Product to Platform Transformation & Strategy

Product-to-Platform Transformation

Platforms beat products because it’s easier to add product functionalities to a platform and create subsequent network effects, than vice versa.

Whether you’re a product-first industrial company seeking to build a superior data strategy, or a financial services company trying to leverage societal investment opportunities to enable your clients to invest in ‘double-bottom line’ ventures, Spire can develop the right platform strategy for your business.

If your company wants to make the shift to platform, we can help you:

Build a 2-sided or multi-sided platform

Transform your current linear value chain by putting your service at the centre of a new ecosystem

Curate and control the movement of your value to facilitate interaction between asset-heavy firms

Create the right governance and behavioural standards

Develop critical network effects and build new communities that can make a difference

Create highly effective profit strategies so you know which side of the platform to monetise from