What is a digital ecosystem, and how does it function? 🔊
A digital ecosystem is a complex network of interacting digital services, tools, and platforms that create value and support various business processes. It functions through seamless interconnectivity between applications, APIs, and data streams, facilitating collaboration between organizations and enabling them to share resources efficiently. This interconnected structure promotes innovation by allowing stakeholders to leverage capabilities and create synergies. The efficient flow of information and technology in a digital ecosystem helps organizations adapt to market changes and improve competitive advantage.
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