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Being able to do any academic task or assignment demands a fine grip over the related concepts. So, what do we mean by Platform technologies? A platform basically can be anything that can be built upon, and a technology or a structure from which multiple products can emerge, without expensing the introduction of a fresh process, is referred to as platform technology.
To achieve this, a system requires to be architected in such a way that it has two fundamentally varying levels, meaning that it has a platform furnishing basic services that can be further coalesced to diverged configurations on the application layer, delivering numerous technology instances to the end-user.
A platform technology stack consists of different layers in which the end-user lies on the top, at the complete opposite, i.e. at the bottom lies the platform, and in between these two layers, typically lies the rules and analytics engine, which is considered the brain of software, on the top of which is the app, which acts as the interface with the end-user.
With the rise of the internet in the past few decades, Platform Technologies have gained popularity. When a new technology is made at work, we often only consider the amazing capabilities that the technology has and do not consider all the pieces that had gone into its creation, do we? But advanced industrial economies, along with the power of abstraction have enabled many products and services.
These are the remixes developed from the services imparted by the platforms, enabling the uninterrupted bundling and re-bundling of various components, for instance, the difference between two banks at the two ends of the same street. Both the banks are purchasing their technologies from a handful of providers of platform technologies, such as Visa and IBM, and are bundling their components in different modes for appealing different customers.
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