This book is a practical guide to two of the most important emerging technologies: data science/AI and blockchain. The world of technology progresses so quickly that we often don’t realize how far we’ve come. Over the last 20 years, technologies like data science, artificial intelligence, the Internet of Things, and blockchain have transformed the world of business, industry, and society. These emerging technologies offer a wide range of opportunities. However, they also create new challenges businesses must face, such as developing new business models, and discovering the best adoption strategies. This book is a practical guide to two of the most important emerging technologies: data science/AI and blockchain. With broad applicability across all sectors, decision-makers would greatly benefit from understanding these fields.

The Emerging Business Models describes current issues that the business leaders and professionals are facing, as well as developments in digitalization. This book consisting of 10 chapters introduces the new technology trends and challenges that businesses today face. The authors cover several increasingly important new areas such as the Fourth Industrial Revolution, Internet of Things (IoT), financial technology (FinTech), social media, platform strategy, analytics, artificial intelligence (AI) and many other forces of disruption and innovation that shape today's realities of the world.These digital transformations are taking place at an exponential rate. The speed of innovations and breakthroughs is disrupting the traditional businesses. A better understanding of the changing environment in the new economy can enable business professionals and leaders to recognize realities, embrace changes, and create new opportunities — locally and globally — in this inevitable digital age.

"This book explores emerging technology-enabled ecosystems and ecosystem-centric business models in theory and practice from a business and technological perspective"--

A look at business model innovation's crucial role in today's global business environment. Showing organizations how business model innovation should be a key focus area in today's global economy, this book features cases from businesses around the globe that have developed customized business models and achieved spectacular levels of performance. Case examples from well-known innovation leaders IKEA, Apple, Tata, SHARP, Saudi Aramco, De Beers, Telefonica, Valero Energy, LEGO, and Proctor & Gamble Shows businesses how to get beyond traditional business models to take better advantage of emerging opportunities Coauthored by former CEO of SAP AG, the world's largest provider of enterprise software Filled with interviews with key executives, this book reveals the role of technology in driving and enabling changes to fundamental facets of a business. Companies around the world are innovating their business models with tremendous results. IT-Driven Business Models shows interested organizations how they can start the process.

Seminar paper from the year 2021 in the subject Business economics - Information Management, grade: 2.7, Lund University (School of Economics and Management), language: English, abstract: Disruptive technologies have fundamentally changed the way profits are created and therefore the business models of both startups and legacy companies. The transformation of information systems, as a research discipline dedicated to this topic, will be discussed, to then address current research on digital business models. Based on the most promising technologies of the next years, emerging business models will be presented. It's nothing new that business models are changing due to new technologies, but nowadays it's not just about selling your goods online, but about completely new business models. How is it that some companies become successful with their digital business models and others fail, and what factors can or must be considered. This is one of the tasks of the information systems discipline. However, since the researcher have different points of view that evolve over time, and since information systems must repeatedly justify itself as a discipline, first an overview of its development will be provided. Then the technologies from the Gartner Hype Cycle with the highest expectations will be presented, such as artificial intelligence, which can itself create artifacts such as source code or design. To better analyze the potential value creation opportunities that can arise from these technologies, the basics of business models will first be presented and in particular how business models must be adapted to the new digital possibilities.

This text draws on research to develop and integrate a framework to help students understand factors that surround a firm's performance and the central role that business models play in the face of the Internet.

This open access book explores the global challenges and experiences related to digital entrepreneurial activities, using carefully selected examples from leading companies and economies that shape world business today and tomorrow. Digital entrepreneurship and the companies steering it have an enormous global impact; they promise to transform the business world and change the way we communicate with each other. These companies use digitalization and artificial intelligence to enhance the quality of decisions and augment their business and customer operations. This book demonstrates how cloud services are continuing to evolve; how cryptocurrencies are traded in the banking industry; how platforms are created to commercialize business, and how, taken together, these developments provide new opportunities in the digitalized era. Further, it discusses a wide range of digital factors changing the way businesses operate, including artificial intelligence, chatbots, voice search, augmented and virtual reality, as well as cyber threats and data privacy management. “Digitalization mirrors the Industrial Revolution’s impact. This book provides a complement of perspectives on the opportunities emanating from such a deep seated change in our economy. It is a comprehensive collection of thought leadership mapped into a very useful framework. Scholars, digital entrepreneurs and practitioners will benefit from this timely work.” Gina O’Connor, Professor of Innovation Management at Babson College, USA “This book defines and delineates the requirements for companies to enable their businesses to succeed in a post-COVID19 world. This book deftly examines how to accomplish and achieve digital entrepreneurship by leveraging cloud computing, AI, IoT and other critical technologies. This is truly a unique “must-read” book because it goes beyond theory and provides practical examples.” Charlie Isaacs, CTO of Customer Connection at Salesforce.com, USA "This book provides digital entrepreneurs useful guidance identifying, validating and building their venture. The international authors developed new perspectives on digital entrepreneurship that can support to create impact ventures.” Felix Staeritz, CEO FoundersLane, Member of the World Economic Forum Digital Leaders Board and bestselling author of FightBack, Germany