Chapter 4 IoT New Business Models and the Digital Transformation of the Telecom Industry
4.1 Definition
From the quote above, it is clear that designing a good business model (BM) is essential to its strategy. Companies rely on their BMs to deliver and achieve their bottom line. Today, the business world is highly driven by the development and high utilization of information and communication technologies that make them do business or make decisions in real time. These technologies significantly influence how products are ...
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