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4 - Digital Technologies and Transformation

Published online by Cambridge University Press:  02 May 2024

Chander Velu
Chander Velu
Affiliation:
University of Cambridge
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Summary

What are the key digital technologies affecting business model innovation? This chapter examines new digital technologies, such as additive manufacturing, blockchains, the Internet of Things (IoT) and artificial intelligence, and their potential to reshape industries. The chapter also highlights an early-stage emerging technology, quantum technology, as it promises major business model innovation opportunities, as well as challenges, to provide benefits to society that would not be possible with existing digital technologies. It examines the conceptual underpinnings to better understand the kinds of new business models that might emerge.

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Business Model Innovation
A Blueprint for Strategic Change
 , pp. 80 - 110
Publisher: Cambridge University Press
Print publication year: 2024

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