Succeeding in the ecosystem economyDownload the full report
Exploring ecosystem advantages Executives recognize that ecosystems are reshaping enterprises, industries and economies. Not only can ecosystems redefine the way organizations manage and govern business, they facilitate access to new markets and new customer propositions. But a majority of those surveyed report that anticipated costs of engaging in ecosystems are causing them to struggle to see the full range of business advantages. Executives from those organizations that outperform their peers however, do discern significant value from ecosystem engagement. While specific benefits are partly determined by an organization’s specific ecosystem role, gains are possible for all of the major ecosystem roles whenever organizational contributions are suffiiciently crucial and unique.
Participation in platform business models opens the door to both cost savings and new revenue streams for insurers.
If banks can rethink their business models, they are uniquely positioned for success in the age of cross-industry platforms and ecosystems.
Platforms are already having a multitrillion-dollar business effect, making it critical for leaders to weigh the implications, consequences, and benefits.