Cloud Based Platform Ecosystems

What is Cloud Based Platform Ecosystems?

A Cloud Based Ecosystem includes all the components that that create a cloud services model, including software applications, providers and brokers, developers, and end-users. Each contributes to create a network that can grow in size and complexity.

How does Cloud Based Platform Ecosystems work?

A cloud-based platform ecosystem can best be thought of as a complex hub and spoke model with an unlimited number of interconnected relationships branching out from a central cloud provider, which serves as the center, or nucleus, of the ecosystem. Cloud based ecosystems work on one of three service models: software-as-a-service, which allows software applications to be delivered over the Internet; platform-as-a-service, which hands software businesses a total development environment through cloud computing; and infrastructure-as-a-service, which provides small and medium-sized businesses computing, networking, and on-demand resources at reasonable prices.

What are the business benefits of Cloud Based Platform Ecosystems?

• Provides scalability as the ecosystem components can be quickly increased or decreased depending on demand
• Prevents security risks as cloud providers focus on having reliable and secure safeguards in place to prevent data breaches or loss of data episodes
• Improves cost efficiency as businesses are only charged for computing consumption, lowering costs for infrastructure and running expenses
• Drives innovation for companies who want to use this cloud ecosystem for greater experimentation between creators and users
• Promotes flexibility and teamwork among staff as work can be seamlessly integrated and transitioned among various applications and platforms