to embrace either a product-based or a platform-based business model is far from reality. Although, both the product-based and platform-based business models need a framework to assign dedicated resources and manage operations, however, <a href="https://flevy.com/browse/stream/transformation">Business Transformation</a> from a product-based model to a platform-based model gets simplified utilizing a hybrid approach. A product-based business model calls for organizations to have differentiated products catering to customers’ needs, to create value. Whereas, a platform-based business model creates value by linking users to 3rd parties and charging fees for using the platform. The focus of Platform models is on:</p><ul><li>Inspiring mass-market acceptance</li><li>Increasing the number of interactions rather than meeting specific customer needs</li><li>Connecting users and 3<sup>rd</sup> parties to create competitive edge instead of relying solely on product differentiation (product model).</li></ul><p>For example, Apple converted itself from a product model to a platform model within a year after the launch of the first iPhone. Initially, Apple reacted defensively to any hacking attempts and precluded 3<sup>rd</sup> party apps on the iPhone, but then decided to create an open platform, and launched the App Store. The hybrid model and platform mindset created additional income streams and significant revenue for Apple.</p><h3><strong>Rapid Conversion</strong></h3><p>To make a product and business model profitable, the conversion of product users into platform users is of utmost importance. To enable this, an organization needs to develop its platform in such a way that it should present enough additional value for the customers to adopt it and become its users. Three key elements are critical to accomplish this:</p><ul><li>Deliver adequate value</li><li>Launch connected products consistent with the brand</li><li>Allow 3<sup>rd</sup> parties to perform upgrades</li></ul><p>If the platform does not offer adequate value for the customers they are not going to embrace it the way they do to a great product. Similarly, addition of new offerings that are coherent with the brand has a strong correlation with new platform adoption. New offerings gain traction from a firm’s image and strengthen the brand further. Likewise, allowing 3<sup>rd</sup> parties to make upgrades, improve product offerings, and develop the platform further helps in rapid conversion, additional revenue, and growth.</p><p>Interested in learning more about the phases of the approach to <a href="https://flevy.com/browse/flevypro/products-to-platforms-transformation-5191">Products-to-Platforms Transformation</a>? You can download <a href="https://flevy.com/browse/flevypro/products-to-platforms-transformation-5191"><u>an editable PowerPoint on <strong>Products to Platforms Transformation</strong> here</u></a> on the <a href="https://flevy.com/browse">Flevy documents marketplace</a>.</p><h3><strong>Are you a Management Consultant?</strong></h3><p>You can download this and hundreds of other <a href="http://flevy.com/pro/library/frameworks">consulting frameworks</a> and <a href="http://flevy.com/pro/library/consulting">consulting training guides</a> from the <a href="http://flevy.com/pro/library">FlevyPro library</a>.</p></div>Top Trends and Applications of Digital Banking Platformhttps://globalriskcommunity.com/profiles/blogs/top-trends-and-applications-of-digital-banking-platform2020-08-15T06:55:27.000Z2020-08-15T06:55:27.000ZKBV Researchhttps://globalriskcommunity.com/members/KBVResearch<div><p>Here’s why The<strong> </strong>Digital Banking Platform<strong> </strong>is making a Wave in the Industry. Due to the shift from traditional banking methods to Digital Banking Platform that has made customers rely more on digital banking. Digital Banking Platform has many advantages over<strong> </strong>traditional banking method.With the surge of in user for smartphones and revolution on the internet have also led to digital banking platforms to grow.</p><p></p><p><a href="{{#staticFileLink}}8028333469,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028333469,original{{/staticFileLink}}" class="align-center" alt="8028333469?profile=original" /></a></p><p></p><h2><strong>All about digital banking</strong></h2><p>Everyone wishes to get their work done easily without a wastage of time. <a href="https://www.kbvresearch.com/digital-banking-platform-market/">Digital Banking Platform</a> is one such platform that saves the time of the consumer from visiting the banks. If you working and find it difficult to get time to have a visit to the bank, here comes Digital Banking that helps you in getting information about your account balance. You can also plan to invest money and at the same time, can transfer the money just by a click on a laptop or phone.</p><p></p><p>Digital Banking Platform is a type of online banking service that digitalizes banking operations. This platform allows the bank to offer its customers with digital support and services. It enables the transfer of funds, loan sanctions, withdrawal and deposition of cash, and many more with the help of the internet virtually. The new, as well as traditional services and products of the bank, are directly delivered to the end-user by the Digital Banking Platform. Digital Banking Platform is also making financial works easy and more accessible for customers because of the increased use of desktop, mobile, and ATM services. All these factors are leading to a gradual shift from traditional banking to digital banking.