Technology ecosystem – A model brings digital transformation to success

Lina Network

October 14, 2020

In the past 10 years, leading enterprises in the world such as Amazon, Google, Alibaba, etc. have had strategies to build mining ecosystems and share data together to maintain and develop their advantages to compete with other corporations. So, what is the ecosystem that these corporations focus on and develop how they orient their business plans in the digital transformation process? Find out through Lina Network through the article below.

> Read more 05 pros of digital transformation in 4.0 industrial revolution 

What is the business ecosystem?

A business ecosystem is a network of organizations, including suppliers, distributors, customers, competitors, government agencies, etc, involved in the delivery of a product or specific services through competition and cooperation. Every business component in the ecosystem affects and is influenced by others, creating a relationship that grows constantly. 

Power from the technology ecosystem model

In recent years, the business world in Vietnam increasingly has referred to the term “technology ecosystem“.

For example, you are running an online pet supplies store. The main items are pet food, snacks, toys, beds, accessories, cat sanitary sand, dog harness, etc. To manage your daily customer base, you may need an online tool to run your store, as well as a payment gateway to process customer payments, and accounting software to track the current amount of guests, the financial per month, email marketing application which is for sending newsletters to customer mailboxes, etc.

All of these management tools and applications are part of a company’s technology ecosystem model. This is to aim at providing employee-to-customer management benefits, simplifying and converting workflow numbers.

The term “technology ecosystem” can have many meanings. If you do a Google search, there are many definitions: it could be a collection of tech corporations in an area, like London or San Francisco. In the context of this article, a technology ecosystem is a collection of technology solutions that a given company uses to run its business, and how these solutions connect together. 

For example, if you use the Iphone, a product of the Apple technology ecosystem, you must use the iOS operating system to download applications on the AppStore store, store data on iCloud with devices such as Apple Watch, earphones. Apple is a very successful technology ecosystem of one of the world’s leading technology brands. Currently, it is the role model of the most prominent technology ecosystem in the world like Google, Microsoft with many related fields that integrate from daily life to work.

In a simpler definition, a technology ecosystem is a network of services closely linked units built on the same platform, creating products and services for mutual development.

Apple is constantly expanding space for software developers on the App Store application. Social network Facebook brings people together in the easiest way and provides businesses with advertising tools to reach potential customers. Google is ambitious to connect almost everyone in the world in hundreds of different ways through Gmail, Youtube.

These are examples of technology ecosystem models that world-class corporations actively apply to realize the dream of “global in a technology ecosystem”. For small and medium enterprises, building a thriving ecosystem is a success factor in the digital transformation 4.0 technology.

Grab and the ambition to become a technology ecosystem with multi-services

In recent years, the thought of building a corporation with a technology ecosystem as the foundation has become a trend that many 4.0 businesses aim at.

Ankur Mehrotra, CEO of Grab, was still emotional when he spoke about the importance of drivers sharing opportunities for those who have not a car of their own. Grab is a multi-service and financial ecosystem that serves 630 million citizens in Southeast Asia and has expanded from car sharing and food delivery to lending and insurance.

Ecosystem ambitions

Grab has an ambition to be a part of everyone’s daily lives, with its commerce and payments ecosystem stand out. “Ecosystem” is one of the most common words in commercial and digital payments today. However, for Grab, the “ecosystem” is no stranger because Grab has been a pioneer in dominating payment methods and e-commerce in the most densely populated region in the world. Southeast Asia is expected to have the fourth largest economy in the world but still up to 70% of users do not own a bank card, lack access to credit loans to be able to improve their finances in life. 

Lina Network is a pioneer in the application of 4.0 technology – Blockchain – to connect more closely and offer digital transformation solutions to solve business problems of enterprises and outstanding problems in public management. With the Lina Review, Lina FarmTrust, Lina MarketTrust, Lina MediTrust and Lina eGovernment apps, we look forward to being a part of every Vietnamese consumer life, from food choices, product choices and security services to healthcare and improving the electronic identity system of public administration.

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