Accelerating the Digital Transformation of Business and Society Through Composite Business Ecosystems

Abstract

We believe that the increasing availability of web-connected business and technology services is rapidly leading us toward an era of ‘composable businesses’ in which people will be able to create new value by simply linking together existing assets and resources. Given the current economic disruption caused by the rapidly decreasing lifespans of traditional companies, a paradigm shift on this scale could have profound consequences for the way in which economies and societies function. We therefore believe it is important to ensure that this new environment is open, supports mass participation and enables everyone to contribute towards - and share in the benefits of – new economic networks. In this paper, we therefore propose a set of technologies and practices to empower distributed groups of people to co-create, implement and operate new web-scale business models as “composite business ecosystems”.