TECH BUYER Jun 2022 - Tech Buyer Presentation - Doc # US48924822

Verticalizing the Corporate Agenda: ESG, Industry Ecosystems, and Industry Clouds

By:

Nadia Ballard
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,
Jeffrey Hojlo
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On-line Presentation

Abstract

This IDC Tech Buyer Presentation discusses the benefits and challenges of working on ESG within industry ecosystems and highlights a few ESG industry clouds recently launched by ecosystem partners. Driven by the corporate suite, ESG efforts are becoming a priority for organizations across industries. But because ESG use cases can be quite different for each industry and company, organizations often prefer to work on them with their industry ecosystem partners. IDC research indicates that working on ESG standards, processes, and data has become one of the top reasons companies participate in industry ecosystems. The need to cooperate in tracking, managing, and reporting on ESG efforts in turn drives demand for shared applications in industry ecosystems. In fact, industry clouds, a type of shared applications, are also a top consideration for industry ecosystem participants. Because they can provide an easy and reliable integration of data streams across the industry supply chain, industry clouds are becoming a popular tool for ESG-related work.


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