From hi Tech & Industry Scandinavia, three trends that will shape the technology industry over the next several years stood out to us:
1) Product modular configuration
The way we develop products is changing. Companies are starting to design and manufacture products based on modular configurations. Through collaborative environments that use end-consumer information, companies will increasingly offer their clients a variety of possible solutions to meet their requests. In this regard, hi was filled with a wide range of production equipment and automation solutions with configurable materials and functions.
2) Access to user-generated data
One of the most commonly prioritized growth areas for companies at hi is related to the Industrial Internet of Things and its many components, including sensors, actuators, connectivity, real-time analytics, and managed services. The IoT unleashes massive amounts of information in real time through intelligent connected products, and this data is essential to understand customer behavior. To this end, some of the most technological firms have already developed platforms that allow them to access the data generated by their customers when they make use of their hardware and software.
3) Artificial intelligence to unlock value
Last but not least, the main trend that surfaced at hi was the use ofartificial intelligence (AI), and particularly how industrial devices collect and exchange data to generate such intelligence. AI allows products to sense their environment, to communicate, to understand complex situations and to quickly deal with them on their own, without the need of human interference. The potential for this new intelligence goes beyond anything we have imagined before, and its limits are still unknown.
This 3-day trade show left its mark on attendees, and we are certain it inspired them to look into their own companies and analyze how upcoming trends and technology will transform their businesses.