A digital ecosystem is a complex network of stakeholders that connect online and interact digitally in ways that create value for all. Every digital ecosystem extends across multiple industries.
Digital Ecosystems offer many benefits to an organization. Some of them are-
· Faster adoption of technology- Companies can implement new technology in ways that were previously too complicated and unmanageable, allowing them to take full advantage of cloud services and SaaS
· Generation of new sources of revenue- Ecosystem integration creates new revenue streams and allows organizations to track and analyze wide-ranging data that flows through the business. They can use this data to create new products and services with increased value.
· Decreased costs with better business processes- Digital transformation and the creation of a digital ecosystem improve workflow efficiency and working relationships with customers and partners.
At ThoughtStorm, we help organizations build digital businesses in a more connected and digitally efficient society for the future.