Technology Magazine September 2019 | Page 67

67 stakeholders — if , not unlike Zappa , they cross-referenced the source material already in their possession ? Thanks to cloud-based digital networks , many are discovering insights aplenty , reaping value from them , and extending their competitive advantage in the process .
Through digital networks , business leaders gain visibility into the interconnected operations of buyers and suppliers . These networks , powered by the cloud , offer transparency not only into traditional business metrics such as inventory turns , cycle times and utilisation rates , but also into socially relevant questions such as : does a potential partner have the governance structures in place to root out forced labour from its supply chain ? Has it established a track record of responsible stewardship of the environment ? What is its history of awarding contracts to firms owned by historically underrepresented groups of people ?
Armed with this newfound visibility , businesses can size up their potential trading partners on these and dozens
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