TECH SUPPLIER May 2020 - Market Perspective - Doc # US46235420

COVID-19 and Industry Cloud Platforms: Responses of Cooperation, Network Effects, and Crisis Navigation

By: Zachary RabelSenior Research Analyst

Abstract

This IDC Market Perspective tracks how collaborative industry clouds (ICs) are responding and generating efficiencies in the COVID-19 crisis. Organizations are building ICs that directly aid in combating the crisis, while existing industry cloud platforms are helping participants navigate it.

"Industry cloud platforms are uniquely positioned to help organizations navigate the crisis through healthcare data sharing, digital marketplace creation, supply chain transparency, combined COVID-19 research, and more. Business as usual has been completely upended, and as the market responds erratically, any expertise within an organization is greatly compromised. Industry clouds are using their power in numbers to bring collective insights, ameliorate hardships, and solve market problems," according to Zachary Rabel, senior research analyst, SaaS and Industry Cloud.


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