What are the advantages to the consumer of subscription over ownership? What are the drawbacks?

I need help with a Computer Science question. All explanations and answers will be used to help me learn.

Question: With the arrival of reliable, fast, networked digital information, businesses can track the location and status of all kinds of objects, such as cars and bicycles. This is introducing a new business model different from individual ownership—now, using a car can become a “subscription” service. What options are there for “subscribing” to a car instead of owning one? How about for a bicycle? Are there other businesses you can identify that would be able to take advantage of digital information and become subscription services instead of vendors of a physical product? What are the advantages to the consumer of subscription over ownership? What are the drawbacks?”

Please write minimum of 300 words
Need minimum of 2 peer reviewed article

 
"Looking for a Similar Assignment? Order now and Get 10% Discount! Use Code "Newclient"

If this is not the paper you were searching for, you can order your 100% plagiarism free, professional written paper now!

Order Now Just Browsing

All of our assignments are originally produced, unique, and free of plagiarism.

Free Revisions Plagiarism Free 24x7 Support