In today’s special Cloud Wars Live podcast, Bob Evans and senior vice president and tech practice lead, Standing Partnership, Ashlyn Brewer discuss the rise of industry-specific applications and the role of ecosystems in the tech industry.
Challenges and Strategies in Tech Industry Ecosystems
The Big Themes
- Industry-specific applications: The tech industry is witnessing a significant shift towards industry-specific applications and the importance of ecosystems. Tech vendors are grappling with challenges in aligning their strategies with the evolving landscape, where industry expertise and partnerships play pivotal roles.
- Strategy sequence: Ashlyn outlines a four-point sequence for effective strategy implementation in the tech industry. This sequence is comprised of identifying growth drivers; crafting differentiated messages; cross-functional campaigns; and sales enablement.
- Generative AI impact: The rise of generative AI is impacting the tech industry’s approach to strategies and messaging. The presence of generative AI is creating accelerators in the market, lowering barriers to entry for new ideas and campaigns. As a result, tech companies should start implementing their strategies as early as possible.
The Big Quote: “You have messaging that’s so high level that it almost doesn’t say anything, or it says the same thing as everyone else. There are probably hundreds of businesses pushing out messaging about accelerating digital transformation, for instance. There’s got to be this middle ground in between [being] so technical, that it’s only attractive to a small handful of people and doesn’t break through and so high level that your eyes sort of glaze over, and it doesn’t capture attention. That is where we see the industry strategies and the partner strategies really helping.”
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