The library in a new digital age

The last decade has seen the arrival of the new digital age. The Internet has become more important then ever and digitization of everything around us has been going on at full speed. The way we consume and pay for products in changing drastically. Digital payments are going up, as a digital sales. Even the physical vs. digital goods are changing where digital distribution of games, movies, tv shows, music and books are slowly but surely moving towards digital distribution. Business models that worked 10 years ago have no chance of succeeding due to the way people use digital devises in their day to day lives.

How does an institute like the library carry over from the “old” business model into a new digital business model?