Introduction
A new business model is taking over. It’s not about the traditional way of doing business, but it’s also not about something completely new. The world’s most successful companies have always had an eye for what was next, and they’ve built their business models around that vision. Now that artificial intelligence is moving from science fiction to reality, we’re seeing even more change—but these changes are really just an extension of the overall trend toward using technology to make our lives better and more efficient in every possible way.
A new business model is taking over
Cloud computing is an emerging business model that’s taking over the data center. Cloud computing enables you to use software, store data and access it from any device. Cloud computing has many benefits including cost savings, mobility and self-service capabilities.
As a result of cloud computing, businesses look at their IT differently than they have in the past decades. Businesses are able to purchase only what they need for the project or task at hand instead of purchasing an on premise solution which may not be used again for some time or never again because their needs changed after completing a project or task (e.g., buying a new piece of software).
The cost of doing business is changing
The cost of doing business is changing. It’s increasing, it’s staying the same, or it’s decreasing. The line between what you thought was possible and what you know is true is starting to blur. You want more and more people to be able to see this shift happening—to understand that it’s not just a convenient way of making sense of the world but an actual reality that requires us all to change our thinking about everything from politics to social justice.
This vision is where we start: with wanting everyone on board with this new reality so that we can get started re-imagining everything anew based on this new understanding of our place in the universe (or multiverse).
Artificial intelligence is changing everything
It’s not surprising that artificial intelligence is changing everything. After all, it’s a super-intelligent computer program that can learn quickly and make decisions based on huge amounts of data. What’s more, AI is going to change the way we do business, live our lives and work – it will even change how we think!
Who knew?
The nature of work is transforming
The nature of work is transforming. The nature of work is no longer just a job, or even a career. It’s about doing things that matter to you and having an impact on the world around you. To meet this need, Booz Allen Hamilton has evolved our model in response to these changes by creating opportunities for people to do what they love while helping them pursue their passions and realize their full potential—a true win-win situation.
That new business model
What kind of company structure will be required to run this new business model?
- It will be more flexible and agile.
- It will be more distributed.
- It will be more interdisciplinary.
A new way of thinking
The new way of thinking is about collaboration and sharing. It’s working together, in teams and with other people.
It’s a new way of doing business that has emerged from our work with clients that has been very successful in the past few years: it moves away from traditional ways of working (and competing) towards a shared vision for how people can work better together to solve problems, accelerate innovation and drive growth.
New opportunities are emerging
- New opportunities are emerging.
- New opportunities are being created.
- New opportunities are developing.
- New opportunities are becoming available.
- New opportunities are becoming more visible.
- New opportunities are becoming more accessible.
The company structure of the future won’t be like the company structure of the past.
The company structure of the future won’t be like the company structure of the past. The changes that we’re experiencing today are only going to accelerate as we move forward into a new era, and as businesses adapt to these changes, they will need to improve their agility and flexibility in order to succeed.
At Booz Allen Hamilton Holding (BAH), we’re well prepared for this shift—in fact, our entire business model is built around it. Our ability to adjust quickly when faced with new circumstances will allow us to thrive during this period of rapid change on an unprecedented scale.
Conclusion
We’ve seen some of the major shifts that are taking place in business today and how they will affect the way we do things. The good news is that there are many opportunities for those who can adapt to this new world order – but only if you understand what’s happening and have a plan or strategy for moving forward with your company or organization.
