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Building Sustainable Ecosystems: The Economics of Collaboration

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SOMOS TFUS 2020 - Breakout Session Talk by Mifan Careem

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Building Sustainable Ecosystems: The Economics of Collaboration

  1. 1. Building Sustainable Ecosystems The Economics of Collaboration Mifan Careem, Vice President - Solution Architecture, WSO2 Inc mifan@wso2.com | https://www.linkedin.com/in/mifan/
  2. 2. 2 Addresses full API lifecycle management operations. Open, extensible, customizable. 200K APIs for 20K Orgs Hybrid integration platform for quick, iterative integration of any application, data, or system. 6 Trillion Transactions/yr Federates and manages identities across both cloud service and enterprise environments. 100M identities managed WSO2 API MANAGER WSO2 IDENTITY SERVERWSO2 ENTERPRISE INTEGRATOR WSO2 - Technology for Digital Transformation 650+ Employees 50% Engineering 650+ Employees 50% Engineering 550+ Customers Around the world (129 New in 2019) Open Source Flexible Deployment, Faster Time To Market Since 2005 Founded in 2005, Backed by Cisco and Toba Capital Global Presence Colombo, New York, London, Mountain View, São Paulo, Sydney, Berlin, Mexico, Italy
  3. 3. “Every company is a software company. You have to start thinking and operating like a digital company. It’s no longer just about procuring one solution and deploying one. It’s not about one simple software solution. It’s really you yourself thinking of your own future as a digital company.” - Satya Nadella, Microsoft - 2019 -
  4. 4. “Software alone is a commodity. There is nothing stopping anyone from copying the feature set, making it better, cheaper, or faster.” FRED WILSON, FOUNDER – USV – MODERN MONOPOLIES
  5. 5. Platforms provide the power of network effects
  6. 6. Source: Trust mechanisms and online platforms: A regulatory response, Harvard Business School
  7. 7. API Platforms enable Business Platforms ● APIs are the Products of the 21s Century ● APIs provide Digital Value = Value Programming Interface (VPI) ● APIs encapsulate Intellectual Property ● API platforms provide a medium for API exchange ● API Marketplaces promotes collaboration on top of API platforms
  8. 8. “What was once a rich selection of blogs and websites has been compressed under the powerful weight of a few dominant platforms. This concentration of power creates a new set of gatekeepers, allowing a handful of platforms to control which ideas and opinions are seen and shared.” Tim Berners-Lee https://webfoundation.org/2018/03/we b-birthday-29/
  9. 9. Source: Building Trust on Digital Platforms, HawkPartners
  10. 10. Source: David Sacks, Yammer on Uber’s business model valuation Source: Trust mechanisms and online platforms: A regulatory response, Harvard Business School Platforms and Feedback Loops
  11. 11. More Buyers/Consumers means more users, better prices, more incentives for better products/APIs More Sellers/Producers means more products, better competition, incentives for more buyers Same side network effects Same side network effects Cross side network effects
  12. 12. API ecosystem patterns https://wso2.com/library/webinars/federated-apis-across-ecosystems/ 12 #1 e.g. Scania Internal federated marketplace #2 e.g. BNY Mellon Partner marketplace #3 e.g. Smart Dubai Closed group marketplace #4 e.g. ideabiz Shared revenue marketplace #5 e.g. Apigate Aggregator marketplace
  13. 13. It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change.”“ Charles Darwin

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