Summary: Digital business ecosystems (DBEs) represent a transformative shift in business operations, replacing traditional value chains with interconnected networks driven by technology. These ecosystems facilitate cross-industry collaboration, streamline processes, and enhance customer experiences, particularly in sectors like mobile banking. DBEs thrive on advanced platforms enabling real-time stakeholder interactions, fostering sustainability, and supporting innovative practices. However, challenges such as data privacy, cybersecurity, and regulatory compliance demand robust governance. Future advancements, including AI, blockchain, and IoT, promise to enhance DBEs’ efficiency, connectivity, and value creation across industries.
A critical development in modern ecosystems is the integration of a unified digital environment across various economic sectors, including banking, trade, logistics, and customer services. In the digital era, conventional business collaboration networks have transformed into a new ecosystem characterized by cross-industry, mutually beneficial interactions. Thus, digital business ecosystems (DBEs) typically involve diverse, complementary firms working together to achieve a common value proposition. A study highlighted the importance of DBEs in providing support for sustainable business models. Similarly, research shows promise in enhancing sustainability within DBEs. Therefore, further study is needed to determine the influence of DBEs on mobile banking adoption.
The digital business ecosystem is not just about adopting new technologies; it signifies a fundamental shift in how businesses operate and interact. Traditional value chains are being replaced by interconnected networks where technology acts as the central enabler. This interconnectedness fosters collaboration, innovation, and the ability to respond swiftly to changing market demands. Mobile banking adoption in DBEs often leads to streamlined processes, improved efficiency, and enhanced customer experiences, making it a vital component of modern business strategies. One of the distinguishing features of DBEs is their reliance on advanced digital platforms that facilitate seamless interactions among stakeholders. These platforms enable businesses to integrate their operations, share data securely, and collaborate in real time. For instance, logistics firms are leveraging digital platforms to optimize supply chain operations, while financial institutions use them to enhance payment systems and customer interactions. Such platforms not only increase operational efficiency but also create new avenues for…
