Digital Transformation Of Business Models Using...

Digital Transformation of Business Models Using Exponential Technologies EXECUTIVE SUMMARY Today, businesses are undertaking digital transformation to know what customers value most and creating new business models depending upon the needs of people. A business model is the way in which how a company generates revenue and how a company can make profit. An efficient business model helps to improve the performance and efficiency of the organisation. To develop a good business model first we have to identify the company’s unique value propositions that company offers to their customers. Customer’s expectations and technology are changing day by day. The people are all addicted to internet and they are using the Internet for each and every purpose in their life. Due to this change, the organisations have to implement new business models and values according to the changing needs and expectation of the customers. This paper discusses about the ‘Digital Transformation of Business Models Using Exponential Technologies’. The business m odels can be reshaped by giving high priority to the customer needs and transforming the customer value proposition and organizing operations for delivering that value. Successful digital transformation comes not from implementing new technologies but from transforming your organization to take advantage of the possibilities that new technologies provide. Major digitalShow MoreRelatedPredictive Analysis Model1387 Words   |  6 PagesAbstract. The development of Internet of things and exponential growth rate of data are rapidly accelerating and affecting all areas of technologies by increasing the benefits to the society. The data collected from different wireless sensor network can be modeled using different predictive modeling techniques. 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