Platform business models are disrupting traditional industries by leveraging technology to create value through user interactions and network effects. These models facilitate connections between providers and consumers, often reducing transaction costs and increasing efficiency. Examples include ride-sharing and e-commerce platforms, which transform conventional business practices. Unlike traditional models that rely on direct transactions, platform businesses depend on ecosystems that enhance user engagement and foster loyalty. They often harness data analytics to understand consumer behavior and improve service offerings. The result is a shift in competition, forcing traditional businesses to innovate to keep pace.