How to develop a digital ecosystem: A practical framework

Abstract

Throughout the modern industrial era, industries have generally been organized as linear value chains. This gave birth to the vertically integrated organization, which was organized in such a way in order to control the entire value chain and achieve economies of scale, which in turn would create a significant competitive advantage. As digital technologies continue gaining adoption, they start enabling new ways of organizing how value is created. This transitionmeansmoving fromvalue chains to digital ecosystems.