The Ecosystem Equation: Collaboration in the Connected Economy

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Transcript of The Ecosystem Equation: Collaboration in the Connected Economy

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In the Connected Economy (CE), value is created through technology-enabled links between people, machines, and organizations.

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We are still in the early stages of the shift to the Connected Economy.

Less than one-fifth oforganizationsareusingCEbusinessmodels,products,andprocessestoasignificantextent.

They are the Connected Economy leaders.

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Most organizations believe they are under intense pressure to catch up.

More than half (52%)oforganizationssayasubstantialpartoftheirrevenueisunder threat fromdigitaldisruption.

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And many have to work hard to close the gaps between importance and performance.

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The key to transformation is overcoming barriers to joining the Connected Economy …

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and reaping the benefits of being a CE leader.

ConnectedEconomybusinessmodelsperformbetter.

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So what separates CE leaders from followers and laggards?

CE leaders recognize the threat fromdigitaldisruptionandthevalueoftheirITleadershipinbringingthemintotheConnectedEconomy.

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Their CIOs have taken a more visible role in leading digital initiatives, and they are more involved in setting digital business strategy.

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They have greater collaboration between IT and LOB.

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And CE leaders’ CIOs are more likely to be innovators.

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CE leaders invest in technology

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Success today—and especially in the future—is dependent on participation in a broader business ecosystem.

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The Ecosystem EquationEvenfollowersandlaggardsrecognizethe increasing importance of tighter connections.

However,CEleadersarebetterpositionedforsuccesswithintheirownbusinessecosystems.

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This survey underscores the need for organizations to understand and invest in a more intelligent and modern IT infrastructure.

The survey highlights that CE leaders are: Alreadyabletogainmorerevenuefromnewproducts

AbletoexploitinformationquicklywithITandLOBleadersworkingcloselytogether

EnsuringtheirorganizationshavetheskillsandtechnologytothriveintheConnectedEconomy

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The Ecosystem Equation: Collaboration in the Connected Economy

Thesearejustafewofthefindingsfromthesurvey.

READ THE IN-DEPTH REPORT http://www.ibm.com/it-infrastructure/us-en/connected-economy/