The document discusses business model innovation through recognizing patterns in product, customer, and revenue innovation. It provides examples of companies that innovated their business models by changing their products, finding new customer segments, or altering their revenue streams. Some of the revenue model patterns discussed include freemium, subscriptions, pay per use, and multi-sided platforms. The document advocates that the best innovators are good at pattern recognition and encourages recognizing patterns to enable quickly pivoting business models through experimentation.