TECHNOLOGY
DIGITAL ECOSYSTEMS ARE INCREASINGLY TAKING CENTRE STAGE WHEN IT COMES TO BUSINESSES LOOKING TO IMPROVE WORKFLOW EFFICIENCY
Sridhar Iyengar Managing Director for Europe
a digital ecosystem , companies can reduce costs associated with IT infrastructure , maintenance and labour .”
Creating value for enterprises Digital ecosystems are creating additional value for enterprises across numerous industries .
A big plus-side of well-designed ecosystems is how easily they can be scaled as a company grows , making them ideal for startups and small businesses looking to expand quickly .
Organisations also stand to improve supplier and partner relationships as their collaboration with stakeholders in the digital ecosystem becomes more effective , leading to better strategic alliances and supply chain management .
What ’ s more , through data analysis , companies are able to gain valuable insights into customer behaviour , preferences and needs , helping them to tailor offerings and marketing strategies .
74 December 2023