Some pros of using digital platforms are improved efficiency and automation of processes, enhanced user experience and customization options, increased data collection and analysis capabilities, lower costs and scalability compared to traditional solutions.The network effect refers to the concept that the value of a product or service increases when the number of people who use that product or service increases. Some examples are Rideshare: Uber, Lyft. Delivery: Grubhub, DoorDash, Uber Eats, Instacart, Postmates. Social Media: Facebook, Twitter, Instagram, LinkedIn, Snapchat, Pinterest. Some pros of cloud computing included cost savings and increased efficiency, scalability and flexible resource allocation, access to advanced technology and tools, improved disaster recovery and data security. While cons of cloud computing included but are not limited to dependence on internet connectivity, potential for vendor lock-in, security and privacy concerns, complexity of managing and integrating multiple cloud services.
Hello Lisbeth,
I like your post because it is discussing digital platforms. Social media is a very big part of that. In my post, I wrote about a data breach that occurred in Facebook as recently as 2021. Users run a high risk of having their personal information being in bad hands. We should pay more attention to privacy settings and share less personal information in general.
Hi Lisbeth,
I like the list of examples you provided for the network effect. It helps us get an understanding of how we are affected by it and how it surrounds us in our daily lives.