Sandvik AB – Digital Transformation Strategies
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Sandvik is embracing digitalization and automation by leveraging big data, analytical tools, robotics, and AI technologies as a part of its digital transformation strategies. The annual ICT spending of Sandvik was estimated at $227 million in 2022. A major share of this spending is earmarked for acquiring software, hardware, and ICT services from vendors. Sandvik is an engineering company that specializes in material technology and industrial processes. The company’s major offerings include metal cutting tools and tooling systems; mining and rock excavation equipment; stainless steel, special alloys, and titanium; furnace products and heating systems; and digital manufacturing solutions.
The Sandvik Digital Transformation Strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. Information included in these reports are sourced from a mix of our very own internal database and authentic secondary research links such as company’s annual report, presentations, press releases etc. The report covers overview of the company, its digital transformation strategies, technology focus areas, technology initiatives, technology introductions, investments, acquisitions, ICT spending among others.
Digital Transformation Strategies
Sandvik is embracing digitalization and automation by leveraging big data, analytical tools, robotics, and AI technologies to create new business opportunities and improve business intelligence. The company is focusing on new ways for people to interact with machines and to transfer digital instructions into physical products or equipment, enabling real-time decisions in the machining process. To this extent, Sandvik offers several digitalized solutions and services to optimize its customers’ operations pertaining to costs, productivity, and environmental impact.
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Sandvik Technology Theme Focus
Sandvik is utilizing number of emerging technologies including artificial intelligence, big data, cloud computing, IoT and robotic process automation to enhance operational efficiency and product offerings.
Sandvik Technology Focus
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Sandvik Technology Initiatives
Sandvik has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs over the past few years. For instance, Sandvik Mining and Rock Solutions introduced AutoMine Mapping Solution, an innovative product designed to maximize productivity and improve safety of autonomous vehicle navigation in underground mining operations by utilizing mapped data. AutoMine Mapping Solution enables vehicle to safely record an underground 3D environment to help increase productivity and efficiency in mining operations. The solution reduces the time and cost involved in manual mapping as well as enables a safer and efficient autonomous underground operating environment.
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Sandvik ICT Spend by Function
- Data center
- End-user computing
- Service desk
Sandvik ICT Spend by Function
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Sandvik ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- Local resellers
- ICT services providers/Consulting firms
- Specialist outsourcers
- Systems integrators
Sandvik ICT Spend by Channel
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Sandvik External ICT Spend by Segment
- ICT services
- Software (including Cloud SaaS)
- Hardware (including Cloud Iaas)
- Network and communications
Sandvik External ICT Spend by Segment
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Sandvik Digital Transformation Overview
|Total ICT Spending 2022
|ICT Spend by Function
|Communications, Data Center, Network, Application, End-User Computing, Service Desk, and Management
|ICT Spend by Channel
|Internal Development and Maintenance, Technology Vendors (Direct), Local Resellers, Telcos, ICT Services Providers/Consulting Firms, Specialist Outsourcers, and Systems integrators
|External ICT Spend by Segment
|ICT services, Software (including Cloud SaaS), Hardware (including Cloud Iaas), Network and communications, Consulting, and Others
|Technology Theme Focus
|Artificial Intelligence, Big Data, Cloud, IoT and Robotic Process Automation
This report provides:
- Insight into Sandvik’s technology activities.
- Insights of its digital transformation strategies and technology center & innovation program.
- Overview of technology initiatives covering product launches, partnerships, investments, and acquisitions.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets and major ICT contracts.
Reasons to Buy
- Gain insights into Sandvik’s technology operations.
- Gain insights into its technology strategies and innovation initiatives.
- Gain insights into its technology themes under focus.
- Gain insights into its various product launches, partnerships, investments, and acquisitions.
Table of Contents
- 1. Overview – Brief information about the company, its business divisions, and its financials
- 2. Digital Transformation Strategy – A summary of key digital strategies/implementation efforts of the company
- 3. Accelerators, Incubators, and Other Innovation Programs – Discusses the company’s key strategic units, innovation labs, incubation and accelerator programs dedicated to technology innovation
- 4. Technology Focus – Lists the technology themes pertinent to the industry the company operates in and highlights the themes adopted by the company
- 5. Technology Initiatives – Discussion about all the technology introductions & partnerships the company has entered
- 6. Investment – Brief discussion about the investments made by the company to acquire new technologies
- 7. Acquisitions – Brief discussion about the acquisitions by the company
- 8. Partnership and Investment Network Map – A bird’s eye view of all the partnerships/investments/acquisitions that the company has made in the last 3-5 years
- 9. ICT Budget and Contracts – The company’s ICT budget segregated into hardware, software, and managed IT services
Frequently asked questions
What was the total ICT spending of Sandvik in 2022?
The annual ICT spending of Sandvik was estimated at $227 million in 2022.
What are the key ICT spending categories by function for Sandvik?
The key ICT spending categories by function for Sandvik are communications, data center, network, application, end-user computing, service desk, and management.
What are the key ICT spending categories by channel for Sandvik?
The key ICT spending categories by channel for Sandvik are internal development and maintenance, technology vendors (direct), local resellers, telcos, ICT services providers/consulting firms, specialist outsourcers, and systems integrators.
What are the key external ICT spending categories by segment for Sandvik?
The key external ICT spending categories by segment for Sandvik are ICT services, software (including cloud SaaS), hardware (including cloud IaaS), network and communications, consulting, and others.
What are the key technology themes in focus for Sandvik?
The key technological theme in focus for Sandvik are artificial intelligence, big data, cloud, IoT and robotic process automation.
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