Tampere, Finland 19 December 2017 – Leading Finnish companies are joining their forces to refine new products and services out of data. Companies have already digitalized data related to their supply chains. The vision of the Connected Industry Ecosystem is to transform rapidly increasing data into creative new business, bringing radically added value to customers. The Connected Industry Ecosystem involves 10 companies including Fastems.
Digitalization moves the value chains of manufacturing industry towards networks, where people, products, appliances and services as well as production systems and communities are seamlessly connected. Next, the producers and manufacturers of machines and appliances, software and applications, services and products will create value through combining physical resources and resources for services. Competition will shift from individual products and services towards value networks built around the needs of the customers.
Key actors in the Connected Industry Ecosystem are Cargotec, Fastems, HT-Laser, Konecranes, Nokia, Ponsse, Prima Power, Raute, SSAB and Tieto, all leading companies in their own fields. In the ecosystem the companies combine their forces and share their data to develop radically new business, where customer needs are in the core. Artificial intelligence is applied to companies’ activities and platforms and standards are built to enable data sharing between the participants.
“Digitalization and data utilization enable the manufacturing industries to take a huge leap in productivity”, says Tomas Hedenborg, CEO of Fastems. “The world is gradually moving towards outcome economy where ecosystems bring pre-eminent value with high development speed. Fastems wants to take part in this development and make sure we can provide world-class expertise to our customers in the future as well.”
The ecosystem is funded by the participating companies and Tekes.
-Connected industry – turning digital into practical-
For further information, please contact:
Harri Nieminen, Director of Innovation Development & Research, Fastems Oy, e-mail email@example.com, m. +358 50 568 5081