The relevance of an ecosystem

Updated: Oct 20, 2019

The Fourth Industrial Revolution is rapidly driving transformational disruption across every sector. By 2022, over 60% of global GDP will be digitized. An estimated 70% of new value created in the economy over the next decade will be based on digitally enabled platforms.

There is no other way than preparing to be part of the industry and extended ecosystems. You can choose to lead or be lead. The outcome would be a function of your design thinking and design of the enterprise.

A world powered by intelligence

One of the most essential values in the midst of the disconcerting changes wrought by the Fourth Industrial Revolution is trust; between the governed and governments, and between civil society and the private sector. In a world that is powered by intelligence, it is computing and not processing of data that matters and there needs to be governance that sees the connection in a continuous process loop. This should foster trust with data ownership, privacy and security. The main role of intelligence is to assure this trust. Only then will the true value of the openness of collaboration and sharing result in the benefits of working in an ecosystem.


A universe structured by automation

The automation at each part of the origination and transition of data from node to node brings the possibility of automation. With the human intervention mainly performing the role of designing the governance, risk assurance and compliance fulfillment for the process to be executed with efficiency. These are very different skills to the manual activities of execution and their enablement by information technology process as a means of record keeping. This universally structured automation needs very different skills of design thinking, design, transformation and innovation to bear tangible economic and social benefits.


A customer and consumer empowered by democratization

The B2B2C convergence of the business model is an economic necessity. Enterprises such as Apple, Alphabet and Amazon have all been working silently on it for several years now. While they are being accused of monopolistic tendencies, the rest of the industry have done precious little to challenge the overwhelming lead they are taking to ameliorate business models. It is not just the money they have at their disposal but also their ability to attract talent and patiently work on the transformation of their mindsets, giving them the necessary grounding and support, that is seeing the positive outcomes.


One cannot arrive into this future by accident. It has to be by design; of thinking first and then of execution. Please write to pooja.haritwal@archents.com to schedule a dialog with an archents expert who can deep dive for you on the concerted approach of design thinking, design, transformation and innovation to take you through a successful journey of digital transformation that will see you among the leaders in your industry ecosystem.

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