Industry Cloud is a cloud system that has been heavily customized to suit the needs of a specific industry to capture the business, operatory, legal, regulatory, as well as security, and other critical considerations. Besides, the primary emphasis of Industry Cloud is on vertical integration rather than a horizontal one. An Industry Cloud offers many advantages to companies such as Standardized configurations; Improved operational efficiency; Deeper customer engagement; Focused spends, and Customized holistic solutions. All these features help the organizations enhance scalability as it occurs within the constraints set by the policies of an industrial niche. Hence, ISVs need to have a well-carved out platform migration strategy to be able to do make the most of the emergence of industry cloud.
ISVs Moving Platforms to Industry Cloud: Why?
#1 Co-innovation With Partner Ecosystem
As the world is fast catching up with the technological developments and is expecting a lot more from their ISVs, harnessing the expertise of a proven digital transformation leader can be a successful way for businesses to avoid being disrupted. Partnerships and co-innovation are the way to go in order to bring disruptive business propositions for their customers. The ensuing innovation enhances partner and customer ecosystem capabilities by delivering a diverse network of expertise and best-in-class technologies and platforms.
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#2 Leveraging Partner Industry Solutions and IPs
Compatibility with other industry solutions can be an excellent selling pitch for ISVs when joining hands with an experienced partner. One of the IDC studies highlighted that partners that adopt an ecosystem business model would grow 50% faster over the next two years than partners who do not. Successful partners complement each other to expand their business & their capabilities and solve real customer problems.