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Defining the Future of Industry Ecosystems

Publisher IDC
Published Nov 09, 2022
Length 17 Pages
SKU # IDC17496141

Description

Defining the Future of Industry Ecosystems

This IDC Perspective analyzes the need and opportunity for this extended approach to industry ecosystems, one of the multiple types of ecosystems that companies will employ today to remain competitive, address disruption, and grow their business. Industries are expanding the capability, capacity, insight, and expertise of their teams through ecosystems, within and outside their industry. "Why are industry ecosystems critical for success in the digitally transformed, disrupted world we live in today? Because the complexity of products, supply chains, digital experiences, and changing market and customer/consumer needs are too great for any one organization to address on its own. Organizations must continually morph with shifts in trends that will disrupt their industry value chains. As organizations understand these shifts, they form new, additional partnerships in industry ecosystems — within their industry or across others — that deliver value, create resiliency, foster innovation, and anticipate threats and opportunities," said Jeffrey Hojlo, research vice president, Future of Industry Ecosystems at IDC.

Please Note: Extended description available upon request.

Table of Contents

17 Pages
Executive Snapshot
Situation Overview
Why Industries Need Industry Ecosystems
Building Relationships Within and Across Industries
The Future of Industry Ecosystems: Built on the Platform and Sharing Economy
Shared Data and Insights
Shared Applications
Shared Operations and Expertise
Industry Ecosystems: Powered by Physical/Digital, Capital, and Trust
Physical and Digital Products and Services, Working in Harmony
Capital — Human, Asset, and Financial
The Critical Importance of Establishing Trust in Industry Ecosystems
Advice for the Technology Buyer
Appendix
Defining Ecosystems
Learn More
Related Research
Synopsis

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