London, May 10, 2016 – BearingPoint, a leading management and technology consultancy, announced today it will share its latest research and analysis on how to build a winning business model for the digital economy and is excited to steer the discussion with other leaders in the field at Executive Summit, hosted by the TM Forum Live!, on Tuesday May 10 in Nice, France.
The Executive Summit, an exclusive invitation-only event, brings together C-level executives to explore challenges of a true digital business transformation and glean insight from brands who are seen as digital innovators.
Simon Torrance, Senior Advisor at BearingPoint, will present “Introduction to Platform Business Models and the 4th Industrial Revolution.” He will help participants to address the following questions:
- Why are platform business models so powerful?
- How can traditional businesses best compete and/or collaborate with digital native businesses?
- How ‘revolutionary’ will the 4th Industrial Revolution be?
- What is the best role for telcos in a continually evolving digital environment?
With no growth for the foreseeable future, the telco industry needs to revitalize its core business model beyond connectivity. As the world moves towards the ‘Fourth Industrial Revolution’, a new trillion dollar addressable market is opening up. To take advantage of this market, telcos must adopt and adapt the successful approaches of the digital masters by creating, managing and monetizing ecosystems of partners via platform-based business models.
Simon Torrance, Senior Advisor at BearingPoint
‘Platform-based’ business models have proved to be very powerful at exploiting the digital economy. 40% of the World’s Top 30 brands are now platform businesses. Companies like Apple, Google, Amazon, Alibaba, Facebook, TenCent have shown that by creating a platform and continuously adding new partners - each with their own customers and services - growth can become self-perpetuating.
As we enter what the World Economic Forum calls the ‘Fourth Industrial Revolution’, where people, things, data and processes are persistently connected in real-time, the need for more secure and trusted platforms that can help manage the complexity of information and money flows between multiple parties will become more and more pressing.
Supporting resources
BearingPoint has recently released a white paper on ‘Boosting IoT revenues by up to 500%. How telcos can benefit from adopting Digital Ecosystem Management (DEM),’ which can be found at http://bit.ly/1TKD7Mh.
Event information
TM Forum Live! 2016 will take place at the Acropolis Convention Center, 1 Esplanade Kennedy, 06300 Nice, France, May 9 – 12, 2016. Simon Torrance will present on Tuesday May 10 at 11:15 – 11:30 CET. The Executive Summit is an exclusive event. To find out if you are eligible to attend, contact adavis@tmforum.org
About BearingPoint
BearingPoint consultants understand that the world of business changes constantly and that the resulting complexities demand intelligent and adaptive solutions. Our clients, whether in commercial or financial industries or in government, experience real results when they work with us. The new way for these organizations to grow is to create digital platforms that manage and monetize vibrant ecosystems of consumers, producers and innovators. We call this Digital Ecosystem Management (DEM). We combine industry, operational and technology skills with relevant proprietary assets, including our award winning Infonova R6 software, to create all-in-one DEM tailored solution and services for each client’s individual challenge. This adaptive approach is at the heart of our culture and has led to long-standing relationships with many of the world’s leading companies and organizations. Our global consulting network of 9,700 people serves clients in more than 70 countries and engages with them for measurable results and long-lasting success.
For more information, please visit: www.bearingpoint.com
About Infonova
Infonova, founded in 1989, specializes in providing technology and business-oriented software, solutions and services to telecommunications, media, utility and convergent industries. Encapsulating decades of knowledge, Infonova’s latest BSS, R6 underpins Digital Ecosystem Management Platforms with multi-tenant Concept-to-Cash BSS capabilities at its core. Its unique business architecture supports multiple tenants enabled on a single platform with individual access to the full range of R6 functionality. R6 supports organizations by providing effective business solutions needed for the creation, delivery and monetization of innovative digital services and multi-party ecosystem management. Infonova´s R6 has been implemented for fixed line incumbents, global tier 1 & tier 2 providers, multi-national ICT providers, cable TV, mobile ‘MVNO’ bureau, utilities and content players supporting both industry-specific and cross-industry digital economy business models. Infonova is a subsidiary of BearingPoint.
For more information, please visit: www.infonova.com
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