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In recent years, we could observe a fast-paced evolution of technologies (infrastructure, hardware, software) in a ubiquitous manner leading to a change of perception how we build, organize, and run business operations. Enterprises constantly need to reflect on a strategic level how these changing circumstances are influencing their business models, operation, and regulatory/organisational framework they operate within to stay competitive and transparently develop and adapt their roadmap for digital transformation. Consequently, innovation process are required to continuous evaluate, trigger changes and adapt to specific needs on a societal and business level.
The above observation motivates this talk, introducing the Open Models Laboratory (OMiLAB – www.omilab.org) as an open digital ecosystem designed to support the design of novel business ideas, the decomposition into conceptual models enabling model-value functionality and feasibility assessments as experiments for assessment.