</p><p></p><h2><strong>Types and Mode of digital banking platforms</strong></h2><h3><strong>Types</strong></h3><p>Digital banking platform is broadly categorized into two types, retail banking, and corporate banking.</p><p>In retail banking, bank services like savings, transactions, debit and credit cards, personal loans, etc., are provided to the customers. It mostly deals with the general public and can also be called as consumer banking. While corporate banking deals with customers having business therefore also known as commercial banking. Corporate banking provides services such as treasury and cash management, trade finance, equipment lending, etc. to the companies and the investors in the business.</p><p></p><h3><strong>Modes</strong></h3><p>For convenience digital banking platforms are classified into two that are online banking and mobile banking. Both of these modes are more or less the same with a few differences Online banking refers to taking banking services on the website of the bank from a private profile using a desktop or laptop. While mobile banking facilitates bank services on mobile apps. What one needs to do is to log in the app to use the features and facilities offered by the bank in the mobile app. Apart from general transaction services, by using mobile banking one can pay bills and also helps in locating nearby ATMs using GPS of mobile. Mobile banking is increasing in demand because of an increase in the number of users of the smartphone and a rise in cashless transactions. Apps like BHIM, Paytm, swipe machines, etc. are working for this purpose only. Both the modes of digital banking platforms provide convenience to users to manage their finance with ease.</p><p></p><h2><strong>Advantages of digital banking platforms:</strong></h2><ul><li>The convenience of customers - Digital Banking Platform offers access to all the bank account holders. To use digital banking all that you require is a device like desktop, laptop, or smartphone, and internet connectivity. One can easily create an account and log in to the website or app having a username and password.</li></ul><p></p><ul><li>Saves time – In the busy schedule, it is difficult to find time thus digital banking platforms diminish the time to be spent for visiting banks. Consumers need not stand in long queues to wait for their turn. By the use of digital banking platforms, you can make your turn according to your ease. It is very flexible to use of digital banking as it provides 24x7 facilities such as mobile banking, ATMs, debit cards and credit cards, bill payments, etc.</li></ul><p></p><ul><li>Improve efficiencies of business – since digital banking platforms improve bank-customer interaction that helps banks to get more feedback from the users so as to improve their services. This ensures the increase in the number of customers when banks provide better and quick service to their consumers.</li></ul><p></p><ul><li>Cost-saving – by the application of the Digital Banking Platform, the bank saves the money that has it has to pay its employees if the banking system occurs manually. As traditional banking methods require more manpower, is slow and costly, it is also prone to errors. So the Digital Banking Platform is more beneficial for banks too.</li></ul><p></p><ul><li>Accuracy and also environment friendly – traditional banking methods are mostly paper-based and require reworking. But with the implementation of IT in banking, one step simple verification process leads to more accuracy. Digital Banking Platform offers an option to the customers to receive account statements and information via message, mail, or other online ways, therefore, saves paper and contribute to saving the environment.</li></ul><p></p><h2>Challenges faced by digital banking platforms:</h2><ul><li>Difficulty in login for first time users- when a user navigates the bank website or app for the first time, they may find it difficult. Initially, it asks for a number of information that can be inconvenient for some users who do not feel it safe and secure to share their details, and this discourages them to use digital banking platforms and they prefer to visit banks.</li></ul><p></p><ul><li>Security and online threats - many customers are worried about the safety of money. Day by day increase in online threats and crimes scares people mostly who are middle-aged as the majority of them are not very gadget friendly. Banks should make sure that their websites and apps are safe and secure to win the trust of the customers.</li></ul><p></p><ul><li>Rules and regulations – it is expected that digital banking platforms will connect customers and banks worldwide. But as we know every country has its own rules and regulations regarding finance laws thus imposing hindrances in achieving the goal to expand the business.</li></ul><p> </p><h2><strong>Impact of COVID-19 on digital banking platforms</strong></h2><p>Due to the pandemic caused by COVID-19, most of the countries were on complete lockdown for many months, people are also avoiding to get out of their home. This outbreak has a negative impact on the company’s production. On the other hand, amidst COVID-19 spread, bank operations have been hindered and tend people to rely more on digital banking platforms for their financial management. Banks are also introducing new digital tools to provide banking services on the digital banking platforms and make it services more convenient and effective for the customers.