ABB ltd. - Digital Transformation Strategies

Summary

ABB is a global technology pioneer in the digitally enabled industrial equipment and systems segment. It operates through three business segments, namely electrification products, robotics and motion, and industrial automation. The company’s portfolio includes 70,000 control systems that connect 70 million industrial devices. ABB develops automation technologies to increase the productivity and process efficiency of its industrial customers. The group collaborated with more than 100 universities to develop innovative technologies and currently serves customers across 100 countries.

The report provides information and insights into ABB's tech activities, including:

• Insights of its digital transformation strategies and innovation programs
• Overview of technology initiatives covering partnerships, product launches and acquisitions
• Insights on each technology initiative including technology theme, objective, and benefits
• Details of estimated ICT budgets and major ICT contracts

Scope

• ABB has adopted a hybrid approach for automated predictive maintenance in Industry 4.0 applications. This approach leverages digital technology, machine learning (ML), and edge computing to address the challenge of maintaining critical equipment in process industries continuously.
• ABB introduced a cloud-based service called CogniEN that offers real-time data on electrical network performance, catering to industries like e-mobility, utilities, data centers, and renewable energy.
• ABB is integrating generative AI capabilities into industrial digital solutions, aiming to create safer, smarter, and more sustainable operations.

Reasons to Buy

• Gain insights into ABB's tech operations.
• Gain insights into its tech strategies and innovation initiatives.
• Gain insights into its technology themes under focus.
• Gain insights into various product launches, partnerships and acquisition strategies.