The economics behind digital business models

Overview

According to Gartner’s predictions, digital business models (such as subscription-based business models) will continue to evolve for competitive advantage. Gartner also proclaims that organizations can turn continuous change into an asset if they sharpen their vision.

Now, what does it mean? To put it plainly, digital business models are here to stay and have tremendous potential to grow in the years to come. These predictions bring us to our next BIG question.

Types of Digital Business Models

Some of the key benefits offered by SAP BRIM are:

Free (adsupported) or Freemium business models

Are business models where users get free access to a basic version of the product for free (ad-supported). If users want to use premium features, then they can upgrade to the premium version by paying service fees. A great example would be Spotify, LinkedIn, etc.

Subscriptionbased business models

Are business models in which a customer pays a recurring fee on a regular interval period for using products and/or services. Examples like Netflix, Office 365, Salesforce, etc. are moving from transacting with customers to building long-term relationships and recurring revenues.

Usage-based business models

Are the new business models in which customers pay according to the usage of resources. In contrast to the subscription-based pricing model, the consumption-based pricing model charges customers based on the per-unit usage of the resources rather than a fixed price. Examples like AWS, Abertis, AXA, Uber, etc.

http://www.acuitilabs.com

How do Acuiti Labs fit in this economy?

Considering the current growth trajectory of the digital transformation market, Acuiti Labs can be hugely benefited from its expertise and experience in providing technical support and digital transformation for B2B and B2C customers.

Currently, the company caters to multiple industries, from shipping to media, from SaaS to postal services, etc., and has also developed different industry-specific accelerators (for example, AcuitiMobi for public transport; AcuitiPay  for connected vehicles;  Acuiti Subscription Manager for subscription management; AcuitiPort for seaports; AcuitiMedia  for media and entertainment; and AcuitiAirport for automating aeronautical and non-aeronautical billing) to meet the industry’s needs.

http://www.acuitilabs.com

Worried about managing customers' experience?

Acuiti Labs SAP BRIM solution can help you in the management of business model design, it performs contract and order management, billing, and invoice processing. It manages receivables and payables and provides support for financial customer care.

SAP Billing by Acuiti Labs provides you with invoicing software to automate your invoicing process.