2019 CTO's of the year have been chosen by a jury of Finnish technology influencers.
AI, and particularly neural networks and deep learning, are the most interesting technologies of the future, according to Finnish Chief Technology Officers. They also put circular economy and new battery technologies in the top three. These and other results of the annual CTO Survey were published on November 5, 2018 in CTO Forum, the top event for Finnish technology influencers arranged by Spinverse with Business Finland and Technology Industries of Finland.
This year the CTO Survey mapped which Radical technologies are the most interesting and in which areas Finland could have a competitive edge. The CTO’s were also asked which areas state and other research institutes should allocate their research and development investments.
The survey was conducted by innovation consulting company Spinverse together with Business Finland and Technology Industries of Finland. The theme was based on an extensive report, A hundred new opportunities for Finland 2018 – 2037, which introduced 100 radical technologies that may trigger systemic social changes. It was commissioned by the Committee of the Future of the Parliament of Finland and written by Risto Linturi and Osmo Kuusi.
More attractive investment environment needed
Spinverse has conducted annual CTO surveys since 2010. Some 70 Finnish Chief Technology Officers responded to the 2018 survey. Twenty of the largest R&D investors of the country were included among the respondents.
”The feedback predicts growth for next year for both product development investment and recruitment,” summarizes Spinverse Chairman of the board Pekka Koponen. “The responders’ companies represent nearly 90 percent of all research and development investments made in Finland.”
According to Statistics Finland, R&D investments in Finland in 2017 showed weak growth after six years of decline. The additional €100m annual funding for innovations by the Finnish government is a small step in the right direction.
However, the CEO of Technology Industries of Finland, Jaakko Hirvola, emphasizes that in proportion to GNP, incentives for R&D investment are still considerably smaller in Finland compared to other Nordic countries.
”In spite of these small glimmers of hope, all economic forecasts predict challenging times ahead. The only sensible way to tackle this is to make the investing environment more attractive and to raise public R&D&I investments to an entirely new level. Product development is now more important than ever as all companies are transforming into digital companies.”
"The next Finnish government must carry their responsibility for the competitiveness of our operating environment,” Hirvola emphasizes.
New technologies require new competence
Artificial intelligence in its various applications stood out as the most interesting area of new technology by all respondents, regardless of their business area. AI was followed by circular economy and new fractioning technologies, as well as the new battery and capacitor technologies, as areas of interest. The respondents also proposed other new technologies, such as intelligent production systems, automated and autonomous machines and lignin-based chemistry and materials.
”Most companies have understood that AI will have an impact on them in the near future, and they are preparing for that inevitability by developing their competences in this area. Out of all the programs Business Finland provides, funding demand has been the highest for the AI Business program. That’s followed by bio economy and circular economy programs, which areas were also noted in the CTO Survey,” says Executive Director Teija Lahti-Nuuttila from Business Finland.
Discussion platform for technology influencers
The one hundred radical technologies, classified into ten technology areas, were delivered to the respondents in a gamified, easily approachable way using a digital innovating platform developed by Spinverse and Finnish start-up Viima.
“Going forward, the platform is meant to be a permanent and expanding forum for ideation and discussion for technology experts from different areas of business,” says Pekka Koponen.
A summary of the survey results can be found here
Read also: Tekoäly, kiertotalous ja akut – suomalais-CTO:t poimivat maailmaa mullistavat teknologiat, Tekniikka&Talous 6.11.2018
For further information please contact:
Business Finland, Executive director Teija Lahti-Nuuttila
firstname.lastname@example.org, tel. +358 50 5577873
Teknologiateollisuus, CEO Jaakko Hirvola
email@example.com, tel. +358 400 633 751
Spinverse, Chairman of the board Pekka Koponen
Pekka.firstname.lastname@example.org, tel. +358 40 545 0008
Vesa Varjonen, Vice President of Research and Technology at Planmeca and Matti Heikkilä, CTO of MetGen have been chosen as CTOs of the Year 2018. The jury consisting of leading Finnish technology influencers emphasized the significant role of the awarded CTOS on renewal of the industry. The CTO of the Year Awards are given by Spinverse together with Technology Industries of Finland and Business Finland to highlight the importance of Chief Technology Officers work on the future competitiveness of Finnish industries.
