Every successful innovation exists within an ecosystem. It’s a condition of success. Most ecosystems have been digitized in the past decade, but too few organizations have taken advantage of the data that fuels their ecosystems.
The concept of an ecosystem is simple but can take time to absorb. Today, we’ll embark on the bones of the data ecosystem: What it is, how people use it and how AI is adding urgency.All ecosystems include things—people, organizations, capital, etc.—and the communication between those things. In the automobile ecosystem of the 1900s, data moved through phones, ledgers, letters. In the smartphone ecosystem, data moves in packets of bytes.Apple iOS 17.
Industries implement data ecosystems on an uneven timeline. Your best use cases for a data ecosystem will be different from someone else’s. There are, however, enoughInstall sensors and analyze data to find revenue leaks, then tighten up logistics and operations.