The Future of Industry Ecosystems Framework
In the Future of Industry Ecosystems, an organization’s ability to generate value will increasingly be tied to its participation in a new digital economy. New business models will emerge, accompanied by new customer requirements and ways of operating, that will spur the creation of new, scaled up digital ecosystems that leverage software platforms to deliver scale and speed.
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Best in Future of Industry Ecosystems
The future of industry ecosystems is open, dynamic, and shared, evolving like a biological ecosystem that changes in response to pressure, competition, or disruption. Businesses that consider their ecosystem an expansive set of building blocks and are driven by the opportunity to better deliver values, outcomes, and experiences to individuals and industry ecosystem participants will be able to adjust to meet market change or opportunity as required, much in the same way nature finds a way to adapt. For instance, to mitigate market disruptions, Company X starts to rely on its ecosystem players and partners, while leveraging technologies that allow it to understand the horizon and flex its offerings to stay relevant to the changing consumer needs and requirements.
This award recognizes an organization’s ability to generate value by its participation in a new digital economy. New business models will emerge, maybe driven by new customer requirements and ways of operating, that will spur the creation of innovative, digital ecosystems that leverage software platforms to deliver scale and speed. This award recognizes an organization’s ability to generate value by its participation in a new digital economy. New business models will emerge, maybe driven by new customer requirements and ways of operating, that will spur the creation of innovative, digital ecosystems that leverage software platforms to deliver scale and speed.
WHAT IT TAKES
The winner of this category must demonstrate at least one of the following:
- Ability to seamlessly engage with ecosystem partners utilizing technology such as platforms, APIs, collaboration tools.
- Ability to develop and deliver personalized products, services, experiences.
- Ability to continuously innovate across the ecosystem (products, services, experiences, processes)
- Ability to optimize across the ecosystem (resource/capability)
- Ability to enable traceability across the entire ecosystem (end-to-end reporting in e.g. sustainability)
The winner must demonstrate that its industry ecosystem works on at least 2 of 3 shared initiatives, as defined above – shared data and insights, shared applications, and shared operations and expertise. The industry ecosystem must be in business for a minimum of 6 months.
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