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DIGITAL is the competitive edge of future manufacturing

Finland has a surprisingly large number of world leading manufacturing companies in their market segments. Their future competitiveness lies on their ability to renew themselves and their business models proactively.
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The Challenge

The challenge is to make an overview of world leading digital technologies and new sustainable business models that provide competitive edge for manufacturing companies, to choose technologies and models that are most suitable for strengthening of Finnish manufacturing companies, and to make recommendations on next steps. New business models are based on e.g. real time data analytics and utilization of artificial intelligence (AI), utilizing industrial internet of things (IIoT), 5G, virtual collaboration networks, sensor technology, virtual reality etc.

The Motivation

@TechFinland companies are the backbone of Finnish wellbeing society. They create over 50% of Finnish exports, do 70% of private RD&I-investments and employ directly or indirectly every fourth employee in Finland. Streamlining, automatization and digitalisation of industrial processes is imperative for manufacturing companies to sharpen their competitive edge in the globalized markets. Business models are changing, and new value is created mainly from digital services connected with the products and from entirely new business models. Sustainability is also a key success factor of future businesses.


Contacts

Technology Industries of Finland

matti.mannonen@techind.fi

heikki.kuutti.uusitalo@techind.fi


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