Large multi division corporations have the potential to pursue each potential customer using bottoms up collaboration. DowDuPont is used as an example of how McIlvaine recommends this opportunity be maximized. DowDuPont is separating into “three intended strong companies which will be better positioned to reinvest in science and innovation, solve our customers’ ever-evolving challenges, and generate long-term returns for our shareholders,” according to Ed Breen CEO of DowDuPont. A major initiative will be to capture the synergies to unlock value. Breen continues “With clear focus, market visibility and more productive R&D, each intended company will be equipped to compete successfully as an industry leader.” The challenge is to overcome a global business structure which is filled with silos, fiefdoms, and disorganized approaches to making purchasing decisions. There is much discussion and accelerated leveraging of the Industrial Internet of Things (IIoT). Even though subject matter experts are thought to be important to the success of IIoT, there has been little effort to interconnect knowledge and people in an organized way. The needed structure is the Industrial Internet of Wisdom (IIoW). Click Here For Complete News Release Text
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