When it comes to business, the Zeitgeist of our epoch has been defined by templates for a postindustrial knowledge economy. The times when money makers were embodied by sophisticated, bureaucratic management and technologically proficient mass production stayed back in the 20th century; these elements are no longer ALL that it takes to create a successful business model there are many more ingredients to the gold-making formula now and many of these new components to that formula are nowadays hardly to be perceived as tangible assets.In less than one generation, new business models have emerged as world-transforming economic institutions and have made their innovating creators billionaires.That is truly outrageous.In the past, capital that big could only be inherited, as it took a couple of generations of relentless and arduous working men with innovative ideas to amass a respectable fortune. In our day, the wealthiest figures of the capitalist market were born poor; now the children of their children won’t be capable of spending all the profit generated even if they recklessly tried. Yes, the formula might still encompass 99% hard work and only 1% genius, but it can be done incredibly faster these days.The Yeast of It All - Technology in Successful Business ModelsThe answer to those questions is to be found in the explosive progress of technology in the last 20 years. Technological revolution has changed the face of human life. Our society has evolved into a fast-paced viral culture that feeds on information and that information is now available to all walks of life more than ever before thanks to the Internet. In a technology industry that changes and renews itself by the second, the only constant is change. In the past 25 years the velocity of that change has accelerated at a seemingly exponential rate. As a result, technology has transformed every human activity from its very core and sports-betting is not the exception.Less than 10 years ago, if you wanted to 'get down' on your favorite college team to beat the spread, you could either take a plane to Vegas for the weekend or you could get on the phone with your local bookie. Today you can sit on your Lazy Boy and sip on some Grey Goose, while you get down on hundreds of different lines on any given sporting event from your laptop. it truly is that simple. Internet has revolutionized the way we watch and enjoy sports.But it doesn't stop there. There are a few distinguished outfits that have revolutionized online sports-betting, as they have introduced a brand new concept when betting on sports: reduced juice. But how does that affect you?
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