</p><p></p><h2><strong>Sum-up</strong></h2><p>The digital banking platforms market has been witnessing rapid growth due to a rise in the number of users of smartphones and laptops and also the internet. In addition to it, most organizations, companies, and industries are preferring to digitalize their financial services. According to the current trend, the adoption of artificial intelligence in digital banking platforms is expected to result in the growth of this market in the coming years. The introduction of AI will ensure more safety and security in the operation of digital banking and in turn, overcoming the constraints of digital banking platforms.</p><p></p><p>There are many benefits of digital banking platforms over traditional methods and thereby attracting users to rely on digital banking. In the meantime, the current outbreak of COVID-19 has a positive impact on the digital banking platforms market.</p><p> </p></div>Low-Code Development Platforms And Their Industry Wide Adoptionhttps://globalriskcommunity.com/profiles/blogs/low-code-development-platforms-and-their-industry-wide-adoption2020-06-20T05:38:00.000Z2020-06-20T05:38:00.000ZKBV Researchhttps://globalriskcommunity.com/members/KBVResearch<div><p>A low-code development platform (LCDP) is software that develops applications by graphical user interfaces and setup rather than conventional computer programming while offering an environment programmer use. Low-code is a visual solution to developing applications.</p><p></p><p><a href="{{#staticFileLink}}8028319298,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028319298,original{{/staticFileLink}}" class="align-center" alt="8028319298?profile=original" /></a></p><p></p><p>Low-code helps developers with varying skill levels to build web and smartphone apps, using drag-and-drop components and model-driven logic using a graphical user interface. <a href="https://www.kbvresearch.com/low-code-development-platform-market/">Low-code development platforms</a> prevent non-technical developers from having to write code while helping to assist experienced developers by abstracting the tedious plumbing and infrastructure processes needed to build applications.</p><p></p><p>Working together, business and IT developers create, iterate, and release applications in a fraction of the time that traditional methods require. This development of a low-code development application platform allows a full range of app types to be produced for disparate use cases. These types of apps vary from updating legacy devices to IoT-enabled intelligent apps.</p><p></p><h2><strong>What is a low-code development platform?</strong></h2><p>A low-code development platform (LCDP) is software that provides a development environment using graphical user interfaces and configuration instead of traditional hand-coded computer programming to create software for the application. In conjunction with model-driven logic, a low-code architecture enables developers with varying skill levels to build apps using a visual user interface.</p><p></p><p>These platforms can develop applications that are entirely operational or need additional coding for different circumstances. Low-code development platforms minimize the amount of conventional hand-coding so that enterprise apps can be distributed more easily. A common benefit is that a wider array of people can contribute to the development of the application — not just those with formal programming abilities. Also, LCDPs can lower initial setup, training, deployment, and maintenance costs.</p><p></p><h2><strong>Why is low-code development important?</strong></h2><p>Low-code app development platforms enable collaboration between developers, industry analysts, and experts on the subject. It significantly benefits companies as rework is substantially reduced, and cost overruns are largely avoided. The linear method to modern models to software production offers major incentives to reduce redundancy and to achieve fast forward. Low-code platforms streamline and speed up development and delivery processes, achieving significant IT backlog reduction.</p><p></p><p>Whenever companies have a mandate to modernize, CIOs have a big challenge in managing current tools with outdated technology expertise along with key business process awareness. But with low-code platforms, with their unique approach to visual development, CIOs get an opportunity to reuse their existing resources and modernize legacy projects without any problems. Today, consumers and employees want to be able to access apps from multiple platforms, putting extra pressure on developers. Low-code development platforms with modern frameworks can deliver consumer-grade applications at a fraction of the cost, using enterprise-grade technology.</p><p></p><h2><strong>Industries that are progressively adopting the low-code development platform technology:</strong></h2><h3><strong>Banking, financial services and insurance (BFSI)</strong></h3><p>Banking transformation is moving ahead at a steady pace. The landscape of the banking sector is changing at a record-breaking pace. Competitors introduce new products and services every day which radically changes the playing field for late technology adopters. Banks need to adopt a strategy and technology platform that empowers them to respond to those changes in the market. Banks will be able to introduce their new goods in a couple of days.</p><p></p><p>Low-code development platforms allow the banks to do just that. They can speed up production times for new applications which is an enormous competitive advantage in the ever-evolving FSS area. Low Code Platforms empower business users with the utmost ease to create prototypes, workflows, user experience, etc. The involvement of business users in the development process ensures minimal iterations after having made a living of applications.