Briefing June Supplement: Time to be ecosystem-friendly

Technology giants have appeared over the years – Amazon in 1994, Netflix in 1997, Facebook in 2004, Twitter 2006, Uber 2009, and so on. These leading internet-based companies share one commonality.

They are used as the base upon which other technologies and processes are developed. On its own, Facebook offers the ability to connect with friends. As an ecosystem of interconnected applications – Instagram, App Centre, Spotify, Twitter, Messenger, Whatsapp – it becomes something much more, and appeals to a broader demographic.

While Facebook doesn’t have much to do with legal technology on the face of it, it has – along with these other tech giants – set the pace of change across all industries.

Integrated tech – the ecosystem approach

The ecosystem approach means building a platform for success by running a series of complex, interconnected best-of-breed solutions to address your individual firm’s business needs.

Technology objectives such as smart working, cloud and information security all feature prominently on the agenda for firms in 2018/19. But drilling down deeper, it is clear there are four broad areas that a firm’s clients consider important – people, finance, trust and business development. Running interconnected solutions not only helps firms to meet their technology objectives, but assists in demonstrating their capabilities in each of these key areas.

Read the full supplement in Briefing June.