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Build your case by adopting ecosystemOS pilot
Infrastructure is a key driver and stabiliser of economic growth and prosperity. Roads, bridges, ports, hydro electric plants, fibre-optic cabling, etc. Without serious investment in infrastructure, no country can deliver sustainable economic growth, no country can lift its people out of poverty and take them to the next level.
Same applier to in the digital era, but most importantly connectivity counts and data is the new accumulating and reusable asset. However the value of any data can only materialize by refining it, using and most importantly making it flow effectively. It is impossible to imagine the country, sector, industry or area of endeavour that cannot benefit from digital infrastructure, and the services enabled by digital technology are economic growth drivers, job creators, talent magnets and big sources of exports.
Digitalisation changes the boundaries of industry domains. This makes understanding of value creation mechanisms in various industries critical as new digital business models depend more and more on platform solutions. Platforms enable effective scale-up of business and change the value chains of industries towards networked business ecosystems.
Therefore, and in the context of innovation and entrepreneurship, smart infrastructure towards effectively supporting business creators is key in order to provide, among others, to economic development financiers and governments with the intelligence and mechanisms towards building responsive business environment and facilitating access to finance for startups and SMEs in general. The availability of clear, standardised and timely data ensures that investors can assess the key features of startups, in particular their expected risk-return profile. It would also bring more effectiveness to startups and entrepreneurs, helping them navigating in the complexity of such multistakeholder environment. At the same time, governments and markets lack comprehensive, innovations-level, detailed and systematised data to make adequate and informed assessments. In order to address this deficiency, further work should be devoted toward developing data on long-term performance of innovations, together with the design of a standardised model for data collection.
Same applier to in the digital era, but most importantly connectivity counts and data is the new accumulating and reusable asset. However the value of any data can only materialize by refining it, using and most importantly making it flow effectively. It is impossible to imagine the country, sector, industry or area of endeavour that cannot benefit from digital infrastructure, and the services enabled by digital technology are economic growth drivers, job creators, talent magnets and big sources of exports.
Digitalisation changes the boundaries of industry domains. This makes understanding of value creation mechanisms in various industries critical as new digital business models depend more and more on platform solutions. Platforms enable effective scale-up of business and change the value chains of industries towards networked business ecosystems.
Therefore, and in the context of innovation and entrepreneurship, smart infrastructure towards effectively supporting business creators is key in order to provide, among others, to economic development financiers and governments with the intelligence and mechanisms towards building responsive business environment and facilitating access to finance for startups and SMEs in general. The availability of clear, standardised and timely data ensures that investors can assess the key features of startups, in particular their expected risk-return profile. It would also bring more effectiveness to startups and entrepreneurs, helping them navigating in the complexity of such multistakeholder environment. At the same time, governments and markets lack comprehensive, innovations-level, detailed and systematised data to make adequate and informed assessments. In order to address this deficiency, further work should be devoted toward developing data on long-term performance of innovations, together with the design of a standardised model for data collection.
Approach
(Building and maintaining data infrastructure for innovation ecosystems is crucial for the future of cities, regions and countries, developing a new economy that will transform societies forever, and like any infrastructure, there are always different involved risks, mainly associated to overcomplexity, poor execution, weakness in organisational design and capabilities, lack of early-stage resources for designing and planning.
At the same time, in the context matter, we have identified four factors that impact on the strategy that any ecosystem must adopt to implement a data-driven approach:
Therefore, with many angles to validate and learn, it is a priority to implement an approach that makes you take action (learning by doing) while keeping investment from your side as low as possible. Then, with more understanding and learning on your side, you can iteratively adopt the strategy for developing this data-driven approach by improving base solution step by step.
At the same time, in the context matter, we have identified four factors that impact on the strategy that any ecosystem must adopt to implement a data-driven approach:
- Illusion of alignment
- Data sharing among public and private organisations is not yet a common practice
- There is a high risk of replicating the efforts by implementing similar projects
- Lack of end-to-end understanding of value
Therefore, with many angles to validate and learn, it is a priority to implement an approach that makes you take action (learning by doing) while keeping investment from your side as low as possible. Then, with more understanding and learning on your side, you can iteratively adopt the strategy for developing this data-driven approach by improving base solution step by step.
Working Scenarios
Scenario A - Connecting online innovation entrepreneurship courses with local services
Scenario B - Connecting with global service
Scenario C - Proposing your own case
Scenario B - Connecting with global service
Scenario C - Proposing your own case
More Information
Should you have any questions, please contact us by e-mail [email protected]
