Top 10 Reasons Business Ecosystems Are The Future!

In my introductory post, I noted business ecosystems as a key business trend that I see leading to success in the highly networked and transparent world that’s emerging. The number of disruptive scenarios emerging now are causing unprecedented uncertainty for businesses and people alike. Autonomous & connected vehicles, virtual & augmented reality, healthy life extension, smart home, the circular economy, nano & biotechnology, 3D/4D printing & additive manufacturing, crypto-currencies & blockchain, renewable energy and artificial intelligence & advanced robotics all have broad reaching implications. Everyone is trying to decide the impact on their business and industry. Yet, the implications of these disruptive scenarios are so broad that no single business or industry can apply them in isolation and to attempt to carries grave risk of disintermediation. As the disruptive scenarios emerge and evolve, I see them coalescing in the form of multi-industry business ecosystems. An ecosystem, in scientific terms, is a group of living or non-living things that depends upon each other to thrive. A business ecosystem is a self-organizing network (typically enabled by e-commerce and/or social technologies) whose participants exchange value around a common purpose. Because every industry today can be considered an ecosystem, the question is how those industries will evolve as a result of the…