These are the applications that are changing established business models

In the 21st century, business models are changing significantly, breaking apart, and some previously common business models are simply disappearing.

– The prices of accommodation or air travel today are 20 percent cheaper than they were when we used travel agencies. Companies like PayPal in larger economies are already changing the financial sector, ‘fintech’ solutions are already providing cheaper and faster payment services, and in the next 5-10 years, ‘blockchain’ technology like Bitcoin will certainly take an increasingly larger share of the financial market. Although Croatia proudly maintains an education system from the 19th century, the educational system in developed countries has been incorporating MOOCs (Massive Open Online Courses) like Coursera or EdX for years as an extension of the standard higher education system, Vedran Antoljak stated on one occasion in the weekly Lider.

These 5 applications will change the way you do business outside the office Based on the above, we present to you applications that are changing established business models.

Simple The Simple application may change the way people do business with banks and other financial institutions. Dealing with banks and engaging in financial transactions is a nightmare for many due to fees, additional costs, paperwork, and the hassle of transferring money from one account to another, along with applications that have so many details that they drive users crazy. Simple is advertised as an application that will revolutionize banking. Simple, fast, without any fees, with content that will help users save money instead of losing it at every step of the transaction… This is why Simple is so popular among users, who save up to several thousand dollars a year using this application. At the end of the day, traditional institutions are the losers due to the use of Simple, and the winner is the user.

Tuneln

The Platonic ideal of what media should be in the 21st century. The great noise of thousands and thousands of radio stations, Tuneln sorts and brings to the listener more than 100,000 channels and over four million shows that can be listened to ‘on demand’. By treating the whole world as one market, modern radio stations are forced to change the way they treat their marketing plan. Tuneln has over 50 million monthly subscribers. Radio stations that cannot adapt their business plan to the broader market may soon become a thing of the past.

Canva

An online platform that could mean the end for graphic design as we know it today. One of the toughest jobs in the business world, Canva simplifies so much that it feels like a child’s arcade video game and allows employers to design their own logos or graphics, which many users claim have achieved better results than the most expensive studios. Of course, the best graphic designers need not fear for their jobs, but everyone else could soon be easily replaced. A-list American actors are also investing in this platform, and last year, 40 percent of companies on the Forbes list of the 500 most successful used its services in one way or another.

UpWork

An extremely popular global platform that was created by merging Elance and Odesk in 2013. With its help, employers can interview potential employees in real-time. It is used by over 10 million freelancers. Thanks to it, an employer can find a highly qualified worker from any corner of the world who is willing to work for less than three dollars an hour within a minute. The expansion of this platform could make life easier for entrepreneurs around the world, but it could also deal a huge blow to freelancers from Europe and North America, as individuals from less developed countries are willing to do the same job for much less money.