TECH SUPPLIER May 2021 - Web Conference Proceeding: Tech Supplier - Doc # EUR147664721

Industry Digital Ecosystems in Europe: The What, The Who, The How

By: Massimiliano ClapsResearch Director, Andrea SivieroAssociate Research Director, European Customer Insights & Analysis, Stuart WilsonResearch Director, European Partnering Ecosystems

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Abstract

This IDC Web Conference discusses the emergence and importance of industry digital ecosystems in Europe. In 2021, over 40% of European organizations are rethinking how they work with ecosystem partners to develop and deliver products and services, with the expansion and creation of new industry digital ecosystems being a top priority for European industries.

Industry digital ecosystems are networks of organizations in which relationships between interdependent entities are purposefully established to create business value by integrating contributions from multiple participants. Such ecosystems include partners, customers, suppliers, service providers, and competitors within and outside the operating industry that dynamically collaborate as necessary to meet a given opportunity, challenge, or disruption.

Drivers behind the development of these industry digital ecosystems include delivering shared value, improving resiliency, fostering innovation, and better anticipating threats and opportunities by leveraging innovative technologies to connect and create.

These business models are distinct from linear value chain relationships or channels. They involve a hyperconnected network in which shared data, applications, operations, and expertise are all pieces of the puzzle and triggers to value. We expect they will drive demand for a new breed of orchestration and trust-centric technology solutions and services, creating new market opportunities for tech players in the region.

In this webcast, Stuart Wilson, Massimiliano Claps, Andrea Siviero, and the IDC European Future of Industry Ecosystems team explore these themes and address questions such as:

  • What is the primary focus of industry digital ecosystems in Europe?
  • Which companies have been successful at creating industry digital ecosystems?
  • Which technologies enable ecosystem collaboration and operating models?
  • What are the key metrics to measure ecosystem collaboration success?
  • How can organizations set up, join, manage, and monetize industry digital ecosystems?

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