TECH BUYER Jul 2019 - IDC Perspective - Doc # AP43910319
IDC Perspective: Business Models for the Future Enterprise
By: Lawrence CheokSenior Research Manager, Sandra NgGroup Vice President, Practice Group, IDC Asia/Pacific, Robert ParkerSenior Vice President, Enterprise Applications, Data Intelligence, Services, and Industry Research, Daniel-Zoe JimenezAssociate Vice President, Digital Transformation (DX), Future Enterprise, and SMB, Gard LittleVice President, Global Services Markets and Trends
Digitally determined organizations are racing to achieve DX at scale. These organizations are becoming what IDC terms as the Future Enterprise. However, to become one, organizations must use DX to transform markets and customers by creating new business models, products, and services. As part of becoming the Future Enterprise, organizations must evolve its business models to effectively compete in digitally centric markets. This report is about formulating future business models to realize DX at scale. It examines the following questions:
- How digital platforms have enabled new forms of competitive advantages?
- What are the emerging business models with compelling advantages in the DX economy?
- What are the features of these new business models, and how do they differ from traditional models?
"In the DX economy, a fundamental change in how businesses operate is required. Traditional business economics with supply-side economies of scale is challenged by business models with demand-side economies of scale. The Future Enterprise, organizations with sustained competitiveness in digitally centric markets, must master both; and digital platforms are the enablers to get there," says Lawrence Cheok, senior research manager, IDC Asia/Pacific excluding Japan.
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