Platform Economy Summit 2021

October 1, 2021 at Frankfurt, Germany (POSTPONED Date TBC)

Time for a business model revolution in Europe

As we enter the 4th Industrial Revolution unprecedented threats and opportunities emerge, for all businesses in all sectors.

The world’s 6 most valuable companies run platform business models. None are European. 60% of the ‘Unicorn’ billion dollar start-ups are platform businesses. Only a small proportion were born in Europe. Europe’s share of the world’s top 100 public companies is declining in both number and value.

The summit helps leaders define bold new strategies that drive new growth, value and productivity.

Seven of the world’s ten most valuable companies are platform businesses. None of them is European. 60% of the ‘Unicorn’ billion dollar start-ups are platform businesses. Only a small proportion were born in Europe.

Europe’s share of the world’s top 100 public companies is declining in both number and value.

Why? The US and China have adopted – faster and at greater scale – advanced digital business models based on ‘platform thinking’. These leverage the full power of software and hyper-connectedness. They work in very different ways to traditional business models and outperform them on all measures of growth and value.

While platforms are commercially very powerful and disruptive, they increasingly have significant socio-economic impact too: on trade flows between companies and countries, on jobs and the nature of employment, and the way they exploit personal data.

From a commercial point of view there is a real danger that Europe falls behind the US and China in preparing for the emergent 4th Industrial Revolution*. Currently we are not translating our lead in scientific research into the same levels of economic value.

At the same time, Europe has an opportunity to take a lead in creating fairer social frameworks in which new digital business models can thrive.

To respond effectively to the opportunities and threats, European business leaders, investors and policy makers across all sectors must quickly understand – in much more detail – the new concepts, technologies and skills underpinning advanced digital business models and platforms and learn how to manage, incorporate, co-exist and/or compete with them.

The Platform Economy Summit Europe has been specially designed to address this challenge.

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