Overheard: Word of the Day

Oct 28 2013   2:32PM GMT

Word of the Day: sharing economy

Margaret Rouse Margaret Rouse Profile: Margaret Rouse

Overheard


“There’s this sea change and mind shift happening around the American dream. It used to be about ownership, but now it’s about access and convenience.” — Brian Harrington

 

Today’s WhatIs.com Word of the Day is sharing economy, a trending business concept that highlights the ability (and perhaps the preference) for individuals to rent or borrow goods rather than buy and own them. The most important criteria for a sharing economy is that it allows individuals to monetize assets that are not being fully utilized.
Continued…

Related terms:

m-payment
mobile point of sale (mobile PoS)
Square
peer-to-peer (P2P)
sea change

Quiz Yourself

What does direct mobile billing allow you to do?
a. charge merchandise to your mobile phone account
b. share your data plan with family members
Answer

Related Reading

CEO mindset: To grow where no one has grown before
Gartner probes the CEO mindset and sees ‘economic defiance,’ an appetite for digital growth and lots of work for the ambitious CIO.

Why companies must rethink data sharing
GE CEO Jeff Immelt explains to customers the benefits of sharing machine data in an industrial Internet.

Understanding PCI mobile payment processing security guidelines
Mike Chapple discusses the new PCI Mobile Payment Acceptance Security Guidelines and explains what merchants must do to comply with these standards.

 Comment on this Post

 
There was an error processing your information. Please try again later.
Thanks. We'll let you know when a new response is added.
Send me notifications when other members comment.

REGISTER or login:

Forgot Password?
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Forgot Password

No problem! Submit your e-mail address below. We'll send you an e-mail containing your password.

Your password has been sent to: