Critical Role of Data in Platform Economy
summary
Argues that data is the core asset behind platform dominance and gives concrete examples: Alibaba uses ecosystem data to power Sesame Credit, Airbnb reaches >$100B valuation with no owned rooms, HSBC exposes APIs to power HKTVmall SME credit scoring, and DBS trains citizen data scientists and exposes Banking-as-a-Service to partners. Explains the mechanics as a data flywheel and network effects that turn product vendors into multi‑sided platforms, and warns platforms must migrate toward metaverse‑style experiences (McKinsey $5T by 2030).
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chapters (11)
- 0:00Introduction
- 3:27Platform Economy
- 12:15What is a platform
- 15:00Network effect
- 16:24Hybrid platform
- 19:38Airbnb
- 20:17HSBC
- 21:27DBS
- 21:54Virtual Cycle of Data
- 22:56Data Platform
- 24:06Whats Next
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