Impact of Innovative Technologies on Business Ecosystems

Technological innovations have always been catalysts for social change – but never before have business ecosystems been so visibly at the center of attention. Whether we are making contactless payments, consulting chatbots or entering virtual worlds – often, business ecosystems are based on platforms, which are an important part of orchestrating value creation. Platforms are purpose-built organizational and transactional infrastructures of business ecosystems.
A change in key technological foundations often has an impact on how the business models of business ecosystems change via the platform. The Internet of Things, artificial intelligence, distributed ledger technology and the emerging metaverse act as turbochargers – they not only connect objects, but also markets, communities and entire business models. In the following blog post, Stefanie Auge-Dickhut outlines some thoughts on the impact of innovative technologies and data on the technological basis of business ecosystems.

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Part II: Need for Change – Transformational Needs and Best Practices for Enterprises Using Distributed Ledger Technologies

Distributed ledger technology (DLT) makes it possible to guarantee the integrity of transactions without a central authority. This innovation is therefore seen as having the potential to revolutionize existing financial market infrastructures in the long term [1]. However, the adoption and use of DLT-based platforms has multiple implications for businesses. The technology brings not only technical but also organizational challenges that require new competencies in various business functions. In this article, we explain which challenges affect which corporate functions and which best practices a company can follow when implementing change.

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