Corporate Digital Ecosystems: Common and Special Features

Abstract

The issue of creating corporate digital ecosystems at present becomes increasingly relevant, since it is this format that provides business with the necessary competitiveness in the context of digital transformation of the financial sector and the economy as a whole. Most of the researches focus on the experience of large banks and companies in information technology and telecommunications industries, as they are actively developing their digital ecosystems, leading in size and growth rates. The purpose of this article is to systematize theoretical approaches and existing practical experience in creating digital ecosystems by medium-sized companies from the banking sector and other industries. Digital ecosystems are still mostly created based on the materials of digital giant companies or other large business entities. At the same time, there is an urgent necessity to reformat business models of many medium-sized businesses into digital ecosystems, and many industries already have the similar experience. Observing this experience, understanding and searching for patterns will allow companies in different industries to form digital transformation strategy. It is necessary both to realize the advantages of creating digital corporate ecosystems and to understand the range of possible directions for further development for effective reformatting of the banking system.