Pricing Model innovation in success of Slack

Slack has really stormed the communication and collaboration market with their neat and clean messaging app.Their success story is phenomenal. One of the reasons attributed to their success is their simple and effective pricing model. Slack has realized the importance of billing simplicity and have come up with innovative Pricing

Pay on- How –You- Drive (PHYD) Pricing : Pioneered by Italian Auto Insurers

Traditionally Car Insurance premiums are based on the driver profile, driving region, accident vulnerability etc. Industry then saw the  introduction of Usage Based Insurance(UBI)  types where the insurance premiums were based on the actual  miles driven. Though it was a step in right direction still it left customers believe that