Industry consortia (like Industrial Internet Consortium)

Industry consortia, like the Industrial Internet Consortium, are groups formed by companies, organizations, and experts who collaborate to advance specific technologies or standards that benefit their industries. These alliances work together to address common challenges, accelerate innovation, and create guidelines that enhance interoperability and cooperation. By pooling resources and expertise, members can share knowledge, promote best practices, and drive the development of new solutions in areas like the Internet of Things (IoT). Ultimately, these consortia aim to foster growth and ensure that advancements serve the broader community effectively.