Enterprise
Embracing digital ecosystem
Calyn Yap | 21 Apr 2017 00:00

The digital trend is growing rapidly in the business world, but can SMEs keep pace? Gartner forecasts IT spending to grow 7.3% year-on-year to reach RM70.2 bil this year as larger organisations are expected to raise their IT budgets for digitalisation initiatives to tap opportunities in an increasingly digitalised ecosystem.

 

A digitalised ecosystem consists of suppliers, customers and other parties bound together by electronic networks.

 

The evolution will see enterprises shifting from a linear value-chain type of business to one that is more multi-dimensional, and become part of a faster and more dynamic network.

 

Against this backdrop, Gartner research vice-president Andy Rowsell-Jones says SMEs face three challenges in creating a business ready for the digital ecosystem. The first is scale which SMEs, unlike larger companies, find it hard to establish on their own. 



To Read the Full Story, Subscribe or Log In