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#News(General) [ via IoTGroup ]
Headings…
Platform Business Models
A VAST, UNIFIED INDUSTRIAL-TECHNOLOGY SECTOR
THE RAPID RISE OF PLATFORM COMPANIES
EMERGING B2B PLATFORM MODELS
RIPE FOR A DECENTRALIZED REVOLUTION
TECHNOLOGY AND BUSINESS ARCHITECTURES BECOME ONE
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Auto extracted Text……If we reanimated a cryogenically frozen person from 1999, the most surprising thing about the world of 2019 might be what has happened to manufactured things.
A realm of tiny, low-cost digital components and communications interfaces has made virtually every physical product part of a vast, unified industrial-technology sector.
Competitive advantages resulting from previous generations of technology dominance—such as chemical-based imaging/film or electro-mechanical systems for control—have, in a mere twenty years, completely disappeared.
The strategic implications of this trend go far beyond the replacement of one set of components or suppliers by another.
All industries are now subject to the cost structures and technology directions common to digital components and products.
In fact, all the rules of the strategy and business-model game have radically changed in a time-frame so brief that corporate leadership often can’t keep up.
The technical innovation driven by digital and IoT technologies, coupled with diverse and changing relationships between and among complementary players, will likely lead to changes in market structure, shifts in the sources of profit and value creation, and thus new business and operating models.
Identifying and designing new business models along with developing the new skills, capabilities, systems and organizational relationships they require will be critical to success
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AutoTextExtraction by Working BoT using SmartNews 1.0299999999 Build 26 Aug 2019
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