| |December 20198igital transformation is on the agenda of every Enterprise's strategic plans. As part of digital transformation, enterprises want to embark on `platformization' journey since platform businesses deliver higher revenue growth, profits, and value as exemplified by digital-native businesses such as Facebook, Google, Amazon, Apple, Microsoft, etc.We define Platformization as evolving or modernizing the legacy business model to "Platform" business model. Platform business model provides a plug and play business model that allows multiple participants (producers and consumers) to connect, interact with each other and create and exchange value in terms of tangible assets (products) and intangible assets (services, ideas, information, social and business relationships). But, Platformization is not easy. It requires the enterprise to reimagine their business across multiple dimensions ­ organization, business models, customer engagement, ecosystem, technology and data.Platformization Readiness Assessment FrameworkEnterprises embracing the Platformization journey should assess their readiness against multiple factors under three pillars ­ Organization Readiness, Technology Readiness and Ecosystem Readiness.1. Organization Readiness ­ Transformation to platform business demands more than new technologies. It also requires changes to culture and process in the organization. So, it is necessary to assess the platformization readiness of an enterprise on factors such as culture, process, availability of digital talent, governance and team structure.PLATFORMIZATION ­ KEY TO SUCCESSFUL DIGITAL BUSINESSDSenthil brings 20+ years of industry experience in End to End Solution Architecture, Presales, System integration, Consulting, Product Development and architecture. At GlobalLogic he is involved in presales, advisory studies and delivery across horizontal technology areas like Big Data & Analytics, Cloud, DevOps, UI/UX for customers of Communication, Retail and Technology Business Units.By Senthil Kumar, Associate Vice President, GlobalLogicExpert opinion
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