Strategy
According to the vision defined in 2015 and the "blueprint for the development of AIoT Internet of Things", Advantech regards AIoT as the engine of future industrial growth. Also, we have transformed the Company from a manufacturer of industrial computers into a provider of industrial IoT terminals, cloud solutions, technology suppliers and service providers through various innovative means. Currently, Advantech has an innovation mechanism including three categories and six projects for products, technologies, careers, and academic cooperation
Management Mechanism
Advantech's innovation mechanisms include product, technology, business, and academia collaborations. Under the leadership of the chairman and senior supervisors, Advantech‘s innovation mechanisms include three major categories and six types of implementation:
Advantech's blueprint for innovative development brings innovation and business development ideas to existing business units through the IMAX-C mechanism. It includes the cultivation of new organizations, the connection with external partners, the development of new products and new services, and the integration of internal resources. The other end of EBO is to explore new business opportunities, new markets, new technologies, and new businesses with low market maturity or beyond the scope of the original business. Also, these new opportunities are nurtured in the development of Advantech. Among these two endpoints, A+X is a new product strategy that extends existing business groups from the perspective of market development. Meanwhile, it expands its business territory and uses high-level empowerment and cross-unit integration to achieve its goals. However, MCT/ TSU plays the role of core technology integration management under the footsteps of new products and new business innovations of these business units. In the direction of industryuniversity co-creation and Innoworks blueprint development, new ideas are stimulated through university-research cooperation, including the new generation's ideas for the future Internet of Things and product concepts. It is beneficial for Advantech to enter AIoT integrated applications and services, and to do early thinking and exploration.
This innovative mechanism fosters new business units and launches new products every year. In addition to winning awards, it has also created outstanding business achievements, allowing Advantech's core business to grow rapidly through mainstream trends and innovations in leading R&D technologies. Through internal innovation projects, the effects and trends of innovation are examined, innovative product development is stimulated, and product strategies are adjusted at any time.
Innovation Effectiveness Management
Different effectiveness indicators are given depending on the nature of the issues that each mechanism focuses on to ensure that innovation measures and mechanisms can maximize their benefits. Each innovation mechanism has its own defined goals (KPIs), conditions for achieving them, and follow-up actions. For example, the number of industry-academia research projects has been set, and a certain percentage of the outcomes has been set for technology transfer or continuation of cooperation with business units. For another example, in product innovation and industrial design, additional rewards are provided, and the revenue generated by new products after commercialization are tracked; for the EBO mechanism of business innovation, senior supervisors form an executive committee, give substantial support to the planning or results of innovative businesses and business models, and track the business development results of business units.
