3min chapter

Thinkers & Ideas cover image

The Future of Competitive Strategy with Mohan Subramaniam

Thinkers & Ideas

CHAPTER

How to Make Money or Value Out of Data and Digital Ecosystems?

If you want to compete with data, industries are not enough. You have to think of your business environment as digital ecosystems. With legacy firms, I call them legacy firms because these are firms that have been around for a long time and they have great legacy behind them. In many ways the big advantage they have is that they have the proof of concept from these very successful tech firms. The issue now is for them or the challenges to synthesize those insights and find ways by which they can apply them in relevant ways to their businesses.

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