Outlook for New Business Models and Consumer Driven Strategies in Digital Consumer Lifestyle

Striving for New Business Models Built on Trust
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Published: 7 Nov 2016

Frost & Sullivan defines a digital consumer lifestyle as one that includes the traditional services consumed at home, at work, within a city, and mobility. A set of connected lifestyle services, such as banking and financial payments, retail, social networking, and education occur across these 4 domains. The emergence of a digital lifestyle means there are new business models for companies chasing the consumer revenue. Current business models, such as data monetisation, revenue share, and subscription methods already leverage individual consumer’s data. A more sustainable model will require consumer-enabled privacy levers.

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