</p><p></p><h3><strong>Healthcare</strong></h3><p>Medical SEO services will help build mobile healthcare organizations applications that allow streamlined treatments to be provided and quality patient care ensured. Apps will be established in the healthcare industry, bearing in mind secrecy, protection, and enforcement together with the clear aims of the program. They are designed to fit clinician unique specifications.</p><p></p><p>You don't have to create applications from scratch for low-code app development as these solutions provide users with the appropriate resources and models. Services such as mobile support, portability, app performance, and interoperability also have to be offered by the low code app development platform. The app developed must be seamlessly integrated with the health IT systems and other major applications.</p><p></p><h3><strong>Retail & eCommerce</strong></h3><p>The retail sector experiences a fluctuation in consumer habits every year, both offline and online. By providing retailers with a platform to build low-code functions that are quicker, more sustainable, and have faster evaluation times, merchants can overcome the competition. Low-code development platforms provide marketers with the potential to develop new features quicker and at a much-reduced cost, and the performance of innovations can be measured more efficiently.</p><p></p><p>Retailers who follow this practice are willing to rapidly and riskily evaluate new ideas in changing market conditions. Accelerated application development shortens time-to-market–in some cases 10 times as compared to traditional packages. Retailers will now remove the riches from their heritage and use low-code to make a quantum leap forward in digitizing their industry in a fast, scalable, and cost-effective fashion, which means they can remain important to customers.</p><p></p><h2><strong>To sum up</strong></h2><p>The low-code platform development market is a horizon of opportunities for both programmers and non-programmers to design and build all types of apps from simple handy utility apps to full-blown enterprise resource management systems, and everything in between. Extra care should be taken to ensure that the specification follows the specifications when creating low-code applications because there is no team behind the curtain to secretly detect and correct frequent errors that are frequently created in general software design.</p><p></p><p>That being said, low-code is an excellent choice when used properly for anyone who requires custom software but lacks the skill (or budget) to build a traditional application. Application Development and Delivery (AD&D) has been a very complicated matter for organizations to solve. Conventional methods of developing and delivering apps – complex, cost-ineffective, and time consuming – have failed to meet the needs of the new-age customer.</p><p></p><p><strong>Free Valuable Insights:</strong> <a href="https://www.kbvresearch.com/news/low-code-development-platform-market/">Global Low-Code Development Platform Market to reach a market size of USD 46.4 billion by 2026</a></p><p></p><p>The demands of modern applications are unparalleled in the age of the customer. Modern applications must be customer-centric, multichannel, engaging, interconnected, and secure. Furthermore, both of these requests must be fulfilled in a short time.</p></div>Over The Air Transmission Platform Trends That Shape The Broadcasting Industryhttps://globalriskcommunity.com/profiles/blogs/over-the-air-transmission-platform-trends-that-shape-the2020-04-16T09:36:41.000Z2020-04-16T09:36:41.000ZKBV Researchhttps://globalriskcommunity.com/members/KBVResearch<div><p>The broadcasting industry is evolving its television channel platform through the implementation of advanced technology transmission systems, alongside advancements in the technology. The broadcasting sector has experienced a lot of changes in transmission technologies over the last few years. <a href="https://www.kbvresearch.com/over-the-air-transmission-platform-market/">Over-the-Air (OTA) transmissio</a> is also one of the television industry&#39;s new technology platforms.</p><p></p><p><a href="{{#staticFileLink}}8028316878,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028316878,original{{/staticFileLink}}" class="align-center" alt="8028316878?profile=original" /></a></p><p></p><p>The introduction of 5 G technology and the increase in trend of online/on-demand content services are projected to raise profitability from the broadcasting industry in the coming years. The air service providers are thus looking for big opportunities in these disruptive technologies, and therefore investing in digitizing their current transmission platforms.</p><p></p><h2><strong>What is an OTA transmission platform?</strong></h2><p>OTA is a platform for wireless transmission in the broadcasting industry. It is widely used for wireless broadcasting of channels in television and radio platforms. The media industry is evolving its broadcast channel framework alongside technological advancements by implementing advanced technology transmission platforms. ARTC 3.0 is a next-generation transmission platform that utilizes advanced error correction for the physical layer and emerging technologies to produce wireless data through an IP delivery system. It is also known to be a crucial technology used on the OTA transmission platform.</p><p></p><h2><strong>Some of the popular OTA transmission platforms:</strong></h2><h3><strong>Radio</strong></h3><p>Over-the-air (OTA) transmission can also include TV and radio broadcasts that are transmitted and received over the air. OTA is most commonly used to contrast TV channels that are broadcast over the air with those that cable service providers sell. OTA channels are local channels that can be accessed using a conventional antenna called the "bunny ears." These channel forms are free and require no monthly subscription. Most cable providers offer digital versions of OTA channels that are unique to the area of each customer.