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As the need for industry and use case specific ecosystems grows in high-growth markets like Automotive, XP, 5G, and AI – chip manufacturers must assume a software mindset, building and configuring a software-driven ecosystem and business model to take their business closer to the cloud and creating an “full-stack” solution.

In a highly personalized world, niche is now the norm – even when it comes to software. Software providers must accelerate their build of Industry specific solutions.

This shift requires an evolution of every aspect of the organization, including the way it sells, markets, organizes, and partners. But software players can also accelerate industry solutions and industry clouds by putting more resources into ‘core’ Industry-specific software development.

When platforms meet devices, new business opportunities emerge. Platform companies must extend the boundaries of their existing business to include innovative services and use cases that will open new markets and attract a broader customer base.