What Are the Risks Associated with Platform Providers?
While platform providers offer numerous benefits, there are also risks involved:
Dependency: Relying heavily on a single platform can create dependency, which can be risky if the platform changes its terms or experiences downtime. Data Privacy: Storing sensitive data on third-party platforms can pose security risks. Cost Overruns: While initially cost-effective, costs can escalate as the business scales. Limited Customization: Platforms may offer limited customization options, which can be a constraint for some businesses.