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Go from Siloed and Fixed to a Dynamic Digital Platform
Challenges with traditional business ecosystems
Traditional business ecosystems are serialized and have not significantly changed even though underlying technologies have had an increasing rate of change.
Traditional IT delivery was heavily influenced by organizational boundaries, creating centralized silos of application systems and data – on aging infrastructure building IT debt.
The challenge is that all the investment in the traditional model (business and technology architecture) - which made the company successful so far – will not address the demands of digital, and will likely prohibit competing in the digital economy.
Incumbent companies have some advantages in capital, brand and customers. They must disrupt themselves, let go of the predilection of the “way things have always been done” and re-architect, re-skill and re-tool, for the continuous change necessary to compete in digital.
Benefits of a digital business ecosystem
Digital business ecosystems, in contrast, are integrating business processes with partners for compounding efficiencies and capabilities - digitally standing together, not apart and moving faster, doing bigger things more quickly.
Digital IT delivery starts with a digital platform which is both a business and technology platform. Businesses use the platform for digital engagement with customers, employees, partners and things to provide and subscribe to digital products and services for inter-business processing within the digital ecosystems.
Digital companies can innovate fast, fail fast and adapt to change, pushing the commodity items, and/or what slows them down, to integrated cloud services.
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