High-Tech
Are you looking to boost your sales in the High-Tech industry? Transform yourself into an “expert” on the High-Tech industry sector and its language, and develop targeted content to address relevant industry trends and challenges.
Current Position of High-Tech Industry
In 2024 cloud computing and artificial intelligence will continue to dominate the high-tech industry, but edge computing will likely grow in importance. Many companies are motivated to move to cloud computing because it can reduce costs, optimize processes, and enhance flexibility.
Edge computing and 5G connectivity create a reusable and versatile platform that supports the full potential of connectivity and computing capabilities for advanced technologies such as AI. This has the capability to deliver value for cases that demand low latency and effective use of limited bandwidth, including:
- autonomous vehicles
- offshore oil rigs
- security and assembly line cameras.
The industry is currently in a period of high investment in infrastructure following the semiconductor shortages induced by the pandemic. However, high-tech plants are extraordinarily expensive and require many years to build and reach peak manufacturing capacity.
High-Tech Industry Trends
Rapid technological progress means that products often have a relatively short life – around one to three years from market introduction to the peak in sales revenues.
Consequently, high-tech companies have to be adaptable and responsive to both changes and advancements in technology and also changes in consumer demands and requirements.
Automation & Technologies
- XaaS business models
- Internet of Things applications
- Generative AI advancements
Supply & Demand
- Next Generation Automotive
- Semiconductor shortages
- Capital investment growth
Sustainability
- Circular economy initiatives
- Environmental pressures
- Emerging regulations
Industry Challenges
Geopolitical Tension
- International conflicts and trade wars creating market uncertainty and supply chain disruptions.
Supply Chain
- Unpredictable logistics and material availability affecting production schedules and costs.
Cybersecurity
- Increasing threats to digital infrastructure requiring constant vigilance and investment.
High-Tech’s Influence Across Industries
Solving this supply issue is a key goal for 2024, given the growing influence of software in not just high-tech, but a whole host of other global industries.
Consumer goods
Healthcare
E-learning course & Insights Platform
E-learning course
- Self-paced e-learning
- CPE-approved
- Designed for customer-facing professionals
Objectives
- Identify the industry terminology
- Identify the relationships between typical companies in the high tech supply chain and understand the structure of a typical business
- Pick out some of the major issues faced by high tech companies in today’s industry
- Differentiate between the initiatives they take to respond to business issues
Cambashi Ltd is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE sponsors through its website: http://www.nasbaregistry.org
Industry Insights Platform
- Tactical industry intelligence updated in real-time by industry experts.
- The latest trends & challenges, business drivers, products & services, and technology.
- Key players and consumer perspective
- Industry terminology and metrics
- Deeper knowledge across a variety of industry subjects
Access Cambashi’s Industry Insights Demonstration
Cambashi provides access to the industry e-learning curriculum in conjunction with industry insights, glossary and market intelligence to deepen your business and industry-specific oriented conversations.
Technology
In such a technology-driven industry, the success or failure of high-tech companies relies to a large extent on their IT infrastructure and software applications. High-tech companies are often early adopters of new IT technologies, gaining technological, process, and commercial advantage.
High-tech IT investment aims to:
- improve innovation and efficiency in design, manufacturing – across the whole supply chain
- reduce costs across the whole business
- speed up time-to-market.
Factory automation, the use of robots, flexible production lines, just-in-time production systems, and quality management are core technologies essential to manufacturing performance. The industry has also been instrumental in advancing information technologies which support business processes across the value network including Resource Planning (ERP), Supply Chain Management (SCM) and Lifecycle Management (PLM).
Here we can see the relative sizes of the Computer-Aided Technologies (Mechanical CAD, Mechanical CAE, CAM) and PLM software sectors in the global high-tech market. The total is worth over $US3 billion annually. Note how MCAD and MCAE are the largest technology segments, which highlights the importance of design, analysis, and simulation in the high-tech sector.
Design/Engineering/Manufacturing Software Market Share – High-Tech Industry
Blog
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AI High-Tech Transformation
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