“The new economy has to be a networked economy within a comprehensive digital ecosystem”
Our objective was to create an internal digital ecosystem of players that provides the core technologies that are most required by the modern market. Core technologies here include mobile data, IOT, digital infrastructure, deep analytics and business intelligence.
We seeked out best-in-class players who were a strategic fit for our plans to provide end-to-end digital ecosystems with networked intelligence. Each subsidiary company provides a unique and critical capability that we prefer to keep in-house.
As part of this plan, we have an outer ring of partners that we closely work with on a project by project basis. These provide relevant digital capabilities which may be required, but less often than our core competencies.
Technology remains a highly fragmented market. Most solutions are created through ad-hoc partnerships among technology suppliers – a model that doesn’t provide a sustainable, long-term blueprint for industry growth in an age of networked intelligence.
Also, many tech providers are burdened with legacy issues and compositions that do not match modern requirements. Very often they graft new skills and people on an ad-hoc basis but with a fairly unchanged core.
The business models provided may not be optimised for what is required in these agile times – its no longer easy to insist on a up-front fixed fee model for providing technology.
We have a chance to start with a blank canvas and systematically draw up a lean and efficient blueprint to providing intelligent digital ecosystem solutions. In addition to the end-to-end digital ecosystem tech capability, we can also provide better partnership and business model options to our clients.