For trend-conscious corporate executives in Japan, a connected world is not a distant future in the making but a reality.

A growing number of Japanese companies are waking up to the need to sharpen their business strategies and boost investment as the hunt for the next big thing intensifies.

The prospect of an aging Japan and a shrinking domestic market is also giving them the opportunity of pondering how they can help solve social and business issues as the country gravitates toward connecting everything from home appliances to cars and factories to the internet.