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Business Models and Ecosystem for Big Data by Edward Curry; Andreas Metzger; Sonja Zillner; Jean-Christophe Pazzaglia; Ana García Robles is a book available to read on EtoBox.

What is Business Models and Ecosystem for Big Data about?

Abstract With the recent technical advances in digitalisation and big data, the real and the virtual worlds are continuously merging, which, again, leads to entire value-added chains being digitalised and integrated. The increase in industrial data combined with big data technologies triggers a wide range of new technical applications with new forms of value propositions that shift the logic of how business is done. To capture these new types of value, data-driven solutions for the industry will require new business models. The design of data-driven AI-based business models needs to incorporate various perspectives ranging from customer and user needs and their willingness to pay for new data-driven solutions to data access and the optimal use of technologies, while taking into account the currently established relationships with customers and partners. Successful data-driven business models are often based on strategic partnerships, with two or more players establishing the basis for sustainable win-win situations through transparent resource-, investment-, risk-, data- and value-sharing. This chapter will explore the different data-driven business approaches and highlight in this

Author

Edward Curry; Andreas Metzger; Sonja Zillner; Jean-Christophe Pazzaglia; Ana García Robles

Publisher

Springer International Publishing : Imprint: Springer

Published

2021

Language

EN

ISBN

9783030681753

Subjects

Computer Science, Mathematics, Management