on-demand economy


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on-demand economy

Also called the "gig economy," "sharing economy" or "instant gratification economy," the on-demand economy means getting something, if not immediately, sooner than they could in the past. The poster child is the Uber transportation service, and startups in this field call themselves the "Uber of X" (Uber of food delivery, Uber of private jets, etc.).

Freelancing, Sharing, Apps and the Internet
Freelancers (part-time drivers, landlords, etc.), and shared facilities (cars, rooms, etc.) are major factors in the on-demand economy. The smartphone has been the catalyst behind all of this because people have gotten used to getting instant answers any time, any place. See Uber and Airbnb.
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UBER isn't merely a digital middleman linking passengers and drivers, but rather an actual transportation service, the European Court of Justice ruled on Wednesday, in a pivotal move that may spill over into the broader ride-hailing industry and the future of the on-demand economy.
Uber isn't merely a digital middleman linking passengers and drivers, but rather an actual transportation service, the European Court of Justice ruled Wednesday, in a pivotal move that may spill over into the broader ride-hailing industry and the future of the on-demand economy.
In an on-demand economy, great customer service equals timely customer service.
Emerging markets also offer a cautionary tale concerning the downside of the on-demand economy.
What we're seeing is this on-demand economy, ride sharing, car sharing, is going to materially change the way we think about product, underwriting and rating," said John Matley, a principal in Deloitte Consulting's insurance and technology practices.
The product is being used for automated payouts for crowd funding, marketplace vendor settlements, pay roll for on-demand economy workers, loan disbursal and repayment for lenders, modern ERP and accounting tools for invoice payments, and instant refunds via payment gateway, versus five to seven days presently.
Meanwhile, the on-demand economy (ODE) is presenting both opportunity and disruption to the traditional insurance sector, through the requirement for a greater range of time-based insurance products that recognize that assets such as cars and homes are increasingly used on both a commercial and personal basis driven by the increasing utilization of services such as Uber and Airbnb.
The Gig Worker On-Demand Economy survey was conducted online by Harris Poll on behalf of Prudential from Jan.
Among their topics are multimodal transport solutions for grain exports from Kazakhstan, the transport of oil and gas, international freight logistics in Southeast Asia: the Indonesia-Malaysia-Thailand growth triangle, overcoming international freight transport challenges in a disaster response context, and transport futures: reconciling the on-demand economy with global production chains.
To begin, whether you call it the IoP or the on-demand economy (ODE), there is ample evidence to show that the number of employees and employers using per-project work is already big and getting bigger.
Our hypothesis is, people in the on-demand economy act like a community.
Now that workers can use mobile- and cloud-based tools to produce everything from new versions of a product to high-quality video content regardless of location, Utahns are proving their mettle as a workforce suited for today's on-demand economy.