Hyper Product Personalization in the Outcome Based Ecomony

An outcome-based business model focuses on the outcome for the customer rather than a specific product that is utilized or consumed by the customer. The consumer exchanges value for the agreed to outcome in this business model, the consumer is always left with the right outcome. The extrapolation of this concept to the goods producers and services suppliers within an ecosystem facilitates the need for a reformation of the collaborative relationship within the ecosystem. Connected products and monitored services provide the data utilized to facilitate the creation of outcome-based product services. These products and services are customized to the expectation of the consumer. This customization requires greater flexibility in how products are designed, manufactured and maintained. The outcome based economy will facilitate an expanded use and requirement for a customized product digital representation to enable awareness of value contribution and achieving the intended outcome.

(ET) Emergent Technologies