Published: 01 May 2024
Mastering innovation is more than knowing your customers or competition; it requires immersion in the ecosystem of your business. As technologies like GenAI accelerate change, executive leaders must build value through co-creation with diverse partners to bring solutions swiftly to market.
In the 2022 Gartner Digital Business Ecosystem Survey, 69% of enterprise leaders are leveraging innovation ecosystems. Innovation ecosystems are becoming the backbone of a thriving innovation knowledge economy where collective collaboration and entrepreneurship drive digital business evolution to tackle complex industry and sector challenges that individual entities alone can’t resolve.
To balance risk and reap maximum rewards by capitalizing on technologies like generative AI (GenAI), companies must harness innovation ecosystems and partnerships focused on skilled experimentation and commercialization to increase time to market.
Traditional siloed business and corporate structures falter at delivering breakthrough innovation. Innovators often fixate on “shiny”
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Analysts:
Michelle Bazargan, Tsuneo Fujiwara, Darren Topham
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