TECH SUPPLIER Jun 2022 - IDC Survey Spotlight - Doc # US47771022

Cloud, Cybersecurity, and Trust Power the Future of Industry Ecosystems

By:

Jeffrey Hojlo
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Abstract

This IDC Survey Spotlight examines the top technology and risk mitigation considerations when building industry ecosystems. Cloud infrastructure and applications and cybersecurity continue to be top investment areas for organizations expanding their industry ecosystems across industry today. Establishing trusted, effective business models with ecosystem partners can span sharing of data and insights, sharing and codeveloping applications, and sharing or colocating operations and expertise.

An industry ecosystem can include suppliers, customers, experts, public entities, industry organizations, and even competitors. With this flexible mix of participants, organizations must have a cloud-based infrastructure and service-driven approach for rapid application sharing, combined with the cybersecurity and verification systems (such as blockchain) in place to ensure collaboration and innovation. Hence the reason these investments are paramount.

This IDC Survey Spotlight includes data from IDC’s 2022 Future Enterprise Resiliency Survey, Wave 2, and IDC’s 2021 Future of Industry Ecosystems Global Survey. Key findings include:

  • Cybersecurity is the top planned investment in support of industry ecosystems, followed closely by cloud infrastructure.
  • Product and service quality, as well as regulation, are critical risks to mitigate as industry ecosystems expand.
  • Data security and trust, as organizations increase the sharing of knowledge and coinnovation, also are important considerations.

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