Digital Ecosystems

Dateline: July 1, 2016

Welcome to our Friday WRAP – one thought-provoking idea to think about over the weekend.

Last week’s idea was from MIT’s recent CIO Symposium.  Today’s idea also came from that event.  Professor Peter Weill, Director at CISR research center, moderated a panel session on Thriving Through Digital Ecosystems.  The research discussed in that session found that digital ecosystems were instrumental in higher revenues and profit margins.

Why ecosystems? Because MIT research found that companies with 50% or more of their revenues from digital ecosystems had higher revenues and higher profit margins than their industry’s average. Ecosystems move beyond linear supply chains to partnering with providers of complementary products and services (or sometimes competitors) to create a better customer experience, among other benefits.

What does your digital ecosystem look like? 

That’s a WRAP!  Have a fantastic weekend.

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