E-commerce, ride hailing and food services companies are a few examples of these platforms. On one hand these platforms enable businesses to quickly onboard using application programing interfaces commonly known as APIs and on the other, they enable customers to quickly search and avail their desired services. ii.
Second, cloud based hosting services are enabling quick and low cost deployment of complex systems using tools that are open source and Page 5 of 10  easily available to anyone. These cloud-based arrangements can offer extremely cost effective fully managed solutions including hardware and software as a service.