How to develop the use of business data.
Use digital technology to collaborate with other firms. Digital technology, such as cloud technology, makes it easier for your business to share data and create joint processes with suppliers, distributors and manufacturers, which can help to drive down cost and make business processes more efficient. As management consultant James Kerr says, you and your partners will need to have corresponding levels of technology and compatible systems to make collaboration possible. When choosing digital systems, you should consider their capacity for integrating across multiple platforms and multiple enterprises. Technology company IBM also has some useful advice on getting ready for a new era in B2B collaboration.