Technology-Driven Business Models That Will Drive The Future

Along with the digital disruption, the last decade witnessed business model disruptions of unexpected proportions. Veteran manufacturing and direct service giants witnessed technology-driven business models take over the economy and create value out of thin air. So much so that today we can’t imagine a world without Uber, Netflix, or Airbnb; but just a few years ago these were just nuggets of ideas testing the digital ocean.

So it is crystal clear that Technology-Driven Business Models will be the order of the day. And there are many reasons why Technology-Driven Business Models will acquire more prominence. Let us understand how the New Wave of Business Models would look like?

Personalization will get even more – personal!

With AI and data analytics getting integrated into the digital economy, the trend of mass customization will become even more pronounced. From manufacturing to online services to advertising and last-mile engagement; business models championing customization will be the winners in the coming few years.

Crowdsourced and platform-based Business models

Netflix, Airbnb, and the likes have opened the doors to aggregators and crowdsourcing from billions. The next decade will witness more and more of these technology-driven business models, which will leverage assets and the collective power of billions of connected humans. On-demand services, the gig economy, and crowdsourcing will become business models of the future.

Smart technology-driven business models

Artificial Intelligence, Machine Learning, IoT, Automation, and more are going to add fresh layers to existing business ideas to create entirely new business models for the future. From driverless cabs to drone deliveries and beyond smart technology start-ups are mushrooming across industries, and we are sure to witness some of these evolve into established business models in the coming decade.

Conclusion

The future is not so opaque; the current direction of innovations can give us a sense of what the next-generation business models will look like. We can bank on some concrete foundations to sharpen our predictions:

• These models will be around transformational technologies

• They will emerge as solutions for new-age problems

• They will make the world of business cheaper, faster and better

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