From business ecosystems towards digital business ecosystems

This paper is an introduction to Business Ecosystems and its improvements as represented in Digital Business Ecosystem. In traditional non-digital economic ecosystems, the hubs, once established are static. It is difficult to create new hubs and as such these established hubs enjoy considerable power in the marketplace. Indeed, in many instances, these hubs become the main impediments for the growth of smaller nodes. In other instances, they try to misuse their powers by creating monopolies or oligopolies. In contrast, it is hoped that Digital Business Ecosystems, by virtue of their loosely-coupled and self-organizing properties, will help Small and Medium Enterprises to create a fully distributed network, sidestepping the above mentioned problems of dominance of the large hubs in the market. The authors try to provide a brief introduction to Business Ecosystems and focus on the reasons and advantages of such a move/transition towards Digital Business Ecosystems.