This presentation involves the analysis of new patterns of innovation in business models.

1. ANALYSIS OF
THE NEW PATTERN OF
INNOVATION
-by Rashik Parmar, Ian Mackenzie, David Cohn and
David Gann

2. Reasons of failure of new
business models
 Managers who are skilled at
executing clearly defined strategies
are ill equipped for out-of-the-box
thinking.

3. INSIGHTS
Searching for new business ideas....
Follow these 5 patterns

5.  Augmenting Products to Generate Data
With the help of sensors, wireless communication huge
amount of data can be gathered. This data can be used to
improve the design, operation, maintenance of assets. This
becomes the basis of new business models.

7. Digitizing Assets
Digitization is the process of creating electronic resources
from your physical assets. Digitized versions of physicals assets
are transforming way people operate in different industries.

9.  Combining Data Within and Across Industries
The science of big data, along with new IT standards
that allow enhanced data integration, makes it possible to
coordinate information across industries or sectors in new ways.

11.  Trading Data
It involves information sharing between different companies

12.  Codifying a Distinctive Service Capability
It allows a company to take any process in which it is best-in-
class—managing travel expenses, for instance—and sell it to other
companies, using cloud computing.

13. MANAGERIAL RELEVANCE

14. A manager should
 Encourage innovations as well as change.

15.  By methodically examining
the discussed five patterns,
managers can conceive solid
ideas for new businesses and
work to take his/ her
organisation to the peak of
success.