Ecosystems often conjure childhood images of animals and plants working together. These essential symbiotic relationships taught us the importance of balance, inter-dependence, and supply and demand. Within our modern work environment, more companies are beginning to realize the competitive advantages of altering their solo strategy for one that embraces ecosystems as a method of bringing new capabilities — including digital — to their businesses.
CIOs must be a part of this transition to integrate ecosystems fluidly into all areas of the business. Businesses must pursue innovative, agile models to remain competitive and grow outside of their traditional core business—and ecosystems represent a strong opportunity to do so.
Read More from This Article: CIOs must play a key role in ecosystem strategies
Source: News