Toward a Better Understanding of Open Ecosystems: Implications for Policymakers

By: Feng Zhu and Carmelo Cennamo

Format:Print
| Language:English
| Pages:34

Abstract

The digital realm is undergoing a significant transformation, marked by the emergence of platform business models and the concept of open ecosystems. This paper delves into the intricate nature of ecosystem openness, underscoring the point that the openness of ecosystems must be understood more as a spectrum than a mere binary state. We then discuss the benefits and challenges associated with open ecosystems. The discussion also highlights the role of centralized governance to ensure ecosystems’ sustainable and effective functioning. Furthermore, we discuss our study’s implications in the context of emerging technologies such as large language models, XR, and quantum computing. We conclude by discussing the implications for policymakers.