Recently Gartner, the analyst firm, published a paper with the title 8 Dimensions of Business Ecosystems.
Right now, I am working with the Product Data Lake service, that is aimed at supporting business ecosystems when it comes to sharing product information. Our take at business ecosystems seems to fit quite nicely into the 8-dimension model.
Participants in supply chains must adapt a business ecosystem strategy when it comes to handling product information. An inhouse Product Information Management (PIM) system is only the beginning. This system must be an active part of a digital ecosystem as explained in the post Passive vs Active Product Information Exchange.
This digital ecosystem must be able to support different degrees of openness as public, private or hybrid and embrace engagement of diverse participants having various types of relationships. How this is achieved for product information sharing was touched in the post Product Data Management is Like an Ironman.
The value exchanged with product information was examined in the post Infonomics and Second Party Data. We do that by acknowledging the diversity of industries and complexity of multiple ecosystems as exemplified in the post Five Product Classification Standards.
As stated in the Gartner article: “Success will require a strategic integration of technology, information and business processes.”
Learn how this is achieved when it comes to Product Information Management (PIM) at Product Data Lake Documentation and Data Governance.