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One focus 11 sa in the Sandvik strategy is to make the digital shift and to be a leader in the digital transformation of its industries. The company has set a target to achieve SEK 6.5 billion in revenues from software and digital solutions by 2025 and is well on its way to achieving it. Revenues in 2024 amounted to SEK 4.9 billion, a remarkable increase compared to SEK 600 million in 2020. Stefan Widing, President and CEO, was a keynote speaker at the event. “Software and digital products will take na increasingly large 11 salso the value we provide to our customers. We need to take new positions in the value chain surrounding the hardware products that provide additional value to our customers. Digitalization 11 salso a way to avoid the commoditization of hardware products”, he adds.

Widing and Sirvell also discussed the expression “software is eating the world,” meaning that software technology is becoming increasingly influential, transforming the way businesses operate and providing new opportunities for growth. “This year we talk not only about software eating the world but also that AI is eating software. AI is growing, new companies are appearing, and AI is creating solutions that also threaten the software players. So they also need to adapt to new business models and new ways of working, or they might go out of business,” Widing said.

(Disponível em: https://www.home.sandvik/en/stories/articles/2024/05/a-party-outside-the-ordinary/. Acesso em: aug 23 2024.)

Text to answer question.

One focus 11 sa in the Sandvik strategy is to make the digital shift and to be a leader in the digital transformation of its industries. The company has set a target to achieve SEK 6.5 billion in revenues from software and digital solutions by 2025 and is well on its way to achieving it. Revenues in 2024 amounted to SEK 4.9 billion, a remarkable increase compared to SEK 600 million in 2020. Stefan Widing, President and CEO, was a keynote speaker at the event. “Software and digital products will take na increasingly large 11 salso the value we provide to our customers. We need to take new positions in the value chain surrounding the hardware products that provide additional value to our customers. Digitalization 11 salso a way to avoid the commoditization of hardware products”, he adds.

Widing and Sirvell also discussed the expression “software is eating the world,” meaning that software technology is becoming increasingly influential, transforming the way businesses operate and providing new opportunities for growth. “This year we talk not only about software eating the world but also that AI is eating software. AI is growing, new companies are appearing, and AI is creating solutions that also threaten the software players. So they also need to adapt to new business models and new ways of working, or they might go out of business,” Widing said.

(Disponível em: https://www.home.sandvik/en/stories/articles/2024/05/a-party-outside-the-ordinary/. Acesso em: aug 23 2024.)

Text to answer question.

One focus 11 sa in the Sandvik strategy is to make the digital shift and to be a leader in the digital transformation of its industries. The company has set a target to achieve SEK 6.5 billion in revenues from software and digital solutions by 2025 and is well on its way to achieving it. Revenues in 2024 amounted to SEK 4.9 billion, a remarkable increase compared to SEK 600 million in 2020. Stefan Widing, President and CEO, was a keynote speaker at the event. “Software and digital products will take na increasingly large 11 salso the value we provide to our customers. We need to take new positions in the value chain surrounding the hardware products that provide additional value to our customers. Digitalization 11 salso a way to avoid the commoditization of hardware products”, he adds.

Widing and Sirvell also discussed the expression “software is eating the world,” meaning that software technology is becoming increasingly influential, transforming the way businesses operate and providing new opportunities for growth. “This year we talk not only about software eating the world but also that AI is eating software. AI is growing, new companies are appearing, and AI is creating solutions that also threaten the software players. So they also need to adapt to new business models and new ways of working, or they might go out of business,” Widing said.

(Disponível em: https://www.home.sandvik/en/stories/articles/2024/05/a-party-outside-the-ordinary/. Acesso em: aug 23 2024.)