key takeaways from the event:
2. Establishing a digital strategy (including an API strategy) is of utmost importance.
3. When defining the strategy, it is critical to clearly identify the business outcomes we want to achieve (Revenue growth, product time to market, etc.).
4. How does an organisation engage in the API economy? It involves organisational changes. Firms need to think collaboration rather than competition. I should remind everyone here about the importance of aligning the organisation, culture, and stakeholders. Always underestimated.
5. As value chains fragment and industries converge new ecosystems are emerging. It is a fundamental shift in how we do business. The “network effect” inverts organisations, shifting production from inside the company to outside. For most firms, it is important to rethink how they engage with their ecosystem and align the organisation around ecosystem thinking.