Episode 8 – Business Models, Terminology, and Emerging Technology

Ryan sent us a blog post that just didn’t hit home with him. Dave breaks it into three pieces and then shreds it. Wherein we note that The Google can’t lie.

Then we slip into a very serious discussion of business models and business model generation.

Book: Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers by Alexander Osterwalder and Yves Pigneur.

They define the business model based on nine things (all of which contribute to value):
– Customer Segments
– Value Propositions
– Channels
– Customer Relationships
– Revenue Streams
– Key Resources
– Key Activities
– Key Partnerships
– Cost Structure

Taken together, all of these define your value proposition. But, we seem to argue with each other, most of us don’t have a clear focus on the most important elements of a business model when we use the term “business model.”

Question: Do you buy into your own value prop?

Final analysis: Don’t use the term “Business Model” to mean some small subset of what’s important in your business.

. . . Then we segue . . . to who’s who . . .

Is it useful to create a menagerie of the IT industry? Wherein we explore the ways that we all use labels and titles and categories? How do we get a big picture of the universe when we KNOW that most of the universe is invisible to us?

. . . And then, suddenly, we move to a discussion of the Gartner report on what we need to pay attention to.

See https://www.gartner.com/en/newsroom/press-releases/2018-10-15-gartner-identifies-the-top-10-strategic-technology-trends-for-2019

Gartner’s The Top 10 Strategic Technology Trends for 2019:

  • Autonomous Things
  • Augmented Analytics
  • AI-Driven Development
  • Digital Twins
  • Empowered Edge
  • Immersive Experience
  • Blockchain
  • Smart Spaces
  • Digital Ethics and Privacy
  • Quantum Computing

For comparison . . .

Here are Comptia’s Top Ten Emerging Technologies for 2019:

  • Internet of Things
  • Artificial Intelligence
  • 5G
  • Serverless Computing
  • Blockchain
  • Robotics
  • Biometrics
  • 3D Printing
  • AR / VR
  • Drones

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