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At one time, some industry exchanges were expected to be worth more than their parent companies.
The redundancy issue is likely to confront other industry exchanges soon.
BUZZ: One of the most well-known and well-funded industry exchanges, with $72 million from notables such as FedEx, Dell and Hummer Winblad.
In order to create industry exchanges where goods can be bought and sold, Kurnit speculates about partnering with software firms, which make the programs that runs such exchanges, or partnering with successful exchanges that are already up and running.
"We believe Oracle's involvement in industry exchanges firmly entrenches the company in the middle of the B2B [business-to-business] world with its industrial strength software and services," says Melissa Eisenstat, a research analyst with CIBC World Markets.
"EBay will become the kind of exchange that so many other companies tried to build," says Scott. "Companies will use the API to create a link to a part of eBay's network where [they] can do business, instead of trying to develop industry exchanges with competitors".
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I talked to followers about the industry, exchanging experiences and looking for inspiration.
In industry, exchanging cards is much more common than handing over a CV or résumé.
Example: The Covisint auto industry exchange will strip 10% out of the cost of a car.
Companies continue to discover new value in cross-industry exchanges, combining forces to monetize datasets to improve services, reduce fraud, attract new customers or meet regulatory requirements.
Additionally, 15 presidents and provosts of local institutions work with the pipeline to inform curricula, scale proven programs, address skill gaps, and promote faculty-industry exchanges.
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