Huang emphasized that in the internet sector, companies like Alibaba and Tencent have created an industry ecosystem through capital investment to increase profit and obtain market opportunities. Advantech has adopted a similar strategy, taking small stakes in and providing funds to partners, while delivering comprehensive resources and support, e.g., early access to projects, sharing of global marketing networks, and participation in talent training and innovation events. In this way, Advantech helps SIs evolve into DFSIs.
In the E&E sector, Advantech has already invested in the SI HwaCom Systems, and is discussing the possibility of investing in Anjie Services. It has also set up a DFSI joint venture for water and wastewater treatment with GSD Industrial, a subsidiary of GSD Technologies and a leading brand in environmental equipment. In the future, this joint venture will focus on the development of smart applications for wastewater treatment, water purification, and public infrastructure projects.
Based on his professional experience, Huang firmly believes that it is impossible for a single company to popularize IoT globally. He therefore expressed strong support for the co-creation model, adding that this model was one of the reasons why he joined the company. He said he was very confident that the strategy of co-creation would allow Advantech to play a key role in driving the growth of the IoT industry and overcoming the challenges of digital transformation, and that Advantech and its co-creation partners would initiate a new wave of growth momentum in 2020.