Traditional businesses should consider transitioning to or incorporating platform-based models to leverage network effects. This can involve creating ecosystems where users can interact and transact, thereby increasing the value of the service as more people join. | Erik Brynjolfsson | Machine, Platform, Crowd

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Adopt Platform Business Models

Traditional businesses should consider transitioning to or incorporating platform-based models to leverage network effects. This can involve creating ecosystems where users can interact and transact, thereby increasing the value of the service as more people join.

-- Erik Brynjolfsson