The concept of the platform economy reshapes traditional businesses by enabling new models of value creation and exchange. Platforms facilitate connections between suppliers and consumers, often disintermediating traditional business structures. This shift allows for increased scalability and accessibility of services, as seen in the rise of gig economy platforms like Uber and Airbnb. Additionally, the platform economy stimulates innovation by encouraging competition and collaboration among various stakeholders. However, it also raises challenges related to regulatory compliance, worker rights, and data privacy, demanding a reassessment of how traditional businesses operate in this new landscape.