Session 1

Question 1

What are Digital Ecosystems ?

Answer 1

A digital business model that uses one or more technology intermediaries to connect multiple independent actors to interact and make business or social transactions

Question 2

Synonym of Digital Ecosystem

Answer 2

Digital Platform / Multi-sided Platform

Question 3

What is a platoform ?

Answer 3

Business model that creates balue by facilitating transactions between buyers and seliers in an ecosystem, with the aim of capturing part of that value

Question 4

What is supply ?

Answer 4

Products / Services / Data / Skills / Money / Proprety / News / Content / Apps

Question 5

What is demand ?

Answer 5

Individuals / Big Orgs / Small Orgs / Governments / Machines

Question 6

What is a digital platform ?

Answer 6

Core technology intermediary in a digital ecosystem often provided by the parent company or companies at the center of the ecosystem

Question 7

What is a Business Model ?

Answer 7

How a business is organized to create, capture and deliver value

Question 8

What is a Digital Business Model ?

Answer 8

How a business leverages digital technology to create, capture and gain value

Question 9

What are the Determinants of Digital Ecosystems ?

Answer 9

• Devices
• Barriers
• Population

Question 10

What is the effect of Digital Ecosystems on the world ?

Answer 10

Leverage the profileration of digital technology use (in terms of total population, unique mobile users, internet users, active social media users, and mobile social media users)

Question 11

What is the CPU ?

Answer 11

Brain of the computer that processes and executes digital instructions from various programs; its clock speed determines the computer’s performance and efficiency in processing data

Question 12

What does CPU stands for ?

Answer 12

Computer Power

Question 13

Functioning of a CPU

Answer 13

System of transistors that convert electronic waves into bitstreams back and forth between the computer’s hardware and software elements

Question 14

Moore’s Law

Answer 14

Approximately every two years, technology doubles the total number of transistors that manufactures can squeeze into an integreated circuit. In general terms, iit implies that computing power increases exponentially over time. At their very core, computers are built out of a number chips or integrated circuits.

Question 15

Inventor of Moore’s Law

Answer 15

American Engineer, George Moore

Question 16

Dematerliazation

Answer 16

The fact that devices like monitor, scanner, speaker, printer are integrated into one device (smartphone)

Question 17

IOT

Answer 17

Internet of things (hardware goes beyond the conventional computer = fridge, padlock, speakers)

Question 18

Digitization

Answer 18

Converting something non-digital into a digital representation or artifact (ex: paper into PDF)

Question 19

Digitalization

Answer 19

Making business processes more automated using digital, but doesn’t change or transform them

Question 20

Digital Transformation

Answer 20

A business transformation enabled by digitalization (ex: Nike’s SNKRS App)

Question 21

Digital information propreties

Answer 21

• Non-rival
• Close to zero marginal cost of reproduction

Question 22

What are Network Effects?

Answer 22

A phenomenon whereby a digital ecosystem derives value from an increase in the number of actors adopting and using it

Question 23

Traditional Business Model

Answer 23

Linear value chain model

Question 24

Platform Business Model

Answer 24

Creation of a platform that facilitates interactions between producers and consumers (ex: Facebook Marketplace)

Question 25

On which type of content most famous websites all over the world rely on ?

Answer 25

User-generated content

Question 26

What does UGC is so particular ?

Answer 26

Users spend time to produce content, help, rely, translate, advice without expecting anything in turn

Question 27

Free Model

Answer 27

No fees for access and use - Enables positive network effects and the gathering of a critical mass after launch

Question 28

Freemium Model

Answer 28

Both free and premium version, with premium having full features (ex: ChatGPT Plus) - Enables viral growth

Question 29

How can a Freemium Model platform be sustained by itself ?

Answer 29

The premium users need to achieve a crucial mass to support free users so that the platform is above self sustaining - different number for every platform

Question 30

Ad-supported Model

Answer 30

Free access but ad-supported - sometimes user is paused during advertisement

Question 31

Free + Model

Answer 31

Free to use but has paid addons to improve functionality - Games (ex: Fortnite, Need for Speed)

Question 32

Sponsorship Model

Answer 32

The service or product is sponsored for it to be freely avaible to users (ex: online jounrals sponsered by third parties) - Promotes third party agenda (trust issues)

Question 33

Transaction charges

Answer 33

Pay a fee to access, acquire, and/or use (ex: Uber Eats)

Question 34

Extensible Software Ecosystems

Answer 34

Extensible Softwares to accommodate new functions: third-party apps, extensions, addons (ex: Google Chrome, Windows, Android, Safari)

Question 35

Social Networking Sites (Ecosystems)

Answer 35

A global platform connecting individuals and their social networks, leveraging user-generated content (UGC) to generate revenue through advertisements and data, reaching millions to billions of users.

Question 36

Crowdsourcing Ecosystems

Answer 36

Many individuals connect through a platform to source resources and services (GoFundMe, InnoCentive, Kickstarter)

Question 37

Product Platform Ecosystems

Answer 37

Product platform ecosystems emerge from product digitalization, transforming products into digital ecosystems that link physical items to digital technologies, connect previously separate actors, and integrate other products and services, while the owner retains control over physical production (e.g., cars, houses, cities, shoes)

Question 38

Sharing economy digital Ecosystem

Answer 38

The sharing economy digital ecosystem connects users through platforms that facilitate the efficient sharing of physical products, with minimal ownership by the platform provider (e.g., ride-sharing, e-scooters, and accommodation sharing).