How business models are set to change

Existing business models will die as the Fourth Industrial Revolution begins to take shape. FILE PHOTO | NMG

Without a doubt, many of the existing business models will die as the Fourth Industrial Revolution begins to take shape.

A World Economic Forum (WEF) report, ‘‘Is your business model fit for the Fourth Industrial Revolution’’, says, that the "most successful business model today – in terms of customer value, revenue growth rates and market valuation – is the digital platform business model."

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