32 ways to innovate business models through data: Emerging data-driven solution business model patterns from a study of 471 late stage data-driven startups
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2021-01-05
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4996
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Solution business model patterns, which describe solutions to recurring business problems, play a central role in business innovation as 90% of business model innovations are recombinations of solution business model patterns. Research so far has only identified seven data-driven solution business model patterns limited to revenue models in data-driven services. We have systematically analyzed 471 late stage, data-driven startups, identifying 32 data-driven solution business model patterns. We categorized them along the nine business model building blocks from the business model canvas of Osterwalder and Pigneur. A framework that is often used by practitioners in business model innovation projects. This paper significantly expands the research conducted on data-driven solution business model patterns. Furthermore, the identified data-driven solution business model patterns will support practitioners in data-driven business model innovation.
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Innovation and Entrepreneurship: Theory and Practice, business model innovation, business model patterns, data-driven business models, startups.
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10 pages
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Proceedings of the 54th Hawaii International Conference on System Sciences
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Attribution-NonCommercial-NoDerivatives 4.0 International
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