Advanced Business Model Innovation

The development and innovation of Business models to a Future teleinfrastructure for multi-sensory devices—is a complex venture related to adaptability in especially for the business research and praxis community. As numerous types of sensor and wireless technologies are these days being embedded both external and internal human beings, things and business models the business community are still lacking behind and challenge because they still not have agree to standards of Business Model language and are dealing with Business Model Innovation as if it was simple product- or service innovation. Research shows that Business Model Innovation are different and when it becomes embedded with persuasive technologies it requires advanced business model innovation approach and mindset. A conceptual outlook to advanced Business model innovation embedded with persuasive technologies is the aim of this paper. The paper discuss on behalf of inputs from Strategic Workshop 2016, IEE workshop at NJIT 2016, lab experiments in the MBIT Lab–our findings and understanding of advanced business model innovation of tomorrow.