How—and Why—Industry Convergence Is Powering Innovation

What is industry convergence? Learn how industry convergence among disciplines, technologies, work processes, and supply chains has been driving innovation.

BY ALEX STERNARTICLES - MAY 6, 2021

What Is Industry Convergence?

Industry convergence stands for new connections emerging between previously unrelated technology areas, work processes, businesses, supply chains, and even entire industry sectors. Each new connection sparks innovation and can result in significant disruption.

The Oxford Learner’s Dictionary defines convergence as:

The process of moving together from different directions and meeting; the point where this happens
The process of becoming very similar or the same

This process of moving together can increasingly be observed in business. Industry convergence happens as technologies, processes, businesses, and industries blend into each other, to a point where they become the same. This is by no means a new phenomenon, but convergence is considerably affected and accelerated by digitalization.

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Source: Autodesk Redshift

Understand the role of product and digital platforms in Industrialized Construction through convergence

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