The Rising Era of Digital Finance Organizations
The ‘3rd Platform’ has emerged as strong bait for businesses to expand, innovate and endow significant opportunities. Eventually, the C-suite of the companies endeavors to transform the working style. How digitization of business models can leverage these
Gartner calls them the “Nexus of Forces.” IDC says they constitute the ‘3rd Platform’ for innovation and growth. No matter how you define it, cloud, social, mobile and big data are changing the competitive dynamics of the global economy and creating significant value for companies that know how to create business models leveraging these technologies.
According to new research by Deloitte and OpenMatters, the shift to digitally enabled business models is also 44 www.dqindia.com influencing shareholder valuation strategies. Investors are paying more for companies with business models that embrace and emphasize “intangible assets” such as customer, human and intellectual property as well as leverage the wisdom of crowds to co-create products and services.
CFOs who continue to allocate their company’s capital to tangible assets while utilizing previous generations of technology in a supporting capacity are putting their company’s management and shareholders at serious risk. The