Specialty Digital Business Platforms are Flourishing
Blog: Jim Sinur
Digital Business Platforms (DBPs) are springing up worldwide because of the need for more combined functionality that works seamlessly together for the business professional. While there are still many richly featured/complete business platforms out there that are thriving well, there is also an explosion of specialty digital business platforms that focus on outcomes that are immediately appealing to organizations. This post will try to identify and describe the business-focused digital platforms instead of technical and infrastructural digital platforms. I have found 10 of these categories so far that I have described below. I give some example vendors, but my lists are not exhaustive. Click on the names of the vendors if you wish to link to their web presence.
These DBPs bring together as close to fully functional digital features that typically business function for core transactions, business process for automation combined with friendly customer/employee experiences, analytics/AI for the added insight, low code data integration (aka Fabric/Mesh) and development and a comprehensive internet of things (IoT) with digital twins. These first started to emerge in 2015 and rapidly grew with the digital transformation emphasis. They bring the advantage of holistic and integrated platforms that need little augmentation. DBPs put the integration of many silo technology stacks in the rearview mirror. The degree of integration quality and the amount will vary by vendor. Please see one of the first posts on DBP with one of the first illustrations to reach the light of day by clicking here.
Example Vendors Include:
Specialty Digital Business Platforms
Specialty DBPs combine/integrate two or more needed technology silos for significant benefit to organizations in their digital transformation journey, even if it is only a portion of that journey. The key driver for these decisions is often tactical to deliver a sorely needed set of business outcomes as quickly as possible. They are not necessarily aimed at becoming an all-inclusive DBP, but they can play a role in creating their own all-inclusive digital business platform.