For any Information Security vendor, building a solid and tight security ecosystem should be a top priority, a strategic initiative that creates a sustainable competitive advantage. After all, Information Security is a team sport.
So why do ecosystems so often take a back seat for many security vendors? Because it is hard to do well, and it is tricky to structure true win-win relationships.
In this series of blogs on The Art and Science of Security Ecosystems, we will make it easier for you as security vendor to understand drivers, critical success factors, and best practices so you can define, structure, build and manage ecosystems that will create value for your and all your partners.
2. There are many benefits for being a team:
As a team, we will be able to count on our partners, and they should be able to
count on us, to create massive value for all entities in the areas of product, sales, and
customer satisfaction. Specifically our partners will help us in these 5 goals.
1. Define a better solution faster and cheaper.
2. Build a better brand that rises above the noise.
3. Navigate complex customer environments and accelerate sales cycles.
4. Expand our addressable market and insert our products into massively scalable
and highly leveraged sales routes.
5. Benefit from easier and more successful product deployment and management
to improve customer satisfaction and pave the way for land and expand
strategies.
The best moment to engage with partners, to draft a core ecosystem and to initiate
a partner program is at the product prototype stage, when we can ask – will our
product help a partner solve their problem or will we compete against him? Will our
solution be MSSP ready, or at least will it be MSSP friendly? Will our approach create
or remove friction for key partners who want to integrate with it? Engage early and
get these answers.
There are 5 steps to building an ecosystem:
Although there are many nuances, details, known pitfalls and corresponding best
practices, there are main 5 steps in defining and building an ecosystem.
1. Define the strategy.
2. Articulate respective value proposition for all involved entities.
3. Decide between a flat or tiered structure, go wide or go deep.
4. Iteratively roll out a partner program that clearly specifies expected roles and
responsibilities, and incentivizes desired behaviors.
5. Bake metrics throughout your organization to measure and track progress.
In summary, there are the 5 key takeaways:
There are 5 key takeaways that we will elaborate on.
1. Innovation is now moving to the area of ecosystem because just having a good
product is not good enough.
2. The end-to-end model for customer satisfaction about your product involves
many third parties, work closely with them.
3. Engage early with your partners, at the prototype stage, and iterate.
4. Always keep in mind what value you create for your partners so it is in their best
interest that you succeed.
5. And measure, measure and measure so you understand how all of these pieces
work together.
This blog is an introduction to the series of blogs on The Art and Science of Security
Ecosystems. For more information, please reach out to gorka@expand.solutions and
visit https://www.expand.solutions/blog