Introduction of Ecosystem in Technology

An ecosystem in technology is exemplified through platforms like Airbnb and Uber, which connect consumers and producers. These platforms facilitate transactions and interactions, enabling users to access services such as property rentals or rideshare offerings. The concept of ecosystems extends beyond these examples, particularly in the financial sector, where major banks and insurance companies are looking to create their own ecosystems by integrating third-party services and products seamlessly. This custom approach caters to the specific needs of the industries while enhancing the overall customer experience.