As South African business owners know, harnessing the potential of different ecosystems is essential to enabling flexibility and scalability in an organisation.Enabling this is the adoption of advanced technologies. It should, therefore, not come as a surprise that the IDC’s 2022 Worldwide CEO Survey has found that nearly 88% of CEOs planned to have either sustained or increased their technology spending this year.
Regardless of industry, digital changes are happening all around us. The secret to success today is to optimise digital transformation through industry ecosystems. This comes down to amplifying partner success with technology-led innovation.As organisations enter the next phase of digital transformation, they must consider several aspects that enable them to meet the industry demands that constantly changing markets are putting on them.
Participants in an industry ecosystem are a mix of private, public, and industry entities such as business networks, expert forums, government organisations, supply chains, and foundational cloud services. Of course, organisations need to leverage various advanced technologies to enable the realisation of this industry ecosystem.