Data Centric Business Model

The defintion of small/local business will be changed due to the digital technology evolvment. a business idea has the potential to utilize the existing digital platform and its accociated ecosystem to reach a global scale. 

However, underlying this digitial phenomenon is the cloud data infrustructure currently in place, such as AWS, Google, Microsoft etc. 

To digitize a potential global impact business ideas, the Business needs to invest and start the underlying data centric business model at the very beginning.

Without a data centric approach and the practical digitial solutions to support this. Good business ideas might not survive beyond a simple conversation.

Why the contribution is important

Data and how to utlize and support the data process will be the blood and soul of any future digital business, big and small.

It will be like Accounting in today's traditional business operation.

by victorlew on November 22, 2017 at 02:36PM

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Comments

  • Posted by DigitalEconomyTeam November 23, 2017 at 09:42

    Hi victorlew - thanks for your comment, this is a great post and you articulate the ideas really well. Are there any examples of small business that you've seen using a data centric business model with positive results?
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