Strategy for the implementation of the IIoT in Europe
The new strategy for the implementation of the IIoT and growth of Advantech for Europe points to an income of 350 million euros in 2025. The company will accelerate the deployment in its current XXV year in Europe with a new model of co-creation with several partners that will also help to deliver the industrial IoT ecosystem (IIoT), and that will culminate in an industrial Summit scheduled for November 2018.
Advantech, a leader in global intelligent systems, revealed its European growth strategy as it enters its next phase of IIoT development. The company aims for revenues of € 350m throughout Europe by the year 2025.
The company is accelerating the deployment of branches throughout the region, to take better advantage of its 25 years of experience in the local industry. It is also adopting a new co-creation model to build the IoT industrial IIoT ecosystem and strengthen the influence of vertical domains. This will culminate with a Summit scheduled for November 1 and 2, 2018 in Suzhou (China), where a new vision for the next phase of IoT development will be developed together with industry partners.
Several divisions of Advantech's headquarters products are now fully connected with the leading European business teams, and the annual compound growth rate from 2014 to 2017 has reached 25%. Over the next three years, Advantech will seek to raise operating levels in the United Kingdom, France, Germany, Italy and the Netherlands; establish branches in emerging European locations to conduct business and provide technical assistance; and focus on key industries, such as automation of machines and factories, medicine, transportation and automotive, as well as expand deployment in Germany, the United Kingdom and the Netherlands.
To help with the company's IIoT implementation strategy and help various fields adopt intelligence solutions, Advantech will receive clients and partners a Co-creation Summit of the IIoT in November.
The summit will be held at the International Exhibition Center in Suzhou (China) on November 1 and 2, 2018, where the results of the cooperation with several ecological partners will be shown.