</p><p></p><h3><strong>Television</strong></h3><p>Over-the-air (OTA) provides access to all users even though they don't have a subscription to cable or satellite television. Cord cutters and cord shavers are one of the best things to happen, as it gives them free TV through a digital antenna. Further, they're having even more channels for free with the move to digital broadcast a decade ago — and in better HD quality.</p><p></p><h3><strong>Mobile</strong></h3><p>OTA signals used to program, upgrade, configure and distribute hardware devices are known collectively as OTAP (Over-The-Air Programming). One example is over-the-air activation (OTAA), which allows the users to unlock a new mobile phone wirelessly by simply entering a code or following specific steps. This automated service that most mobile providers have will save a trip to a mobile phone service location when they purchase a new phone. OTA transmissions can even submit updates to approved devices, such as new carrier settings and even OS updates.</p><p>Another example is the over-the-air service provisioning (OTASP), which is used for remote activation and configuration of various devices for a particular community of users, such as radio handsets. OTASP messages are usually sent from a central server and can be encrypted to safeguard personal data. OTAA and OTASP all are OTAP subsets.</p><p></p><h2><strong>Trends that would shape broadcasting over the coming years</strong></h2><p>Staying relevant is difficult but necessary for long-term survival with the rapid shift in the audience from television to digital. Broadcasting television isn't gone — but it's changing rapidly, so there's a need for change to prevent irrelevance.</p><p></p><h3><strong>Quality and Timeliness of Information </strong></h3><p>The broadcast media industry is rapidly evolving. With plenty of weather and news available to all at their disposal, the focus is likely to turn to information quality and timeliness. The most effective media outlets would be those capable of providing reliable, local and up-to-the-minute updates. For example, weather forecasts which are as old as a few hours and which are too broad for areas will probably no longer be important.</p><p>New creative ways of disseminating content, like CBSN, a news service that streams 24 hours a day, will become even more useful. Improvements in weather technology and modeling will be crucial in ensuring the delivery of reliable, local information that people now crave and anticipate.</p><p></p><h3><strong>Making Connections for and with Users </strong></h3><p>A phenomenon that distinguishes the important broadcasters from the fading ones as the sector continues to grow rapidly: engaging with their customers and communicating with their customers. Broadcasters are pouring out more content in both volume and variety, but some are more effective at making it catch on than others. It's not that what the winners generate is naturally better than the others.</p><p>In this era of knowledge abundance, there is a dizzying number of dots to bind. Broadcasters tend to be keen on presenting the information accurately but avoid connecting the dots. Growing numbers of broadcasters are distilling weather information to consider the real needs of users, which is where broadcasters have to go to remain relevant in the everyday lives of users.</p><p></p><h3><strong>More Powerful Consumer Smartphones</strong></h3><p>Lastly, it's a huge change that few speak about, but it's going to make a major difference for us in broadcasting and especially for the rich weather content. Through leaps and limits, the mobile apps themselves are getting stronger. A modern smartphone's GPU computation cycle is similar to the GPU power required to do the real-time rendering. </p><p>All of the technological transitions reflect major changes in broadcasting for users. But what's much more important is the fact that all of these developments collide at the same time. Major technological changes in television used to happen every 5-7 years in increments. The broadcasting industry is at the turning point where, in every 6-9 months, these major changes will layer.</p><p></p><h2><strong>To sum up</strong></h2><p>The over-the-air (OTA) transmission platform market is growing among broadcasters as manufacturers of television & streaming devices have introduced ATSC 3.0-capable televisions worldwide. As more users switch to OTA, the content at very low CAPEX & OPEX will be made available locally. Customizing content at station level will offer major benefits to TV networks, and promote creativity in ads.</p><p></p><p><strong>Free Valuable Insights:</strong> <a href="https://www.kbvresearch.com/news/over-the-air-transmission-platform-market/">Global Over-the-Air (OTA) Transmission Platform Market to reach a market size of USD 124.3 million by 2025</a></p><p></p><p>For example, graphics appearing on ads can be personalized with a local number that the viewer can contact. It will not only allow the television advertiser and television station to provide more specific customer service but also to assess data on regional ROI as well as creative efficiency.