What do businesses of the future look like?
People like to talk Moore’s Law but what does it really mean?
Well, if you took a one metre step today, and doubled it every day for thirty days, you’d be walking around the world 26 times!
It’s also changing the way businesses operate and make money.
Tim O’Reilly is a famous technologist and futurist who designed the business model map for the future. To be successful today, businesses are becoming more open and connected.Look at UBER, they don’t have their own cars. They use a network of drivers and the driver’s private cars to service millions of people around the world. This is a great example of being open instead of closed.
Another element of the future business model is On Demand - today’s businesses leverage on demand talent to service on demand requests - just like Deliveroo delivering food to your door. Companies that can leverage the crowd, stay flexible and open are more likely to succeed.
How might you incorporate elements on the business model map into your idea so that you become a business of the future?