platformization
PLAT-form-ih-ZAY-shun
Definition
The business strategy of transitioning a collection of individual products or services into a unified, integrated platform that enables third-party developers or partners to build and deliver value on top of it.
Etymology
Formed by adding the suffix '-ization' to the word 'platform,' which itself derives from the Middle French 'plate forme,' meaning a flat shape or leveled ground. It reflects the modern shift of software companies moving toward centralized, foundational architectures.
In the news
The article uses the term to describe Palo Alto Networks' strategy of consolidating their various security offerings into a single, cohesive ecosystem to eliminate complexity for enterprise clients.
Palo Alto Networks and NTT DATA target $1B in AI security sales by 2029
Read the full article ↗SiliconANGLE