Business Today

From 'What' To 'How' Of Consumption

"Back end technologies are changing traditional business models. The 'connected consumer' is changing the way purchase decisions are made."

We have indeed come a long way since inserting a floppy disk into our computer. That was then just a simple data storage device. Today's back end technologies like quantum computing, artificial intelligence, advanced machine learning, blockchain, virtual and augmented reality, and robotics are disrupting traditional business models, creating new demand segments, eliminating the profiteering middlemen and changing the very relationship between brands and consumers.

Historically, businesses have always relied on economies of scale as a competitive advantage. In fact, scale and distribution was a key barrier to entry.

You’re reading a preview, subscribe to read more.

More from Business Today

Business Today1 min read
Action And Reaction
1 The gold loans market has witnessed significant growth, with compound annual growth rate of 22.7% in the three years to FY23 2 The gold loans outstanding of banks and NBFCs was ₹6.1 lakh crore as of FY23, per a Nirmal Bang report 3 The average gros
Business Today3 min read
“Core Of Insurance Lies In Long-term Security”
WITH A WEALTH of experience and a visionary approach, Vibha Padalkar, MD & CEO of HDFC Life, has been instrumental in shaping the insurer’s success amid an evolving market landscape. In an interaction with Business Today, she talks about strategic in
Business Today1 min read
All Guns Blazing
INDIA’S DEFENCE EXPORTS HAVE JUMPED ALMOST 31-FOLD TO A RECORD OF ₹21,083 CRORE IN FY24 FROM ₹686 CRORE IN FY14, REFLECTING THE COUNTRY’S GROWING CLOUT IN THE GLOBAL DEFENCE MANUFACTURING MARKET. WITH A ROBUST LOCAL MANUFACTURING ECOSYSTEM AND MORE T

Related Books & Audiobooks