The 2nd ICT Revolution

“The beauty of innovation is that once the technology and tools are widely available, people with every possible insight and point of view start working on solutions to problems others can’t even see. Ultimately, it’s the way human beings, with our vast stores of ingenuity, deploy the power of the technology and tools that makes the biggest difference.”

   – Bill Gates

New technologies unlock new models for value creation

New technologies provide access to entirely new capabilities, allowing us to reimagine the business models we use to create and capture value. The following are some business model attributes most relevant to the ongoing ICT revolution. 

Agile & Adaptive

An Agile-Adaptive model employs technology to make decisions that better reflect market needs allowing for real-time adaptation to changes in the marketplace.

Asset Sharing

An Asset Sharing model creates more value with existing resources by connecting spare capacity with excess demand enabling costs to be dispersed and assets to be used more effectively.

Closed Loop

Closed loop models reduce overall resource costs for companies by keeping products, components and materials at their highest utility value, reducing costs and risk exposure.

Collaborative Ecosystem

A Collaborative model improves collaboration with supply chain partners to help allocate risks more appropriately and reduce overall costs, creating greater value for the entire ecosystem.

Distribution Disruption

An Agile-Adaptive model employs technology to make decisions that better reflect market needs allowing for real-time adaptation to changes in the marketplace.

Long Tail

An Asset Sharing model creates more value with existing resources by connecting spare capacity with excess demand enabling costs to be dispersed and assets to be used more effectively.

Market Network

Closed loop models reduce overall resource costs for companies by keeping products, components and materials at their highest utility value, reducing costs and risk exposure.

On Demand

The multi-sided model enables two or more homogeneous groups to interact, bringing together supply and demand, while an intermediary operates the platform to facilitate interactions and adds revenue streams later.

Open Platform

An Open model encourages the sharing of knowledge under open licenses, promoting an intimately integrated ecosystem of stakeholders operating under a model of transparency, promoting positive externalities.

Personalization

The Personalization model utilizes technology to produce products and offer services that are better tailored to customer’s individual and immediate needs at a competitive price.

Unbundling

An Unbundled model leverages advances changes the economics of production and distribution, allowing for product offerings to be decomposed into narrower, more specialized component offerings.

Usage Based

The Usage-Based Pricing model allows customers to benefit from being charged only when they use a product or service, rather than having to buy something outright, increasing both access and demand.

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