Ecosystems are The Future of Digital and MDM

A recent blog post by Dan Bieler of Forrester ponders that you should Power Your Digital Ecosystems with Business Platforms.

In his post, Dan Bieler explains that such business platforms support:

·      The infrastructure that connect ecosystem participants. Business platforms help organizations transform from local and linear ways of doing business toward virtual and exponential operations.

·      A single source of truth for ecosystem participants. Business platforms become a single source of truth for ecosystems by providing all ecosystem participants with access to the same data.

·      Business model and process transformation across industries. Platforms support agile reconfiguration of business models and processes through information exchange inside and between ecosystems.

A single source of truth (or trust) for ecosystem participants is something that rings a bell for every Master Data Management (MDM) practitioner. The news is that the single source will not be a single source within a given enterprise, but a single source that encompasses the business ecosystem of trading partners.

Gartner Digital Platforms.png

Gartner, the other analyst firm, has also recently been advocating about digital platforms where the ecosystem type is the top right one. As stated by Gartner: Ecosystems are the future of digital.

I certainly agree. This is why all of you should get involved at Master Data Share.

 

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