</p></div>Digital lending platform: Providing new business horizonshttps://globalriskcommunity.com/profiles/blogs/digital-lending-platform-providing-new-business-horizons2020-01-15T07:18:46.000Z2020-01-15T07:18:46.000ZKBV Researchhttps://globalriskcommunity.com/members/KBVResearch<div><p>The contemporary lending platforms have started exploiting Artificial Intelligence and Machine Learning technologies to produce valuable insights from additional data sources. Analyzing digital footprint, for example, has helped bring in a comprehensive borrowers' evaluation. The removal of manual touchpoints also accelerated the time needed to make credit decisions.</p><p>Through supporting small businesses with finance, these platforms help create jobs and help the country's overall financial growth and, most significantly, introduce new companies that succeed with good business models. These <a href="https://www.kbvresearch.com/digital-lending-platform-market/"><strong>digital platforms</strong></a> also provide versatility around making along with being more open compared to traditional financial systems. Such new-age platforms, which serve as a springboard to build a good credit history particularly for underserved borrowers, can further enable them in the future to access credit from other outlets.</p><p><span style="font-size:14pt;"><strong>What is a digital lending platform?</strong></span></p><p><span style="font-size:14pt;"><strong><a href="{{#staticFileLink}}8028306272,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028306272,original{{/staticFileLink}}" class="align-center" width="297" height="297" alt="8028306272?profile=original" /></a></strong></span></p><p>Consumers expect seamless interactions in all aspects of their lives in the progressive digital world. A digital lending platform simplifies the process of securing a mortgage, home loan, or savings account, allowing borrowers to close more loans at a lower cost while building stronger, long-term customer relationships. Over the past years, digital lending has been a growing global trend. It may initially have been rejected as a 'buzzword' without a commonly defined concept, but all business concerns have been overcome by the bold foray of Fintech startups and tech giants into the grey space.</p><p><span style="font-size:14pt;"><strong>Why digital lending?</strong></span></p><p>Increasing customer expectations and standards for alternative methods of borrowing money have opened up new markets. And businesses, as a differentiating factor, have always been prompt in understanding the importance of customer experience. They take the opportunity to improve efficiencies, cut costs, and grow proactively.</p><p>The explosion into the financial markets of tech-savvy Millennials and Generation Z customers has caused a fundamental shift in consumer perceptions and behaviors. Instant gratification is their secret, and digital activities like online food ordering, cab booking, and grocery/essential shopping have reinforced this approach only. They have a stronger emotional connection with brands like Apple, Uber, Amazon, and Google that have pioneered in new-age technology. Both digital interactions seek to emulate the perceived ease of use and satisfaction of digital-only products (e.g. Dropbox).</p><p><span style="font-size:14pt;"><strong>Marketplace Lending Platforms</strong></span></p><p>P2P platforms use advanced credit modeling and lending underwriting, integrating several data sets (beyond credit scores) to reach a wide range of potential buyers, benefiting even those lenders who are rejected by the traditional bank credit scoring system. P2P platforms provide automated loan selection features for borrowers, where investors may set predefined conditions for loans they intend to buy.</p><p>There is also the opportunity to invest up to 100% of capital. The key strength of the P2P platform lies in its simplified process of lending through an online interface. While many of the platform's features favor lenders, the consumer also benefits from the platform's widespread acceptance. Key features include a quick online review of interest rates by presenting some basic income, credit score, etc. information on the P2P website, real-time notifications of the approval and financing process, after approval, the applicant can quickly access the percentage of the loan that has been funded.</p><p><span style="font-size:14pt;"><strong>Digital lending solutions for small to mid-sized businesses</strong></span></p><ul><li><span style="font-size:12pt;"><strong>The gap</strong></span></li></ul><p>For decades, the disparity in structured finance availability has troubled the small and medium-sized businesses. Notwithstanding attempts to increase bank credit flow to this section, much of the funding still comes from an informal source. Fintech companies could start making a dent in this unmet need for funding at a time when more businesses join the formal sector. A key change that will encourage these businesses to obtain structured loans is the transfer of MSMEs from the informal sector to the formal one. This change is driven by the Goods and Services Tax and digital payment options are available.</p><ul><li><span style="font-size:12pt;"><strong>Risk analytics and digital lending adoption</strong></span></li></ul><p>A risk analytics software can deliver the big data functionality needed, tailored to the specific operational climate. Modular platforms help to mix and match resources according to needs. Besides, strategic partnerships are used to collect data from a variety of sources, adding value to the analytics processes by integrating a wider range of data sets into the decision-making process.