The defining characteristic of a services-as-software business model
The defining characteristic of a services-as-software business model is that you take a task previously done by humans and keep the interface the same, but strip out everything behind it and make it an algorithm.
When people first hear about the services-as-software business model, they miss a lot of nuance. They typically say “oh so it’s about cost savings via automation.” No.
Services-as-software business models have the rare ability to improve quality while lowering costs.
Properties of the services-as-software business model:
· Expansion and Abundance
These characteristics imply that services-as-software businesses drive both cost savings and performance improvements simultaneously, which is unusual.
For detailed read and non-obvious points about services-as-software have a look at the full article here: http://coconutheadsets.com/2020/01/defining-the-services-as-software-business-model-for-ai/
If you are as excited as we are about to disrupt the M&A insurances market follow our story!
The Team of Seal Deal