10.09.2014

Industrial Internet to shape future of Finnish industry

The industrial Internet is attracting unprecedented attention in Finland.

Finnish industry, VTT Technical Research Centre of Finland, Aalto University, Tampere University of Technology, Fimecc (Finnish Metals and Engineering Competence Cluster) and DIGILE SHOK (Finland’s Strategic Centres for Science, Technology and Innovation) are planning a joint project to develop the industrial Internet in Finland. The FIIF (Finnish Industrial Internet Forum) project, which will be initially funded by private companies and the Federation of Finnish Technology Industries, is the first step in establishing the industrial Internet in Finland on a national scale.

A steering group comprising 5-7 companies will kick off the project, with emphasis on testing concrete opportunities and applications as soon as possible. This includes finding suitable opportunities for Finnish enterprises in the arctic industrial internet.

Industrial-sized potential

According to the Federation of Finnish Technology Industries, the industrial Internet can be an even bigger success story in Finland than the video game sector or healthcare technology. In fact, Finland is poised to be a leading developer of the industrial Internet. The country’s basic infrastructure is rock solid, and networking – whether between companies, universities or individuals – is the way of the land. Moreover, many Finnish SMEs are already household names in the gaming, cybersecurity and sensor technology sectors, with hundreds of new start-ups following in their footsteps. Open-minded and ambitious, these companies are constantly looking for new ways to share business models and accelerate innovation cycles.

“It’s easy to justify new investments in terms of savings. But the industrial Internet is not just about increased productivity and cost-effectiveness. It’s also about growth opportunities and new business models,” says Jukka Viitasaari, Director at the Federation of Finnish Technology Industries.

One of the biggest opportunities focuses on developers of analytics software and industrial Internet platforms who are seeking to test new solutions or build cross-sector partnerships in Finland. “No company should have a go at this alone. Partnerships and networks are the driving force behind the industrial Internet,” says Jukka Viitasaari.

Source: The Federation of Finnish Technology Industries