Platform ecosystem
Okay kiddo, imagine there's a big family of animals living in a forest. There are birds, squirrels, rabbits, and deer. Each of them has their own special skills, like birds can fly and squirrels can climb trees. They all live together and depend on each other to survive.
Now, let's pretend that this forest is like a computer or smartphone, and each animal is a different app or program that you use. Just like the animals in the forest, these apps rely on each other to work properly.
This group of apps is called a platform, which is like a playground that they all share. This playground is owned by a company or organization that creates the rules and decides who can play there.
The platform company wants more and more apps to come and play in their playground, because it means more people will use their platform. So, they make it easy for app developers to create new apps that can work with the other apps already in the playground.
This is how a platform ecosystem works – all the apps and programs working together on one platform to create a better experience for you. Just like the animals in the forest, they are all connected and depend on each other to survive and thrive.
Now, let's pretend that this forest is like a computer or smartphone, and each animal is a different app or program that you use. Just like the animals in the forest, these apps rely on each other to work properly.
This group of apps is called a platform, which is like a playground that they all share. This playground is owned by a company or organization that creates the rules and decides who can play there.
The platform company wants more and more apps to come and play in their playground, because it means more people will use their platform. So, they make it easy for app developers to create new apps that can work with the other apps already in the playground.
This is how a platform ecosystem works – all the apps and programs working together on one platform to create a better experience for you. Just like the animals in the forest, they are all connected and depend on each other to survive and thrive.