If your business is like most enterprises, it probably only has one or a small number of relatively static business models that are internally created and controlled. With the emergence of new business models that are destroying and re-creating entire industries, however, your business will most likely struggle to maintain market leadership for long if you continue operating this way.
New business models are a foundation of digital business transformation. It’s not digital business without business model innovation. The ability to maximize relationships with things and smart machines will be a foundation for algorithmic business in the future. Algorithmic business will require the widespread creation and availability of goal-seeking and self-optimizing algorithms.
