It is now known that new technology does not disrupt any industry but a combination of the tech with innovative business models.
According to the Harvard Business Review (HBR), there are 6 characteristics/features of transformative business models. Blow is the list of the edtech list:
- Personalization of product or service
- A closed loop process - recyclable - results in a reduction of overall costs
- Asset sharing
- Usage-based pricing (changes idea of ownership)
- A more collaborative ecosystem (supply and value chains)
- An agile and adaptive organization