December 2018CIOAPPLICATIONS.COM8Technology Keys to Building a Disruptive Networked Businessndustry after industry is being disrupted by new business models supported by technology platforms. The rate of an industry's disruption can be dramatic as exampled by firms like Uber which has redefined the for-hire personal transportation business. Networked business models supported by Information Technology are driving disruption. Should your firm become a networked business?The purpose of this article is too put a frame around the technology needed to support business models aimed at disrupting markets. One way to think about this is to consider, perhaps, the most disruptive platform ever. When Apple introduced the iPhone most assumed it was a phone with a camera. We soon found that it is a platform. The elements of Apple's business model (a networked business) are-· A technology platform (the phone). · An app construction tool kit for developers.· A network of developers.· A network of iPhone users. · An online store to make those apps available to anyone.The change to our world has been dramatic.So, what is the technology needed to support a networked business model? Start with a cloud based Platform as a Service (PaaS) deployed with Services Oriented Architecture (SOA). The two allowing easy access to the development platform. I ROBERT CRUDUP, EVP & CIO, SEI INVESTMENT COMPANYin my view
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