KC Liu, founder and CEO of Advantech, the Taiwan-based electronics company, has always been a sort of philosopher/businessperson. Over the 20 years or so that I’ve followed the company several books have added to my library thanks to him. The company continues to build on its base of Adam I/O modules and industrial computers. But Liu continues to conceive new strategies and technology directions to keep the company fresh and interesting.
On Tuesday, Sept. 22, yes, the first day of autumn, I sat in on a global press conference at 6 am my time followed by a few hours of presentations. And, once again, the companies that provide the infrastructure for virtual conferences and the companies that use them deserve commendation for well-planned and executed events.
Data, cloud, app marketplace, ecosystem, partners, Platform-as-a-Service were key concepts as executives explained where Advantech plays in the IoT market—industrial, smart cities, and more.
“Agile innovation in the area of the Industrial Internet of Things (IIoT) will be the key in driving forward digital transformation in industrial applications into 2021 and beyond,” said Advantech IIoT President, Linda Tsai, to more than 2,000 delegates at the company’s first ever global IIoT Virtual Summit, entitled ‘Connecting Industrial IoT Innovation’.
Ms. Tsai explained: “Figures from IDC suggest that by 2025, there will be 41.6 billion IoT devices in use worldwide, generating 79.4 zettabytes of data. Connected devices will pervade every aspect of our personal and business lives, and a complex mix of technology and infrastructure will be more crucial than ever to harnessing the power of the data generated by these devices.
“As a leader in embedded computer systems for industrial applications, Advantech is leading the way in developing more powerful edge computing solutions which are compatible with all types of IIoT devices as well as data centers and cloud providers and can aggregate these vast quantities of data, allowing users to optimize operational effectiveness in their facilities.”
Much of Advantech’s pioneering work in this area centers on its strategy of co-creation: collaborating closely with systems integrators and developers to create edge solution-ready platforms (Edge SRP’s) or IApps (Industrial Applications) to make digital transformation as rapid and simple as possible. Advantech can support optimization in areas from iFactory to industrial equipment manufacturing (IEM), industrial AI, smart automation, transportation, energy & environment and iLogistics.
Ms Tsai went on to identify six key technology trends for 2021: digital transformation, 5G, decoupling, device-to-cloud digitalisation, empowered edge and artificial intelligence (AI).
“According to the GSMA Mobile Economy 2019 Report, 5G will contribute more than US$2 trillion to the global economy up to 2035, of which 35 per cent will go to the manufacturing and utilities sectors. Meanwhile, research from MarketsandMarkets estimates the value of AI in the manufacturing at US$17.2 billion by 2025.
“Advantech has developed an extensive portfolio of AI platforms including edge AI systems, sensors and inference servers, as well as deep learning training servers, to assist customers in exploiting the potential of AI. Meanwhile, in the area of device-to-cloud, we are again at the forefront of innovation, with solutions including private cloud solutions, industrial APP, edge intelligence software and cross-platform middleware – all specifically developed to combining optimised computing with robust and reliable performance in even the most demanding environments.”
“There is no getting away from the fact that digital transformation will impact every manufacturer in the world in the years to come, and harnessing the power of data will be critical to competitiveness as we move from Industry 4.0 and towards Industry 5.0. Our global Summit has brought together partners from across the world to find the best ways to collaborate and exploit the power of new and emerging technologies, to optimise efficiency, performance and commercial success.”
Jash Bansidhar, managing director of Advantech Europe, added: ““The macro strategy of driving Industrial IoT development through the adoption of AI, 5G and edge computing is central to the further adoption and exploitation of IoT technologies. Our mission continues to be to work with ecosystem partners to deliver sustainable success in the post-pandemic era.”
