The BCG Center for Growth and Innovation Analytics uses data science to mine vast troves of unstructured data to spot tomorrow’s opportunities and provide forward-looking data-driven insights in the areas of technology, IP, innovation, and growth.
What Is a Digital Ecosystem?
A digital ecosystem is when many largely independent economic players join forces to create a digital offering that is more valuable than a single company’s product or service. Some digital ecosystems develop solutions—like a connected car or a smart home. Others bring together buyers and sellers on a digital platform.
Our End-to-End Approach for Digital Ecosystems
BCG helps companies looking to develop or participate in a digital ecosystem move from strategy to scale in less than 24 months.
- STRATEGY. To capitalize on the benefits of digital collaboration, companies must craft a forward-thinking digital ecosystem strategy, navigate the startup community to spot potential partners, and identify the partners that can make an immediate impact.
- BUILD-UP. Because new technologies, partners, and competitors emerge all the time, it’s vital to adapt and pivot during the initial phases of ecosystem growth. We work with clients to create a flexible, agile model for designing, setting up, and governing a digital ecosystem.
- SCALE. Orchestrators of collaboration networks need to create a sense of community and trust while ensuring that all participants benefit. Value—whether it’s data, IP, or financial gain—must be shared to create strong and lasting partnerships.
Our Clients' Success with Digital Ecosystems
BCG collaborated with Celcom Axiata, one of Asia’s largest telecommunications companies, to transform a simple phone card into an e-wallet and lifestyle app called Boost. In less than two years, it became Malaysia’s leading cashless platform—a digital ecosystem of 17 banks and a growing list of more than 125,000 participating merchants.
Our Solutions for Powering Digital Ecosystems
BCG’s Center for Growth and Innovation Analytics
BCG’s Center for Growth and Innovation Analytics
FinTech Control Tower by BCG: Unearth Value with Our Fintech Platform
BCG’s
Fintech Control Tower monitors and conducts deep research on global fintech and
insurtech trends and supports clients with innovation discovery, scouting and sourcing, and open innovation efforts.
FinTech Control Tower by BCG: Unearth Value with Our Fintech Platform
BCG’s i2i Innovation Benchmarking Tool
BCG’s comprehensive benchmarking tool constructs a comprehensive view of the competitive landscape and provides key insights into what makes digital ecosystems successful.
BCG’s i2i Innovation Benchmarking Tool
Article
Article
BCG’s Digital Ecosystem Accelerator Kick-Starts Platform Strategies
BCG’s
Digital Ecosystem Accelerator is a diagnostic survey, supported by a benchmarking database that contains more than 90 companies from across sectors and regions. The Accelerator addresses key questions about participating in a digital ecosystem. For more information, contact
Ask_DE@BCG.com.
BCG’s Digital Ecosystem Accelerator Kick-Starts Platform Strategies
Capability
Capability
Digital Maturity
BCG’s
Digital Acceleration Index helps organizations assess their digital maturity by uncovering their digital strengths, identifying gaps in their digital capabilities, and evaluating their performance relative to their peers in digital efforts.
Digital Maturity
Explore Our Insights on Digital Ecosystems
Article
May 18, 2023
Trust can make or break a digital ecosystem. The digital trust network can help leaders develop and bolster sustainable trust among participants.
Article
March 28, 2023
Resist the temptation to scale back investments—instead, use the benefits of digital platforms to help your company through challenging periods.
Article
March 1, 2023
The next few years could be make-or-break for some banks. If they don’t join the digital ecosystem movement, they will be consumed by it.
Video
January 24, 2023
The Benefits of Digital Ecosystems During Volatile Times
Embracing digital ecosystems during economic downturns can help companies be more flexible, foster collaboration on new offerings, expand access to supply chains, and attract talent.
Video
February 8, 2022
Improving Your Chances of Success with Digital Ecosystems
Konrad von Szczepanski, a BCG managing director and partner, explains how the BCG Digital Ecosystem Accelerator can help companies establish and execute successful collaborations.
Video
July 14, 2020
The New Reality of Digital Ecosystems
Companies need to go beyond traditional collaboration models to expand the scope of their innovation. But before orchestrating or participating in a digital ecosystem, they must ask themselves these eight questions.
Video
November 5, 2020
What Is Your Digital Ecosystem Ambition?
Organizations must understand how digital ecosystems are impacting their industry—and if they are prepared to participate.
Video
July 14, 2020
Are You Ready for Collaboration Networks?
Today's "smart" products depend on complex networks of partners. But few companies know how to manage these networks effectively.
Video
July 14, 2020
The Evolution of Collaboration
Companies used to work primarily one to one with another companies, but that was ten years ago. To create products today, Niki Lang says that companies need to have an array of partners.
Video
July 14, 2020
How Digital Ecosystems Create Value, and How They'll Change in the Future
Digital ecosystems are reshaping industries. For them to prosper, companies must create the right types of agreements with participating members and craft strategies for attracting the most sought-after talent.
