The new rubric in business is delivery to you online, by courier, via credit, on time, and at a reasonable cost. This demands a new set of revenue models. This signals the end of many open-architecture systems. It signals a new demand for exceptional talent. It signals a new business world where AI will become an integral part of the solution to all sticky issues. It signals the importance of speed-to-market to business survival.
The closed-loop business is a fast Merry-Go-Round [see photo] that makes those stuck in old workplace practices go dizzy. Examples of fast closed-loop business is Amazon, Best Buy, Uber Eats, Apple Pay, Tesla robotaxi, Alexa, Deep Mind [Google], etc and these are making their presence felt everywhere. The marketing pitch behind these closed-loop businesses is "speed to customer". But the real business driver is the closed-loop approach [turns `open architecture` on its head] which focuses on reliable delivery to the customer not self-service. The art of doing business this way is to "hire imagination" not skills [these can be trained on-the-job], embed AI in the loop to keep it low cost yet high "use value" [no value adding algorithms here], and become fanatical about the "user interfaces" [be Apple not Microsoft].
To join the post-2020 future all you need do is bring your imagination to your interview.
Richard
Creativity is built-out inside minimal-you. You can discover your unique version of minimal-you in just ten days if you do three things. First, eliminate collective wants. Second, automate individual habits. Third, recreate personal beliefs. You can do it, but, you will need to be dedicated and disciplined to make it happen. For more on moving out of the slow lane in life go to minimal-you.com
Fast closed-looped businesses are a hybrid model. First the closed-loop business is a dedicated system that serves users [clients, customers, suppliers, financiers, etc] with ease-of-use interfaces. Second these businesses are as near to fiction-free as is humanly possible which means they have clear and certain focus on speed. More specifically on speed to market. This model promises to be robust, disciplined, modern, and based on proven digital technologies [including AI]. Cheers, Richard.