Promoted content: Five tips for building an ecosystem of partners for Industry X.0

The pace of technological change and breadth of expertise required in today’s industrial landscape mean companies operating in isolation will struggle to be competitive. A successful future means integrating with partners in a collaborative ecosystem.

Industrial businesses understand this and we have seen more and more collaboration with new partners, including start-ups. But the results often disappoint. A better understanding of ‘open innovation’ is needed.

Take one of the current industrial mega-projects that we will all have heard a lot about: autonomous vehicles. The success of this new industry depends upon car manufacturers, software developers, service providers, civil engineers, city planners and governments. Without any one of these players within the ecosystem, the project will fail. Faurecia, a leading automotive technology company, has teamed with Accenture to develop a “digital services factory”, allowing collaborative working with its ecosystem partners. This gives Faurecia the best capabilities and resources to develop flexible, next-generation services for Original Equipment Manufacturers (OEMs). More importantly, Faurecia can tailor hardware and digital services to an OEM’s needs, helping them to focus on their customers as much as their cars.