DALLAS–Craig Bachmann, senior director of open digital/IoE at TM Forum, opened up the internet of everything track of TM Forum Innovation InFocus this week with a talk titled “Forum InFocus: Enabling an open digital ecosystem.” TM Forum is finding that enterprises are questioning what their roles are in IoT, and asking ‘How can I connect all types of products, services and features in a way and at a scale never done before.’
“This is a significant change, very few people have been trained to do this,” Bachmann said. “Very few people know how to put together ecosystems.”
According to Bachman, there are four main ways to build an ecosystem for the internet of everything (EoT):
- Connect people, processes and systems in a massively scalable way to solve a long tail of problems
- By optimizing ability to participate in an ecosystem of partnerships that can scale predictably and drive innovation and monetization
- Evolving partner relationships to form repeatable and consistent processes and approaches to on-boarding new partners and sharing information
- Developing best practices for partnership toolsets and guidebooks for digital services and IoE applications.
This allows enterprises to effectively and efficiently monetize and manage IoE ecosystems to grow revenue, lower costs and provide better transparency into risks as the market evolves.
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