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Digital Economy, Business Models, and Cloud Computing

Digital Economy, Business Models, and Cloud Computing

Abbas Strømmen-Bakhtiar
Copyright: © 2019 |Pages: 26
ISBN13: 9781522531821|ISBN10: 1522531823|ISBN13 Softcover: 9781522586500|EISBN13: 9781522531838
DOI: 10.4018/978-1-5225-3182-1.ch002
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MLA

Strømmen-Bakhtiar, Abbas. "Digital Economy, Business Models, and Cloud Computing." Global Virtual Enterprises in Cloud Computing Environments, edited by N. Raghavendra Rao, IGI Global, 2019, pp. 19-44. https://doi.org/10.4018/978-1-5225-3182-1.ch002

APA

Strømmen-Bakhtiar, A. (2019). Digital Economy, Business Models, and Cloud Computing. In N. Rao (Ed.), Global Virtual Enterprises in Cloud Computing Environments (pp. 19-44). IGI Global. https://doi.org/10.4018/978-1-5225-3182-1.ch002

Chicago

Strømmen-Bakhtiar, Abbas. "Digital Economy, Business Models, and Cloud Computing." In Global Virtual Enterprises in Cloud Computing Environments, edited by N. Raghavendra Rao, 19-44. Hershey, PA: IGI Global, 2019. https://doi.org/10.4018/978-1-5225-3182-1.ch002

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Abstract

From the invention of writing to the steam engine and to computers, human history has been one of technological inventions and change. In our relatively recent past we have witnessed several technological revolutions which rapidly replaced one set of technologies by another, and in the process created what Schumpeter called the creative destruction. Today, we are witnessing a technological revolution that is changing the way we live, work, and communicate. We call this the digital revolution which brings with it new technologies, methods, and business models. This chapter discusses the digital revolution and the platform business model. This business model is used by many “sharing economy” businesses such as Airbnb and Uber. The success of this business model is dependent on the rapid expansion of its user-base. This business model requires infrastructure and applications that can cope with this rapid expansion. Cloud computing has been providing these services.

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