Advantech’s first IoT Co-Creation Summit empowers global IoT industry chain with co-creation
Date: 11/2/2018 12:00:00 AM
Advantech (stock symbol: 2395), a leader in the global
intelligent systems market held the first Advantech IoT Co-Creation Summit at
Suzhou International Expo Center today (Nov. 1st). Over 5 thousand Advantech
clients and partners around the world attended the Summit. Together they
acknowledged Advantech’s introduction of the newest IoT platform structure
WISE-PaaS 3.0 and 32 IoT solution ready packages (SRPs) co-created with
software and industry partners. The event in itself will aid in the
software/hardware integration for various industries, connect and build a
complete industrial IoT ecosystem and value chain, and allow Advantech and
partners to officially step into the next IoT stage.
Advantech Chairman KC Liu stated that in view of the
IoT application characteristics diversity, extensivity, and fragmented market,
Advantech has assisted industries in integrating and connecting existing
hardware and software, and regards creating a complete industry value chain as
its primary task in IoT industry development. In line with this trend,
Advantech launched the WISE-PaaS platform in 2014, and over two years connected
the platform thoroughly from top to bottom, including services such as sensors,
edge computing, communications, PaaS platform, SRPs, and cloud service operation,
and creating a complete IoT supply chain.
Liu elaborates that for this chain to be fully
executed and for application landing population, the key of success lies in
adequate collaboration and integration between the platform technology supplier
and industry professionals to create standardized and replicable SRP products
with combined software and hardware systems. System integrators shall then
install the SRPs at the users’ site and perform subsequent maintenance, thus
completing a field solution and forming an industrial IoT supply chain.
Advantech’s business mode for advancement to this stage will be undertaken in
various ways: Previous hardware will still be operated by the profit center.
The WISE-PaaS software is the core of cores, but it shall be operated in
membership mode by the cost center with sharing as its target. As for SRP
software development and domain-focused solution integrator (DFSI) industry
professional company collaborations, they will each be performed as
co-creations or small investment joint ventures.
Allan Yang, Chief Technology Officer at Advantech,
said that within the fragmented IoT industry environment, Advantech has an
extremely large advantage in the current industry development with its solid
basis previously established in edges. Particularly as the WISE-PaaS IoT
software platform developed in the recent two years is more sophisticated and
has increased value, Advantech’s position in the overall IoT ecosystem is well
defined—its edge platforms and Universal IoT Cloud Solutions connect computing
energy providers, cloud service operators, SRPs, equipment users, and
manufacturers, constructing a complete industrial IoT supply chain. And to
accelerate the integration of software and hardware in each industry, over the
past year and more Advantech has prepared 32 IoT SRPs as below, to be
officially introduced at the IoT Co-Creation Summit:
Advantech’s proficiency with cloud data processing and
application development, coupled with partner expertise, forms a potent combination
of OT and IT that facilitates optimal data collection, management, and
analysis. Starting this year, co-creation projects in a number of fields were
undertaken with the participation of domain-focused solution integrators
(DFSIs). Advantech recently established a water treatment system, jointly developed
with GSD (China) Co., Ltd., and a CNC equipment remote operation service,
jointly developed with Yeong Chin Machinery Industries Co. Ltd. Both partnerships
demonstrate how industrial digital transformations, led by Advantech and its partners
through the co-creation model, offer innovative win-win IoT solutions.