</p><p>While customer-based apps and services may seem to be the most urgent elements of an online program, positive customer experience can't be generated without back-end systems that help make prompt decisions. This is where tools for risk analysis come into play and can help the bank successfully launch a digital lending initiative.</p><ul><li><span style="font-size:12pt;"><strong>Streamlines decision making</strong></span></li></ul><p>The biggest attraction is the time to decision making. The average decision-making time for small business loans is 3 to 5 weeks. The average cash time is nearly three months. For a small business that requires a cash injection in a hurry, this waiting period is a real issue. Also, lenders will want to reduce this time gap at the same time. It will not only be cheaper, but it will also increase the number of loans they can make, leading to higher profits.</p><p>For example, mortgage owners could benefit from the digital analysis that not only provides them with a faster response but also develops a more tailor-made package to meet their needs. Insurance companies can also use digital loans to streamline procedures, save money, and provide more tailored policies. Financial services can track clients and provide real-time guidance that is more accurate, personalized and instant.</p><p><span style="font-size:14pt;"><strong>To sum up</strong></span></p><p>The <a href="https://www.kbvresearch.com/digital-lending-platform-market/"><strong>digital lending platform market</strong></a>, as an emerging industry, paves the way for building trust, transparency and changes the way alternate financial services are viewed worldwide. Ultimately, the ease and seamless experience of using digital lending platforms and their ability to fill the credit gap for underserved individuals and corporate borrowers leads the industry to exponential growth.</p><p>Nevertheless, these networks will never erase conventional FIs from the ecosystem of lending. Instead, they will partner in building a balanced and inclusive lending infrastructure and collaborate with the incumbent financial institutions. The synergy between the traditional institutions' tech-enabled platforms, data-based insights, and scale will open up intriguing avenues for expanding credit reach to a wide range of underserved segments in the future.</p></div>Taking the Go-to-Market Platform Design Route to Gain Competitive Advantagehttps://globalriskcommunity.com/profiles/blogs/taking-the-go-to-market-platform-design-route-to-gain-competitive2019-12-20T06:30:00.000Z2019-12-20T06:30:00.000ZJoseph Robinsonhttps://globalriskcommunity.com/members/JosephRobinson808<div><p>The routes to market that Consumer Packaged Goods (CPG) companies use to sell and service their trade account is essentially critical.<a href="http://flevy.com/blog/wp-content/uploads/2019/04/picture-1-Go-to-Market-225x300.jpeg" target="_blank"><img src="http://flevy.com/blog/wp-content/uploads/2019/04/picture-1-Go-to-Market-225x300.jpeg?profile=RESIZE_710x" width="225" class="align-right" alt="picture-1-Go-to-Market-225x300.jpeg?profile=RESIZE_710x" /></a> It determines their sales volume, their ability to deliver the proper levels of customer service in a cost-effective manner, and their success at securing scarce retail shelf space for their products.</p><p>Yet, only a few CPG companies have a comprehensive conceptual framework for optimizing their routes to market.</p><h3><strong>Diving into a Go-to-Market (GTM) Strategy</strong></h3><p>The <a href="https://flevy.com/business-toolkit/product-go-to-market-strategy">Go-to-Market Strategy</a> develops during the introduction of new products or services. The end goal is to enhance overall customer experience by delivering a unique value proposition to customers and achieve competitive advantage.</p><p>From a Go-to-Market Strategy, companies must have a proven <a href="https://flevy.com/browse/flevypro/go-to-market-platform-design-3744">GTM Platform</a> to design profitable <a href="https://flevy.com/business-toolkit/product-go-to-market-strategy">Go-to-Market (GTM) Models</a>. The platform will enable managers to identify and analyze the key activities and tasks required to best serve their customer segments.</p><p>A consistent and comprehensive platform for rethinking GTM Model across the customer base must be established. It must be capable of producing a clear vision of desire route-to-market outcomes. It must have a comprehensive understanding of the roles and functions of the employees staffing the routes.</p><p>It must have a systematic approach to GTM Model analysis, design, implementation, and management.</p><h3><strong>The <a href="https://flevy.com/browse/flevypro/go-to-market-platform-design-3744">4 Core Pillars of a Go-to-Market Platform</a></strong></h3><p><a href="https://flevy.com/browse/flevypro/go-to-market-platform-design-3744" target="_blank"><img src="http://flevy.com/blog/wp-content/uploads/2019/04/slide-1-Go-to-Market-Platform-1024x768.png?profile=RESIZE_710x" width="750" class="align-full" alt="slide-1-Go-to-Market-Platform-1024x768.png?profile=RESIZE_710x" /></a></p><ol><li><strong>Market-driven</strong>. An effective <a href="https://flevy.com/browse/flevypro/go-to-market-platform-design-3744">GTM Platform</a> must be market-driven. When this is market-driven, GTM Model designers are forced to identify and define their company’s <a href="https://www.mckinsey.com/industries/semiconductors/our-insights/beyond-the-core-identifying-new-segments-for-growth-through-value-chain-partners">customer segments</a>.</li></ol><ol start="2"><li><strong>Coheren</strong>t. A coherent GTM Platform supports the achievement of corporate goals. Coherence in the customer service framework ensures that the GTM Model achieves this direction. A GTM Platform must receive the support it needs to operate successfully.