ABSTRACT
This chapter explains the digital platform competition. Internet of things (IoT) or Industry 4.0 are expected to lead to revolutionary changes in global economic structures. IoT facilitates potential opportunities for new business models, which can have disruptive effects on existing industrial sectors. The Internet, one of the greatest technological innovations, has brought significant opportunities to create new products, processes and businesses. Digital platforms are developed to facilitate cooperation and collaboration and provide support to new business initiated by smaller partner companies (SMEs) and start-ups. Huawei envisions digitally enabled products and services which are connected to an underlying platform providing universal connectivity. New entrepreneurial opportunities will come from the possibility to create digital copies of existing physical devices. SMEs foster digitalization and collaboration with large companies on the basis of platforms aiming at both more efficient internal processes and market expansion.
