Pretty good little essay on how we are seeing Open Services Platforms emerging in the web and how at some point we should see these
appearing in the financial industry as well.
Organizations shifting to a open service platform model have clear goals. First, they hope to encourage incremental innovation that adds value to their core offering or core service using the resources of others. It’s also a realization that most of the good ideas in the world don’t come from your own staff. While you might very well have lots of smart people in your organization, they are also aware of and sensitive to the inevitable organizational constraints that tend to restrain innovation.“
I wonder how many of these service platforms we are going to see. Dozens? Thousands?