For many IT managers, the move to the cloud is primarily intended to provide an alternative to the existing on-premises infrastructure, which brings more flexibility, greater efficiency and, last but not least, lower costs. However, the real goal of cloud computing and digitization is not simply to transform the existing IT infrastructure into a new environment, but to enable information and knowledge to be shared and used even more effectively between all those involved in the business process. Because the more the cloud is geared towards the entire ecosystem around a product and the more employees, customers and suppliers are involved, the greater the benefits of digitization.
Shared intelligence” creates a completely new understanding of business. Because those who share their knowledge with all those involved receive more feedback on current events and faster reaction to market changes as a return on investment.
Shared Intelligence” creates a positive control loop, which above all makes digital business models possible by involving all partners involved. According to 83 percent of all managers surveyed in a recent study, digital business processes can only be realized if the partners in the value-added process are involved and have a common level of information. This is because digital offerings generally consist of service ingredients from several providers that must be coordinated with one another. As a result, almost two-thirds of those surveyed believe that the digital economy basically only benefits from partnerships, and thus even from opening up to competitors instead of shutting them off. “Shared intelligence” is one way of doing this.
Because where data is stored centrally in the cloud, from which knowledge can be gained with the help of artificial intelligence, all those involved can simultaneously draw from this information pool.