Good examples show the way
Used in the right way, digitalisation dramatically improves the potential of companies to transform and improve both their customer offering and their contribution to positive development in society. Even more of them must act now to use digitalisation to improve their products or services in order to deliver greater customer value and increase the company’s and Sweden’s competitiveness. This is at the core of what we often call smart products, smart services and smart industry.
IVA’s Smart Industry project’s main focus areas are:
- The Smart Industry Enterprise Competition – recognising and rewarding good examples
- Enterprise forum and other platforms for experience and knowledge transfer
- Knowledge gathering and dissemination
- Dialogue and cooperation – both with other actors in the area and with industry
Partners and funding
IVA’s Smart Industry project originated in “Smart Industry – a new industrialisation strategy for Sweden” (Ministry of Enterprise, Energy and Communications 2015) and has been run since 2016 by the Royal Swedish Academy of Engineering Sciences (IVA). The project is expected to continue until the end of 2021. Funding is provided by: VINNOVA, Siemens, Scania, ABB and the Association of Swedish Engineering Industries. A number of companies and organisations are involved in the project: Automation Region, AB Volvo, RISE, iHUB etc.
More about IVA’s Smart Industry project
The ability of manufacturing industry in Sweden and its partners – not least SMEs – to take advantage of all of the opportunities offered by digitalisation is crucial for both their own and Sweden’s competitiveness.
Four out of five jobs are created by small businesses (0–50 employees) and they account for the largest percentage of tax revenue in two out of three Swedish municipalities. They are, in other words, essential for the Swedish economy. If they fail in their digitalisation transformation the consequences, especially in regions where SMEs dominate, will be obvious: fewer jobs and less tax revenue to fund healthcare, education and the care sector.
For the companies themselves, digital transformation involves radical, fast changes that will affect all parts of their organisation. Their success in taking advantage of the opportunities and overcoming the challenges in the right way may determine the direction in which the company moves through the value chain.
You can find information on this project in Swedish here. Most of the reports and materials published by the project are not translated into English, but you can find materials that are available in English below.