In episode 58 of the Leadership Minute, Janet Schijns talks about how technology ecosystems improve enterprise businesses through automation and other tools and technologies, and why it’s so important for you to work with a partner if you want to increase efficiency, make better (data-driven) decisions, improve collaboration, and drive innovation at your organization.
00:31 — Janet defines a technology ecosystem as a network of companies, software, services, and hardware that collaborate to provide a comprehensive solution. It can be seen as an interconnected web of companies and technologies that support one another to create a seamless experience for the end user.
00:49 — What exactly do these technology ecosystems do? While currently many still use the term “channel partners,” as technology expands, the landscape has expanded. Today’s “technology ecosystem” doesn’t just consist of traditional company channel partners, but also independent software vendors, hardware manufacturers, and several other service partners, all working together to provide a comprehensive solution to the enterprise.
Join us on April 20, 2023, for Partners Ecosystem Digital Summit, a digital event analyzing the business and IT imperatives around cloud, AI, automation, and cybersecurity ecosystems that define the future of partnerships.
01:20 — In recent years, one of the most significant advantages of technology ecosystems, thanks to the cloud, has been the improvement in communication. When different departments and teams use different systems, it can be challenging to keep everyone on the same page. A technology ecosystem partner can help solve this problem by integrating all those systems and providing a unified platform for communication. This integration enables seamless communication, ultimately leading to improved productivity and better decision-making for the enterprise.
01:51 — Efficiency is the key to success in business, and technology ecosystems help enterprises achieve it meaningfully via automating routine tasks and streamlining workflows, says Janet. Businesses that use a technology ecosystem partner can save time and resources. As such, companies can then take on more work, deliver better results, and ultimately increase their revenue.
02:26 — Janet adds that by providing a platform for collaboration and experimentation, these partners help drive innovation, which is the lifeblood of any enterprise. The ability to experiment and innovate quickly can give companies a significant competitive advantage in the market.
Which companies are the most important vendors in data? Click here to see the Acceleration Economy Top 10 Data Modernization Short List, as selected by our expert team of practitioner-analysts
02:54 — Lastly, these partners drive value by helping enterprises make data-driven decisions. They integrate various data sources, provide analytic tools, and help enterprises gain insights into their operations to make more informed decisions. This data-driven decision-making helps enterprises optimize their processes, reduce costs, and identify new growth opportunities.
Want more tech insights for the top execs? Subscribe to the Leadership channel: