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HIT Radar VII - 2020
Without any doubts, 2020 has been so far a very special year. The Coronavirus emergency has led all of us to profoundly revise our lifestyles, to change our work-life balance, and to rethink business models that until now seemed unquestionable. Yet, among the many questions raised by the pandemic, one certainty stands out: that today more than ever digital technologies are destined to play a leading role in the evolution of companies and organizations, both externally towards their customers and internally towards their employees. It is certainly no mystery that, without digital technologies, the impact caused by the lockdown could have been even more severe than it was; and it is equally clear that a better knowledge of the technologies already available today and of the best approaches to implement them could have made things easier
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A Guide To Platform Economy For Incumbents - 2020
The word platform has traditionally been used to refer to a vast number of concepts in many fields, among which business, IT and operations. Depending on who you ask, the simple question “what is a platform?” might return several possible answers. Although the concept of platform is often adopted in a generic way, the business notion currently revolves around the idea of multisided platforms. These businesses are designed to generate value through the facilitation of the interactions between more groups of individuals or companies, mostly through digital tools. Through this role, platforms can start to operate in a sector without directly owning any of the assets traditionally regarded as necessary to succeed in an industry. Although new businesses like eBay, Subito.it or Booking.com are usually pointed at as examples of this scheme, the concept is not new per se. Platforms are essentially “managed marketplaces”, in which the firm controlling the platform governs the market by setting the rules for participation and interactions therein.
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Beyond a Blockchain Paradox: How Intermediaries Can Leverage a Disintermediation Technology - 2020
New digital technologies are changing the way organizations create and capture value. In particular, blockchain is bringing up opportunities for organizations in terms of transparency and security, and at the same time threatening the position of intermediaries such as banks and notaries. Therefore, intermediaries need to design new business models to generate value from blockchain. Little academic research has been conducted to identify the business models that intermediaries could exploit to leverage a disintermediation technology such as blockchain. Employing a qualitative research based on focus group and interviews, this study highlights how a specific intermediary, the Italian notaries, tried to design appropriate business models to derive value from blockchain ecosystems. Specifically, drawing on the key concepts of value configuration, value creation and business model dimensions, this paper identifies three different business models that Italian notaries can implement to create and capture value from permission less blockchain ecosystems.
