Digital transformation is now a major strategic focus for organizations of all sizes.But, "transformation" is not an end state-it is literally the process of becoming something else.So what exactly are organizations transforming into as a result of widespread digitalization? The answer in our view is composite businesses.Composite businesses will create and monetize adaptable, intelligent, and highly automated business models built on the orchestration of millions of real time connections spanning people, systems, and things.However, controlling the huge complexity of this web of connections is beyond the capabilities of today's business and ICT practices, requiring more powerful tools, higher levels of automation, and the pervasive use of machine intelligence.To succeed, we must therefore build platforms that enable people to explicitly model, visualize, and control the highly complex distributed ecosystems underpinning the next generation of connected business models.This paper describes the four defining characteristics of future composite businesses resulting from digital transformation, the software being developed to support their implementation, and the way in which these software components combine to create a platform for composite businesses.
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