• ISSN: 2010-023X (Print)
    • Abbreviated Title: Int. J. Trade, Economics and Financ.
    • Frequency: Quaterly
    • DOI: 10.18178/IJTEF
    • Editor-in-Chief: Prof.Tung-Zong (Donald) Chang
    • Managing Editor: Ms. Shira. W. Lu
    • Abstracting/ Indexing:  Crossref, Electronic Journals Library , EBSCO
    • E-mail: ijtef.editorial.office@gmail.com
IJTEF 2020 Vol.11(6): 169-176 ISSN: 2010-023X
DOI: 10.18178/ijtef.2020.11.6.684

Research Paper on Data-Driven Business Models: Why the Asia-Pacific Region Serves as an Example for the Western Companies? How Might they Improve Their Business Models in 5 Years?

Tsvetelin Anastasov

Abstract—This article is an expansion of Anastasov, T.’s master’s thesis (2019) and attempts to give a clear definition and taxonomy of the Data-Driven Business Models (DDBMs) as well as illustrate data challenges and opportunities that come along with this. These definitions were cross-analyzed with 3 cases from the Asia-Pacific region to deliver concrete insights and inspiration for Western companies to reinvent their businesses in the next 5 years. A comparison between Data-Driven and Data-Centric models was given as well, not previously analyzed in the thesis, as a view on the current state-of-the-art data business models.

Index Terms—Business models, data-centric, data-driven, data-driven business models, DDBM.

The author is with BNP Paribas Personal Finance, France (e-mail: tsvetelin.anastasov@gmail.com).

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Cite: Tsvetelin Anastasov, "Research Paper on Data-Driven Business Models: Why the Asia-Pacific Region Serves as an Example for the Western Companies? How Might they Improve Their Business Models in 5 Years?," International Journal of Trade, Economics and Finance vol.11, no.6, pp. 169-176, 2020.

Copyright © 2020 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).

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