T.V.M – Time, Value, Money
The most important part of being digital is to make the most out of the technology you have. Without proper utilization even the most advanced technologies can become useless. With the right tools you can do everything faster (TIME), get more out of it (VALUE), and boost your profits (MONEY).
Pay The New With The Old
Boosting the value you get out of your existing systems has a massive positive effect on the entire company. Most importantly it generates a great amount of additional revenue and / or cost savings. This makes it possible to accumulate enough additional capital to finance a new cutting-edge system without any extra budget.
Technology and Business Side Combined
In a modern corporate environment the technology and business sides of a company come together. Technology no longer just supports the business but is rather an active part of the business model and the way a company operates. Vice versa, the business side now enables technological progress and value extraction.
The New Customer
The upsurge of the Internet, technology, and communication mediums has created a new type of customer – the ultra informed digital one. He expects instant gratification and top quality without a price increase. This presents a new layer of challenges for companies but also offers opportunities for the one that have understood the needs of this new type of customer.
In order to capture the most value out of the platform business an architecture, which includes both the technology and business sides is necessary. This enables companies to reap the benefits of a network effect and achieve expansion, adaptability, and integration with external providers.