Technology Doesn’t Make Money, Business Models Do

A discussion on defining and designing a successful business model in a time of fast-changing technology and market disruption.

Disruption of the financial services sector is unlike anything the market has ever seen. This shift in market forces is being spearheaded by the acceleration of new technology in dramatic and unprecedented ways. But the real risk of technology is not its proliferation, nor its complexity, nor its uncertainty, but its distraction. It’s easy to get seduced by new technologies; they are bright and shiny and feel like innovative things. When we are distracted by cool tech and ignore the business model implications, we are using technology as an end instead of the means.It’s important not to lose sight of the fact that technology in and of itself doesn’t make money ­­– business models do.

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