Understanding ecosystem technologiesĮT encapsulates an expanded set of IT capabilities and functions (Exhibit 2). For the CIO, this shift also creates a significant opportunity to work closely with the CEO on business priorities and to become a prime strategic partner. These numbers point toward a radical reframing of what IT is and how CIOs manage it-not as an internal collection of information technologies (IT) but as a broad network of ecosystem technologies (ET). At the same time, there will be more than 50 billion connected devices expected by 2020, according to Cisco. IDC Predicts the Emergence of “the DX Economy” in a Critical Period of Widespread Digital Transformation and Massive Scale Up of 3rd Platform Technologies in Every Industry, Nov.
IDC predicts that by 2018, more than 50 percent of large enterprises-and more than 80 percent of enterprises with advanced digital-transformation strategies-will create or partner with industry platforms.
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To adapt their complex business-technology architecture to function in a world of ecosystems, CIOs will have to figure out how to simultaneously draw external technologies closer while managing security issues and getting a handle on the accelerating stream of technological innovations. But they can’t do it through “business as usual.” In an ecosystem environment, an exclusive focus on “protecting the center” can limit a company’s ability to capitalize on emerging opportunities. They can, among other benefits, find new customers, tap into new sources of data, and improve established business processes.ĬIOs and IT organizations have a huge role to play in capturing these opportunities. By plugging into these ecosystems, companies can get access to entire networks.
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