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INTERMEDIA

PLATFORM CAPITALISM

13.10.2018
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By Antonio Nicita

“It’s all about data,” wrote Chris Chapman, president of the IIC, in Intermedia this year. And every day passed in the digital ecosystem shows how true this is for the future of communications. According to the IDC Data Age 2025 forecast, in the next 6 years the volume of data created in the “datasphere” is expected to increase by five times. Beside volume, two other two v’s – velocity and variety – will shape the nature of the datasphere in the near future, changing the nature of products and services exchanged in the digital ecosystem as well as the structure of digital markets, raising new trade-offs and dilemmas for regulators and policymakers. As the digital ecosystem becomes fundamentally driven by datasphere growth, traditional value chains and vertical organisations in the communications industry will be rapidly transformed. Their role will be redesigned in terms of producer and/or recipient of data, while algorithm-driven platforms will take centre stage, with data exchange at the core of economic transactions involving multisided markets.

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Big data, the driving force of platforms, is raising fundamental – and puzzling – issues about our current view of free market capitalism, as ANTONIO NICITA writes.

Intermedia Issue:
Volume 46, Issue 03
Issue Date:
October 2018
Theme:
Governance
Antonio Nicita (Prof) Antonio Nicita (Prof) Commissioner, Autorità per le Garanzie nelle Comunicazioni (AGCOM), Italy

Volume 46, Issue 03 Features

EDITORIAL 13.10.2018 Marc Beishon
SYDNEY SESSIONS 13.10.2018 Cristina Murroni
ROAD TO THE DIGITAL ECONOMY 13.10.2018 Juan Manuel Wilches
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