Digital Innovation and Revenue Models

Advances in digital technologies, especially digital communication and internet networking infrastructure, have changed the way many digital products and services are delivered. In the process, they have reshaped how companies charge for these products and services. Newly emerging digital technologies such as blockchain, the metaverse, and web3 are poised to offer new methods for dealing with digital media. Digital products and services pose unique challenges to the businesses offering them. Finding a sustainable revenue model is the key to success for any such company. But revenue models cannot be developed in isolation: product strategy must be well-integrated with a business’s revenue model to ensure success.

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Digital Innovation and Revenue Models