Outlook for New Business Models and Consumer Driven Strategies in Digital Consumer Lifestyle

Striving for New Business Models Built on Trust

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Frost & Sullivan defines a digital consumer lifestyle as one that includes the traditional services consumed at home, at work, within a city, and mobility. A set of connected lifestyle services, such as banking and financial payments, retail, social networking, and education occur across these 4 domains. The emergence of a digital lifestyle means there are new business models for companies chasing the consumer revenue. Current business models, such as data monetisation, revenue share, and subscription methods already leverage individual consumer’s data. A more sustainable model will require consumer-enabled privacy levers.

Table of Contents

Outlook for New Business Models and Consumer Driven Strategies in Digital Consumer LifestyleExecutive SummaryKey FindingsRecommendationsResearch ObjectiveResearch ObjectivesOverview of Digital Consumer LifestyleOverview of the Digital Consumer EcosystemConnected Home Devices Generate Data & Create RevenueConnected Home Services Around Energy ManagementConnected Home Services Enriched by ICT TechnologiesConnected Health at Home—Convergence of CompetitionUniverse of Connected Health ServicesConnected Work—Technology Influences Evolution of Connected WorkEmerging Technologies and Applications within Connected Work Connected Cities Creating Smart WorldConnected Cities Require Smart Infrastructure Connected City—Urban Operating SystemsConnected Car and Transportation—Integrated MobilityConnected Car—Impact on Customer LifestyleConnected Retail—Mobile Payment MethodsConnected Retail—New Customer JourneyConnected Retail—The Competition MatrixConnected Retail—Location-based MarketingBusiness Models for Consumer-driven StrategiesBusiness Models in a Digital SocietyDigitalisation Converts Tangibles to ServicesDigital Lifestyle—Aggregators Business ModelCurrent Business Models—Data MonetisationThe Holy Grail of Business Models—A Customer Segment of OneDiscrete Marketplaces for Personal Data ExchangeCompanies that Trade on Reputation and Trust—SafaricomCompanies that Trade on Reputation and Trust—CoinbaseCompanies Using Data as Value-added Services to Consumers—PredilyticsCompanies Completely Re-invented—AmazonCompanies Completely Re-invented—Philips HueConclusions and RecommendationsStrategy Options in a Digital Lifestyle EraOpportunities and Lessons—Monetising DataOpportunities and Lessons—Marketplace StrategyOpportunities and Lessons—Trust-as-a-ServiceRecommendationsLegal DisclaimerThe Frost & Sullivan StoryThe Frost & Sullivan StoryValue Proposition: Future of Your Company & CareerGlobal PerspectiveIndustry Convergence360º Research PerspectiveImplementation ExcellenceOur Blue Ocean Strategy

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