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9 preconceived business notions about the usage economy

Being able to use an asset at any time without owning it? The concept is attractive. It is at the very heart of the usage economy, which is now everywhere in our daily lives: IT-as-a-service, mobile-as-a-service, furniture-as-a-service… Switching to the usage economy allows us to benefit from its many societal, environmental and financial advantages. It also contributes to the development of a whole new economic logic. However, even if the idea is gaining ground, mentalities are slowly changing. Many companies are still hesitant and cautious when it comes to giving up ownership of their assets. They consider the subscription...

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Usage economy: definition

Usage economy is a term we are hearing more and more often. Some call it "economy of functionality", while others call it "service economy" or "circular economy" but all refer to a change in consumer behaviour that affects and disrupts the economy as a whole. The use of a good has become the priority, even more so than its purchase. What does this imply? From its history to its concrete definition, this article will allow you to know everything about the economy of use. We will also look at the opportunities it currently generates. Usage economy: a bit of...

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How the circular economy can help businesses become sustainable

As society becomes more mindful of the effect it has on the environment and takes steps to lessen this impact, we are beginning to see the business world follow suit. While the majority of organisations have traditionally relied on a linear business model, it has become clear that this way of operating follows a pattern of ‘take-make-waste’. Consequently, an increasing number of enterprises are beginning to explore the circular economy in order to become more sustainable. Underpinned by a transition to renewable energy sources, the circular economy seeks to redefine growth and focus on positive society-wide benefits. Through a...

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How to manage the risk of obsolescence

IT, stocks, infrastructure, security... nothing really escapes the risk of obsolescence. For a company, the product lifecycle is well known: Market introduction, Growth, Maturity, Decline and, inevitably, Obsolescence. What is now changing is that cycles are getting shorter and shorter, as manufacturers launch new ranges earlier to show innovation and maintain a competitive edge, thus ceasing to support older models. For a company, integrating obsolescence risks into their strategy is crucial. The transition to a new generation of products or systems is accompanied by increased productivity and/or safety. On the other hand, if badly anticipated, obsolescence can have a...

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10 benefits of as-a-service for companies

As-a-service or subscription model is the ideal solution for any company wishing to rent its goods to customers or to use an asset immediately with no upfront costs. Secure payment, simplified options, replacement of goods with high obsolescence... There are numerous benefits. What is a subscription? A subscription is a contract that gives a company the ‘right to use’ assets from a dedicated supplier. The contract is for a set period of time, determined in advance. At the end of the contractual period, the customer can choose to continue paying for and using the assets or simply return them....

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Econocom designs, finances and facilitates digital transformation for large companies and public organizations.
With 45 years of experience, the Group is the only market player to combine 360° expertise through project financing, equipment distribution and digital services, with a presence in 18 countries, more than 10,300 employees and sales revenue of 3 billions euros. Econocom is listed on Euronext in Brussels, Bel Mid and Family Business indices.

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