Industry Clusters make so much sense. Working with Industry Cluster data makes sense too – however, getting companies in your location to define the specific industry clusters they are in is challenging. Many companies define themselves in terms of which one or two NAICS codes best represent what they do, but that is hardly enough.
5G is here now – at least in some places – and its impact on industry clusters will be intense. 5G rollout plans by AT&T, Sprint and others will have a dramatic effect on which geographic areas are at a technology advantage versus those that are at a clear disadvantage. 5G services impact IoT, AR, VR, Big Data, and other internet platform and cloud technologies that, in turn, will impact most every industry. At Industry Building Blocks (IBB) we estimate that 5G technologies will significantly impact at least 7,000 of the top 20,000 global industries.
Since our 1st Industry Summit on Nov 28, 2018 which introduced the concept of Industry Clusters (to a sold-out crowd which gave rave reviews) the Southern Tier has moved to an industry-cluster mindset. Many people felt it was the best government-run conference ever because the industry clusters crossed political and jurisdictional boundaries and brought together many city, county and multi-county organizations that were rarely aligned with themselves or the objectives of the private sector companies.