</li></ol><ol start="3"><li><strong>Balanced</strong>. An effective GTM Platform must enable identification and balancing of competing priorities in the design and operation of GTM Models. When this happens, proper trade-offs among priorities are determined and an optimal GTM Model is built. Proper balancing of competing priorities sets the GTM Platform on the stable and efficient ground.</li></ol><ol start="4"><li><strong>Flexible</strong>. Managers need flexibility when it comes to GTM Model. A high-quality design platform enables CPG companies to better manage an increasingly diverse customer base with differentiated GTM Models. GTM Platforms must be flexible enough to be adapted in response to changing strategic goals and competitive threats.</li></ol><p>Analyzing and designing a GTM Model is very rewarding but it is a complex task. Multiple stakeholders are involved. Experiences of thousands of customers can be affected. Strategic goals, operational capabilities, and other variables must be considered. And lastly, investment in time and resources must be substantial.</p><p>However, companies can surpass this if they have a good handle of the 4 Pillars of the Go-to-Market Platform Design. Learning the features and framework of the 4 Pillars of the GTM Platform can provide companies the necessary tools towards designing an effective and robust Go-to-Market Model.</p><p>Interested in gaining more understanding of <a href="https://flevy.com/browse/flevypro/go-to-market-platform-design-3744">Go-to-Market Platform Design</a>? You can learn more and <a href="https://flevy.com/browse/flevypro/go-to-market-platform-design-3744">download an editable PowerPoint about <strong>Go-to-Market Platform Design</strong> here</a> on the Flevy documents marketplace.</p><p><strong>Are you a management consultant?</strong></p><p>You can download this and hundreds of other <a href="http://flevy.com/pro/library/frameworks">consulting frameworks</a> and <a href="http://flevy.com/pro/library/consulting">consulting training guides</a> from the <a href="http://flevy.com/pro/library">FlevyPro library</a>.</p></div>Global Integration Platform as a Service market Growthhttps://globalriskcommunity.com/profiles/blogs/global-integration-platform-as-a-service-market-growth2018-12-04T05:23:52.000Z2018-12-04T05:23:52.000ZKusumhttps://globalriskcommunity.com/members/Kusum<div><p><a href="https://kbvresearch.com/news/global-integration-platform-as-a-service-market" target="_blank">Integration platform as a service (iPaaS)</a> is a collection of self-regulating accessories for intercommunicating software applications that definitely are integrated in various environments. Integration Platform as a Service might possibly be employed by large business-to-business (B2B) enterprises that are required to integrate on-premises applications and data with cloud applications and data. Easily, an Integration Platform as a Service platform provides you with pre-built connectors, business rules, maps and transformations that allow the growth of integration flows and application programming interface (API) management. Some Integration Platform as Service solution providers also provide custom building kits for linking legacy applications with mobile and social applications. Trendy other highlights integrate abilities for controlling data quality. At large, the concept of software integration has now been a great part of the advancements in enterprise systems and comes with posed a large number of questions to engineers. The a lot more a software system is integrated, the even more functions.</p><p>Developers discuss about eliminating information silos by supplying data to flow freely by software architecture. One additional correlated theory is the facility that users can communicate extra casually between built in items of software. Integration will even help with security or other problems. Integration Platform as a Service frequently features specialist compatibility tools for pieces of software applications making available cloud services. Integration Platform as Service gadgets can possibly is appropriate for messaging between platforms to custom-made data transfer. As Integration Platform as a Service has started to become highly relevant to a number of businesses, it can be a method they could discuss regarding with their cloud vendors when it comes to putting together an entire cloud package for an enterprise client.</p><p>The technologies significant and that will work with Integration flow development, API life cycle management surely has prevailed with prominence in addition to the integration of B2B and IoT services with cloud-based platforms. The Integration Platform as a Service integrates all many of these industry services and its purposes within an usual platform. The professional services which includes Internet of things (IoT) and Application Process Integration (API) with continuous increased the amount of consumer and sellers now have given rise to improved rise of Integration Platform as a Service market. The need for Integration Platform as a Service is driven by important things comparable to the requirement of company agility, faster deployment, scalability, increasing recognition approximately Integration Platform as Service among enterprises, and dropped cost of control. With the rise in adoption of cloud computing among enterprises, the <a href="https://kbvresearch.com/global-integration-platform-as-a-service-market/" target="_blank">Integration Platform as a Service market Growth</a> is forecasted to build up essential momentum at the time of the predict period.</p></div>