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Data-Driven Business Models for the Digital Economy

person icon Business Expert Press

Data-Driven Business Models for the Digital Economy

New data-driven business models.

person icon RADO KOTOROV

ebook icon Business Expert Press

language icon Language - English

updated on icon Updated on Oct, 2022

architecture icon Business,Macroeconomy,Digital

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This eBook includes

Formats : PDF (Read Only)

Pages : 152

ISBN : 9781951527808

Language : English

About the Book

Book description

Today the fastest growing companies have no physical assets. Instead, they create innovative digital products and new data-driven business models. They capture huge market share fast and their capitalizations skyrocket. The success of these digital giants is pushing all companies to rethink their business models and start digitizing their products and services.

Whether you are a new start-up building a digital product or service, or an employee of an established company that is transitioning to digital, you need to consider how digitization has transformed every aspect of management. Data-driven business models scale not through asset accumulation and product standardization, but through disaggregation of supply and demand. The winners in the new economy master the demand for one and the supply for millions.

Throughout the book, the author illustrates with examples and use cases how the market competition has changed and how companies adapt to the new rules of the game. The economic levers of scale and scope are also different in the digital economy and companies have to learn new tactics how to achieve and sustain their competitive advantage.

While data is at the core of all digital business models, monetization strategies vary across products, services, and business models. Our Monetization Matrix is a model that helps managers, marketers, sales professionals, and technical product designers to align the digital product design with the data-driven business model.

Data-Driven Business Models for the Digital Economy

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Author Details

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Business Expert Press

Since 2008, Business Expert Press has been providing business students and professionals with precise, business information written by experts in their fields. Available in both print and eBook formats, our books can be obtained by consumers through a variety of sources including direct purchase on our website and major online bookstores. Business librarians can purchase our entire Digital Library, published and updated annually, in total, or in various configurations such as topical e-collections or custom bundles, through perpetual access or subscription.

 




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