{"id":658233,"date":"2022-02-18T05:05:00","date_gmt":"2022-02-18T05:05:00","guid":{"rendered":"https:\/\/www.capgemini.com\/dk-en\/?p=658233"},"modified":"2025-03-19T05:58:39","modified_gmt":"2025-03-19T05:58:39","slug":"how-cross-industry-data-collaboration-powers-innovation","status":"publish","type":"post","link":"https:\/\/www.capgemini.com\/dk-en\/insights\/expert-perspectives\/how-cross-industry-data-collaboration-powers-innovation\/","title":{"rendered":"How cross-industry data collaboration powers innovation"},"content":{"rendered":"\n

How cross-industry data collaboration powers innovation<\/h1><\/div><\/div><\/div><\/div>
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Eve Besant<\/h5>
2022-02-18<\/h5><\/div><\/div>
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This article first appeared on ÎÚÑ»´«Ã½\u2019s Data-powered Innovation Review | Wave 3<\/a>.<\/strong><\/p>\n\n\n\n

Written by Eve Besant<\/strong><\/a> SVP, Worldwide Sales Engineering, Snowflake<\/strong><\/p>\n\n\n\n

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Innovation doesn\u2019t happen in a vacuum. The development of new products, services, and solutions involves input and information from a multitude of sources. Increasingly, many of these sources are not only beyond an organization\u2019s borders but also beyond the organization\u2019s industry. According to a 2020 research paper on cross sector partnerships<\/a>, \u201cCross-industry innovation is becoming more relevant for firms, as this approach often results in radical innovations.\u201d But developing innovations through cross-industry partnerships must involve coordinated data collaboration. \u201cFirms can only benefit from cross-industry innovation if they are open to external knowledge sources and understand how to explore, transform, and exploit cross-industry knowledge,\u201d the paper\u2019s authors noted. \u201cFirms must establish certain structures and processes to facilitate and operationalize organizational learning across industry boundaries.\u201d<\/p>\n\n\n\n

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\u201c<\/em>WE\u2019VE SEEN AN\u00a0INCREASE IN THE\u00a0NUMBER OF CUSTOMERS WHO WANT TO\u00a0COLLABORATE ON DATA\u00a0FROM OTHER\u00a0INDUSTRIES TO SPUR\u00a0NEW IDEAS.\u201d<\/p>\n<\/blockquote>\n\n\n\n

Examples of cross-industry data collaboration<\/strong><\/h3>\n\n\n\n

There is a multitude of examples of how organizations across industries have spurred innovation through collaboration.<\/p>\n\n\n\n