Jeff Towson delves into the concept of economies of scale as the predominant strategy in the digital realm. He provides valuable insights into why it continues to be a vital factor shaping digital business models. Understanding this strategy is key to succeeding in the digital landscape.
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Economies of scale as a phenomenon goes back to Adam Smith, so it is, unsurprisingly, often described in industrial terms. It is the phenomenon where per unit costs decrease with increasing volume or throughput (i.e., output produced per unit of time). This can result from quite a few different factors – such as: The division […]
I’ve been arguing that digital strategy is mostly about developing expertise in 4 areas. Digital economics Platform business models AI and machine learning Blockchain Each area has lots of depth and most of the subjects listed in the Concept Library are about the first two. The last two are still emerging. But I think if […]
This article delves into the rare and quirky competitive advantage of scarce or cornered resources, highlighting its increasing relevance in the digital age. It uses the Star Wars franchise as a case study to illustrate how valuable intellectual property and unique creative teams can be cornered resources, and how their mismanagement can lead to downfall. The discussion also sheds light on other potential forms of scarce resources, including tangible assets, people-based assets, and emerging digital assets.
I’ve written a lot about Ant Financial because I think it is a cool example of a zero-human operation. It’s has been built from as an AI factory where all the core processes are done by AI and software. It is my standard example of the SMILE Marathon for AI/Machine Learning. But Ant also has […]
Explore the fascinating world of digital operating basics with Jeff Towson on the Tech Strategy Podcast, featuring lessons from Majid Al Futtaim. Delve into the dynamics of strategic digital operations and understand how they shape today’s businesses. Tune in for an informative and engaging discussion that offers a unique perspective on mastering digital strategies.
In Part 1, I went through two strategy concepts for web3. Protocol Networks (i.e., Blockchains) with Property Rights Composability (i.e., Building Blocks) at Global Scale And I teed up two main questions for emerging web3 business models: The Value Creation Question: What is the most important use case and what value does this create for […]
Everyone describes their initial look at blockchain and web3 as “going down the rabbit hole”. It starts simply with Bitcoin and cryptocurrency. Then they go to Ethereum. But then it quickly becomes a sea of confusing, contradictory, and usually half-baked topics. Such as: Decentralized vs. centralized platforms and systems. DAOs (decentralized autonomous organizations) and other […]
Web3 is the next generation of the internet, built on blockchain technology. It has the potential to revolutionize many industries, including finance, healthcare, and education. In this article, Jeff Towson discusses five important concepts that businesses need to understand in order to succeed in Web3.