Are you ready for the perfect stormConvergence of all the ground breaking new technologies are forming the perfect digital storm for all kinds of industries. Some of the IT and business leaders will use this storm to blow their sails and get ahead of competition, while others will struggle to keep their boats afloat. Leaders of an industry as old and established as manufacturing have even a bigger challenge with their large, legendary but yet legacy systems they navigate.

Can trends in technology impact a manufacturing industry as old as textile? The answer is absolutely yes and the impact shows many similarities with other B2B and manufacturing sectors. New technologies not only enable new products and capabilities for value creation and competitive advantage, but also offer great opportunities to transform legacy systems and processes for continuous improvement.

IoL (Internet of Lives) may sound like a futuristic concept from a science fiction movie where all the living things are digitally connected. Sadly, it looks inevitable today with the pace that technology is integrating into human beings’ and animals’ bodies with wearable technologies and embedded chips. However, IoT (Internet of Things) is already here, part of our lives and it is here to stay. Regardless of the business you are in, there can be numerous ways where IoT technologies can be utilized to create value or competitive advantage.