Digital Ecosystem: A Mechanism of Economic Organization of Enterprises of the Future
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Date
2023
Authors
Osiyevskyy, Oleksiy
Umantsiv, Yurii
Biliavska, Yuliia
Journal Title
Journal ISSN
Volume Title
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Abstract
Today’s era of massive accumulation of digital data allows tracking consumers’ digital footprints and market trends up to minor nuances, enabling new models for managing businesses. Today’s firms are interested in leveraging these processes, as they allow combining the analysis of changing consumer needs with the assessment of internal business processes. This combination forms a direct path from Industry 4.0 to the broader digital ecosystem as a model of economic organization. This article presents a holistic model of an enterprise's
digital ecosystem, describing its enablers, components, and internal and external environments. Furthermore, despite numerous advantages, one should not forget about risks at all levels of the digital ecosystem, as they carry varying degrees of threat to the enterprise. For the latter, we present a practical tool (digital ecosystem risk matrix) to protect the enterprise and preserve its resource potential.
Description
Keywords
digital data, managing businesses, Industry 4.0, digital ecosystem, article
Citation
Osiyevskyy O. Digital Ecosystem: A Mechanism of Economic Organization of Enterprises of the Future / Oleksiy Osiyevskyy, Yurii Umantsiv, Yuliia Biliavska // Rutgers Business Review. - 2023. - Vol. 8, No. 2. - Р. 175-194.