Move Over Silicon Valley: Government in The Platform Economy


Platforms are not just a private sector phenomenon.

Government could soon be the most transformational player yet.

GOVERNMENT MEETSDIGITAL PLATFORM

Government as a platform models are now emerging, and they are different from industry-specific business platforms that enable fairly straightforward supply and demand connections.


EVERYONETOGETHERGovernment is positioned to orchestrate much broader, multi-sided platforms that connect government, businesses, citizens and civil society to improve economic and social outcomes.


NEWTECHNOLOGY FOUNDATIONBy investing in core infrastructure, providing data and analytics, and managing incentives, governments can anchor self-sustaining platforms to drive productivity and efficiency – accelerating innovation and economic growth for nations. The implications for the future of public value creation are far reaching.


NEWNATIONAL INFRASTRUCTURE Digital investments are today’s economic growth multipliers. To take advantage of government as a platform opportunities, agencies must make changes to policy, practice and partnerships – and even to the role of government in a market economy.

• Platforms are the new national infrastructure in the digital world.

• Every agency must evolve from a compliance to an economic development focus.

• While fostering innovation and growth, agencies must also continue to ensure fair competition, safeguard consumer interests and manage externalities in delivering public services.


GOVERNMENT CAN’T The private sector knows how important government as a platform can be.

• 91% of public service leaders think that engaging in digital partner ecosystems is critical

• Smarter investments in digital could generate $2 trillion in additional economic output by 2020

• 80% of large companies say it is important to collaborate with government to drive innovation and growth in the next 3 years


Change starts by applying core digital platform principles internally and then looking outward in several key areas:

TECHNOLOGYAgencies need to open up government systems and create a scalable, cloud-based infrastructure with open APIs so that platform players can plug in.

1.

CHANGING GOVERNMENT



MARKETSGovernment must assess markets like venture capitalists do, understanding where the next big thing is coming from, identifying the sweet spots to disrupt value claims.

2.

CHANGING GOVERNMENT



DIGITAL TRUST Government must strengthen public confidence in cyber security, data privacy and fraud protection.

3.

CHANGING GOVERNMENT



POLICYMAKING Policies must be right and relevant to manage risk and compliance while shepherding growth opportunities.

4.

CHANGING GOVERNMENT

Learn more about government as a platform models and the real and lasting impact they might have with our full report:

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Move over Silicon Valley: Government in the Platform Economy


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Move Over Silicon Valley: Government in The Platform Economy

Technology

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