Vinnova (Sweden’s innovation authority) is one of the aauthorities tasked with implementing the initiatives that Smart Industry contains. Sweden has had the “Smart Industry” initiative since 2016, which aims to strengthen the manufacturing industry in Sweden. The countries with a larger domestic industry have almost always a national agenda that includes government initiatives to help the industry become more efficient through digitalisation.
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The one who digitizes manual data and interfaces that do not add customer value the fastest, has the best chances of success.
If market shares are to be taken, the digitization work must permeate the entire company. Today, some digitalisation is required just to remain on the market.
If you as a company see the Fourth Industrial Revolution / digitization (and all new technology it includes) as a threat or an opportunity, is linked to the company’s general attitude to change.Īn “early adopter” of new technology receives a significantly better return on its investment than a company that waits and is forced to make a larger effort later in order to not become completely outcompeted. The difference today is that the rate of change is significantly higher and an active effort is required to keep up with developments. This is nothing new in the manufacturing industry where we have digitized ever since the drawing board was replaced by 2D CAD. Digitization refers to the transformation from analog to digital representation of information in order to streamline your work.
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