A small startup textile company and BAE Systems winning a contract to provide the US Department of Defense with a few million dollars worth of “smart” uniforms.
A car company and a hi-tech device and app company (yes, Apple) possibly partnering around batteries.
Social needs-focused and micro-loan visionary Grameen Bank partnering with BASF, Adidas and Danone to deliver low-cost, innovative products for money and social good.
Technology and the new world of information visibility are bringing together industries and companies considered disparate a decade ago. Wearables – clothing with embedded technology – are combining traditional clothing companies with high-tech supply chains and software development companies. Indeed, it seems our voracious demands for data collection is driving app development and connectivity options for most activities in life and work.
If you are not already considering how your business might connect with other industries, you should. You may have heard people say that now “every business is a digital business.” While this may sound extreme, regardless of your business, you should consider how to weave technology into your core business and use it to create innovative partnerships. Your competitors are.
How you integrate technology into your business depends on your business. However, we can identify some key areas where technology should be considered and can lead to expansion, improvement or disruption.
Still not sure how technology plays in your business or cross-industry opportunities? Look at Intel’s “make it wearable” incubator program, a push to drive this type of thinking. Consider Copenhagen Wheel’s reinvention of the wheel, something we were all told not to do. Think differently. Perhaps entertain the notion of an unlikely partner.
 Information visibility generally refers to the process of collecting and sharing data. In context of the Internet of Things and the web, this definition describes the availability of much collected data on objects, people and actions. In addition, this term has been used to refer to the requirement of supply chain sharing of critical data.
 Many articles have been written on big data. Some of the better include the more IT-focused Gartner posting clarifying the concept of “3Vs” originally put forward as early as 2001 by META and the more business-oriented article “Big Data: The Management Revolution” by Andrew McAfee and Erik Brynjolfsson in the October 2012 Harvard Business Review.