Connected Things, Connected Companies

GE Capital CIO Jim Fowler tells Forbes about a real-estate company in Tokyo that used the data on elevator traffic to different floors in their buildings to predict when people might be backing out of their leases or looking for more space. “If you think about buildings that are generating data that help us optimize that asset for a customer; we’re all about thinking of how we marry that up with the financial mechanism that we are giving to fund that asset,” says Fowler.

In other words, data from connected things can serve more than one business area. How do you encourage this type of cross-company collaboration?

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Elana Varon

Independent Contributor

Elana Varon is an award-winning editor with more than 20 years of experience writing about IT and facilitiating conversations among CIOs. Her coverage of technology, IT-enabled business innovation and the CIO role have been recognized by American Business Media, the American Society of Business Publication Editors and Media Business. As executive editor of CIO magazine from 2006-2011, Elana led a team of writers, editors and designers to produce the industry-leading publication for business and technology executives. You can also find her on Twitter, LinkedIn and at her personal blog, Cochituate Media.

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