By Sreeraman Thiagarajan A couple of decades ago, buying and selling shares meant you needed two things – financial acumen in capital markets and importantly, a healthy vocal cord to participate in ‘open outcry’ at the pit inside a stock exchange. Now there’s an app for it. But how we came here is an interesting lesson in innovation and platform play. Platform play is a de-facto vision and road map for most product companies today. It stems from the proven model of controlling information between demand and supply and finding multiple arbitrage in between. Ecommerce websites, job portals, stock exchanges, app stores, music streaming apps, commodity trade portals, are great examples of platform play. But rarely have we seen incumbents build a platform or marketplace, and if they do so, they accrue the wrath of supply side players and status quo loving old timers, who don’t mind losing an eye, as long as their opponent loses both. The past few weeks as been telling in terms of how incumbents hate change, especially changes that are powered by technology and pushes the rules and boundaries of business. Inox is disgruntled at movie producers for skipping the theatrical window and releasing the… Read full this story
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