Every smart leader wants his business to grow, expand, and innovate. And all this for the sake of big profits. Working with partners inside and outside of any industry is also very important. The world and business environment of each of them are so complex, dynamic, and disruptive that not every organization can solve them on its own. To avoid problems, the industry must have some external source of data, insights, applications, operations, and expertise for growth.
The international research and consulting firm IDC has given its forecasts for the development of such structures for 2022. The scenarios involve studying the digital divide between companies that have transformed or have not united into a single business ecosystem by including a network of partners, industry organizations and consortiums:
In 2022 , organizations types of nurse databases that share data, applications, and transactions with their business ecosystem will grow revenue three percentage points higher than non-participants.
By 2024 , 80% of such frameworks will mandate a single environmental, social and governance (ESG) policy for business ecosystem participants through a governance platform and applications for initial and ongoing verification.
By 2023 , 60% of these schemes will be able to create open innovation hubs for cross-industry collaboration, co-development of applications, personalised customer experiences and growth in membership by 5% per year.
In 2025 , 80% of business ecosystems will be particularly active in using their own products, assets, and digital twins of processes to share data and knowledge with other partners.
By 2026 , 25% of the new application portfolio of global and local public, private, and nonprofit organizations will consist of applications developed by consortia within their business ecosystems.
In 2025 , the digital asset storage and transfer ledger will be particularly active in these structures, as 80% of organizations use distributed ledgers in their ecosystem initiatives to establish and ensure trust.
Forecasts for the development of business ecosystems
By 2022 , 50% of Fortune 500 companies will be driven by the value of shared ecosystem data through key performance indicators (improved operational performance, continuous customer engagement, and enhanced expertise).
In 2023 , 25% of such structures will actively use venture capital subsidiaries and funding from industry partners to accelerate ecosystem scaling, support financially green initiatives, and drive innovation.
By 2024 , 50% of federal governments will be actively involved in developing, scaling, and supporting these schemes through legislative changes, funding support, security improvements, and digital and physical infrastructure enhancements.
In 2026 , an average of 30% of Global 2000 companies' revenues will come from sharing data, applications, and operational initiatives across their business ecosystem with partners, industry organizations, and business networks.
The same firm predicted that organizations from all sectors of human activity will continue to actively expand and continue to develop the methodology of cooperation with partners in the business ecosystem. To work successfully and increase income, it is necessary to unite with partners under this scheme to stimulate innovation, acquire new skills, abilities and knowledge. The structure of the business ecosystem assumes an active relationship with all its elements.
The task of this environment today is simple and clear - do not wait for several years to implement the forecast, you need to act here and now. Active work is needed not only by giant companies, but also by those who just want to become a participant in the ecosystem. There is still a chance to succeed in this field, and in a few years you can find yourself outside the established business alliances, with which there will be no opportunity to compete.
Author of the article
Dmitry Svistunov
Dmitry Svistunov
Head of SEO and Development
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#business-ecosystem
#ecosystem in business
#ecosystem business model
#ecosystem business company
#digital business ecosystems
#ecosystem of products for business
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