Big Ideas

Platform Business Models & Digital Ecosystems

One to the big ideas of our day is the potential for platform business models and digital ecosystems to be a disruptive force in the global insurance industry.  Platform business models beat traditional business models in winner takes all contests.  Experts suggest that by 2025 large distinct ecosystems will account for $60 trillion of global revenue or roughly one third of all revenue.  Leaders of traditional business models must develop new strategies and operational capabilities or risk disruption by platform businesses that leverage societal change, new technologies and the exponential benefits of the network effect.

As a curator of content, I’ve attempted to compile information that provides insight into the core concepts and disciplines of platform thinking.  These insights are revealed in the Perspective (Blog) tab.

As a big picture thinker, I’ve identified and I’m currently exploring exciting opportunities in the platform business models and digital ecosystems market.  My point of view on the potential commercialization of these concepts is highlighted in the Exciting Projects, Want to Know More? and Now What? tabs.


Exciting Projects

Elias Point Ventures, LLC

Elias Point Ventures is an advisory and business services firm driving digital transformation of the global risk management and insurance industry through the promotion and adoption of platform business models and digital ecosystems.  Platform business models beat traditional business models in winner takes all contests.  Leaders must develop new strategies and operational capabilities or risk disruption by platform businesses.

Innovative firms transform the core, grow the core and scale the new.  Transforming the core requires the application of new technologies to deliver sustained cost reductions.  Growing the core requires the application of new technologies to personalize customer experience and empower data driven decision making.  Scaling the new requires developing new business models, new revenue models, innovation architectures, ecosystem partnerships and corporate venturing and acquisitions. Elias Point Ventures advises executive teams as they scale the new through the launching of platform business models.

Elias Point Ventures is a platform community facilitator through the Insurance Platforms Institute, an adviser to those seeking to launch a platform business model and a builder | owner | orchestrator of platform businesses. The group provides valuable insights in these critical areas:

  • Vision Validation
    • Value Proposition, Ecosystem Role
  • Platform Strategy Formulation
    • Business Model Structure, Reward Sharing Mechanisms
  • Ecosystem Activation
    • Governance, Collaboration, KPIs
  • Open Innovation Acceleration
    • Platform Driven Innovation
  • Talent Management
    • Sponsorship, Organization Alignment
  • Technology Application & Data Management
    • Platform Technologies, Data Capabilities

Insurance Platforms Institute

In the digital era, platform business models beat traditional business models in winner takes all contests.  Experts suggest that by 2025 large distinct ecosystems will account for $60 trillion of global revenue or roughly one third of all revenue.  Leaders of traditional business models must develop new strategies and operational capabilities or risk disruption by platform businesses that leverage societal change, new technologies and the exponential benefits of the network effect.