The Power of the Network Effect
A good part of the most successful companies leverage the power of the network effect as their competitive advantage.
Network effects occur when the value of a product or service is subject to the number of users. A positive network effect means that a product or service becomes more valuable to its users as more people use it.
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Software engineer by 🌞 and sleepyhead by 🌑. Software architecture. Distributed systems. Personal productivity. Cats.
We all know that, the more a product is used, the more it will be used. The problem is that, our understanding of this phenomenon is quite limited. What if we tried to better understand the dynamics behind it? This article is a great read for anyone that would like more insights on this interesting topic.
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