What Is The Value of a Business Ecosystem?

To succeed in today's business environment, companies are creating communities and becoming a part of business ecosystems. Joining a business ecosystem provides mechanisms to leverage technology, compete against larger companies, and achieve excellence in research and business competence. Collaboration, harnessing innovation, effective use of technology resources, and accelerated learning are key goals for business ecosystems. To create value and provide growth potential, companies need to innovate within the ecosystem. Investing in digital infrastructure helps platforms to bring together thousands, or even millions, of independent participants to enhance leverage, specialization, and flexibility. Knowledge networks provide powerful tools to connect resources and facilitate coordination, further accelerating learning in the co-creative environment of the business ecosystem.