We live in a networked world. As consumers, we tap into personal networks like Facebook, Twitter and Amazon.com that help us learn, share and shop better. And this is changing the way that we do business. Leading companies are now leveraging digital networks to more efficiently engage with their trading partners and collaborate across the entire commerce process. And Ariba, Inc. (Nasdaq: ARBA), the world’s business commerce network, is leading the transformation. Bob Calderoni, the company’s Chairman and CEO, today unveiled the Networked Enterprise – a new, connected way of operating that will drive the future of business commerce - at Ariba LIVE 2012, the business commerce event of the year being held this week at Caesar’s Palace in Las Vegas.
“There is a real and severe pain that exists in business today: the pain of inefficient commerce. And it’s costing business hundreds of billions of dollars each year in missed sales opportunities, higher operating and supply chain costs, and slower cash flow,” Calderoni said. “And when a pain like this exists, it’s time for technological innovation and a new business model.”
At its core, the Networked Enterprise is all about relevant connections and efficient collaboration. “Businesses realize that they can no longer be competitive on their own,” Calderoni said. “With supply chains that stretch around the globe, they are more reliant on external partners. And as a result, sharing information and coordinating processes is critical.”
Business networks provide an easy way to link and coordinate a virtual ‘extraprise’ of partners into a shared community executing improved and coordinated processes in a more informed way than in the past. And with increasing frequency, companies are tapping into them to enable a new, connected way of operating.This shift is being driven and accelerated by trends like cloud computing, mobility and the convergence of enterprise applications, social media and communities.