Find out why digital ecosystems are taking off…
About
According to IT analyst firm Gartner, a digital ecosystem is – ‘..an interdependent group of enterprises, people and/or things that share standardized digital platforms for a mutually beneficial purpose, such as commercial gain, innovation or common interest, growth and shareholder returns.’
Digital Ecosystems have become more visible in enterprise computing owing to the increased focus towards digital transformation. Digital transformation describes a foundational change in how an organization delivers value to its customers. It normally represents an adjustment to the business model adopted by an enterprise to create its customer value and profitable returns for shareholders.
As a matter fo fact, the world of business has gone mad for digital ecosystems in the last few years, partly driven by the awareness of technologies like Blockchain that make it possible to create a federated and trusted digital market-place for ‘anything.’
Purpose and benefits
The purpose of a digital ecosystem is to provide the data processing capability needed support a community of users in the delivery of a process or function. The benefit of using a common digital ecosystem across a community is to reduce frictional costs, not to mention the cost of operating IT for each contributor. With Digital ecosystems, IT costs are shared by the community, probably in the form of a subscription charge.
Example
A good example of a digital ecosystem is a city-wide Internet of Things platform. These are being developed by leading cities around the world including Barcelona, London and Tallinn in Estonia. The principal of a city-wide digital IOT ecosystem is to enable all digital services to be provisioned and paid for using a common technology substrate. It means that citizens and visitors can register for a service with their ID and then pay for (and consume) services more easily.
Examples of services include car park payments, transport payments, lifelong learning and gym fees, computer printing and copying etc. For any such digital ecosystem, a digital platform is required able to manage and house applications deployed as services.
About Encanvas
Encanvas is an enterprise software company that specializes in helping businesses to create above and beyond customer experiences.
From Low Code to Codeless
Better than code-lite and low-code, we created the first no code (codeless) enterprise application platform to release creative minds from the torture of having to code or script applications.
Use Encanvas in your software development lifecycle to remove the barrier between IT and the business. Coding and scripting is the biggest reason why software development has been traditionally unpredictable, costly and unable to produce best-fit software results. Encanvas uniquely automates coding and scripting. Our live wireframing approach means that business analysts can create the apps you need in workshops, working across the desk with users and stakeholders.
When it comes to creating apps to create a data culture and orchestrate your business model, there’s no simpler way to install and operate your enterprise software platform than AppFabric. Every application you create on AppFabric adds yet more data to your single-version-of-the-truth data insights. That’s because, we’ve designed AppFabric to create awesome enterprise apps that use a common data management substrate, so you can architect and implement an enterprise master data management plan.
Encanvas supplies a private-cloud Customer Data Platform that equips businesses with the means to harvest their customer and commercial data from all sources, cleanse and organize it, and provide tooling to leverage its fullest value in a secure, regulated way. We provide a retrofittable solution that bridges across existing data repositories and cleanses and organizes data to present a useful data source. Then it goes on to make data available 24×7 in a regulated way to authorized internal stakeholders and third parties to ensure adherence to data protection and FCA regulatory standards.
Encanvas Secure and Live (‘Secure&Live’) is a High-Productivity application Platform-as-a-Service. It’s an enterprise applications software platform that equips businesses with the tools they need to design, deploy applications at low cost. It achieves this by removing coding and scripting tasks and the overheads of programming applications. Unlike its rivals, Encanvas Secure&Live is completely codeless (not just Low-Code), so it removes the barriers between IT and the business. Today, you just need to know that it’s the fastest (and safest) way to design, deploy and operate enterprise applications.
Learn more by visiting www.encanvas.com.
The Author
Nick Lawrie is the CEO of NDMC Ltd and a member of the Encanvas Steering Group. His background is in corporate finance where he served for several decades as a Fortune 500 CFO. Nick is an experienced practitioner in large-scale enterprise IT and change management projects. He can be contacted via his LinkedIn profile.
Further reading
- Unleashing the New Workforce: How Clustered Cloud Can Supercharge Your Team
- Forget Public Cloud: This Private Cloud Innovation is Game-Changing
- Why Clustered Private Clouds Trump Public Cloud Solutions
- Data Fabric: What Is It and Why Every Business Needs One
- Decoupling Data Benefits for Digital Transformation