How does a digital business ecosystem work?

A digital business ecosystem refers to a network of interconnected organizations, individuals, and technologies that collaborate to create, deliver, and consume digital products and services. The ecosystem is built upon a digital platform that facilitates seamless communication, data sharing, and transactions between its various participants. These participants can include companies, customers, suppliers, developers, and even competitors. A digital business ecosystem thrives on multiple value exchanges, where each participant contributes to and benefits from the collective value creation. The platform acts as a centralized hub, enabling the efficient coordination of activities, leveraging of resources, and the creation of new digital-enabled business models. By leveraging digital technologies and ecosystem dynamics, businesses can achieve increased agility, innovation, and scalability, leading to enhanced customer experiences and competitive advantage in the digital landscape.

This mind map was published on 10 December 2023 and has been viewed 54 times.