The CTO of the year award has been given to selected CTOs in Finland since 2011. This year, the winners will be celebrated at the CTO Forum and CTO Awards Gala at Restaurant Palace, Helsinki on March 19th. The emphasis for deciding the winners for 2018 was on companies that have renewed the Finnish industry with the actions. “Finnish industry is experiencing strong transformation and on the other hand SMEs have got an important role in boosting new businesses. Planmeca and MetGen are prime examples of these: through systematic investments in R&D and exploitation of digitalization Planmeca has created innovations that have renewed the whole sector. MetGen in turn has had the courage to develop a completely new technology for global markets and has been able to build an impressive partner network” describes the Chairperson of the Jury, Laura Juvonen of Technology Industries of Finland.
Exporting Finnish healthcare technology globally: Planmeca
Planmeca, founded in 1971, is one of the world’s leading producers of dental equipment, with products distributed in over 120 countries worldwide. As an R&D intensive healthcare technology company dynamically developing the world’s leading technologies it serves as a role model for the renewal of the Finnish manufacturing industry. “As a company, Planmeca is never ’ready’ nor do our products ever stop developing. Without this mentality innovation in the company would die” says the founder and CEO of Planmeca, Heikki Kyöstilä. The healthcare technology sector is growing in Finland and most of its turnover comes from exports.
Vesa Varjonen has worked for over 25 years in various roles in medical imaging. He has worked at Planmeca since 2004, and became the Vice President in research and technology in 2015. “The desire for growth and motivation arise from the power of example, manifested by role models like Vesa Varjonen. He shows the combination of strong knowledge, deep understanding of different technologies and research fields and years of experience”, describes Kyöstilä. “In a fast-developing world, the importance of cooperation with different partners e.g. universities, research groups and startups is of great importance, and here Vesa’s active role has been crucial.”
Varjonen has a Master of Science degree in Medical Technology, Applied Electronics and Computer Technology. “In the Jury’s discussions it was also emphasized how important multidisciplinary education and knowledge is for the development of future technologies“, states Juvonen.
A new force catalyzing renewal: MetGen
MetGen excels in tailor-made industrial enzymatic solutions for the energy, renewable chemicals, and pulp&paper industries. The “ace” of this cleantech-company is the genetic tailoring of its enzymes, which makes them work effectively in demanding conditions. Though a small company MetGen has been able to build extensive partnerships and win a substantial amount of public funding to develop and pilot novel, sustainable and resource-efficient solutions for several industrial processes with its partners.
”CTO Matti Heikkilä is an excellent networker. He is not afraid to approach even the big players, which is an important trait for a fast-growing SME. Heikkilä is a role model for other SME CTOs in showing how new ecosystems are built benefitting from EU funding and how Finland is renewed through the creation of new, sustainable solutions for industry”, highlights Juvonen.
One of MetGen’s strengths is to bring new solutions from the laboratory to industrial applications effectively. “In practice Matti has created a whole value chain from scratch. He continues to strive in creating new technologies supporting new business” says Alex Michine, CEO of MetGen. The company’s product development platform is one of Heikkilä’s merits – with the platform MetGen can bring new products to the markets in less than five months from the initial idea, which makes it the world leader in its sector. With Heikkilä’s lead the emissions in the production process have been minimized in practice down to zero.
Heikkilä is also responsible for marketing and new business development. “The ecosystems built by Matti maximise the benefits of all parties. He has an incredible ability to shape whole industries with his vision” adds Michine. “It’s amazing how well he manages to share our vision internally as well as among financiers, especially in such a complex field as ours.”
This year, Finnish CTO of the Year prize is awarded for the eight time to highlight the importance of Chief Technology Officers to the future competitiveness of Finnish industries. The CTO of the Year is an inspiring leader and has an active role in the society. The awardees are chosen by a jury consisting of leading technology experts in Finland. The chairman of the jury is Director Laura Juvonen, Technology Industries of Finland. The CTO Forum is a community of Chief Technology Officers and technology leaders to learn from their peers and benchmark against the best practices in the field. The Forum provides a platform for networking across different industries and for companies of all sizes, raises the awareness of Finnish technology leadership and promotes visibility of CTOs and their companies. CTO Forum and the CTO of the Year Award is organised in collaboration with Business Finland, Technology Industries of Finland and Spinverse.
Do you know an exceptional CTO in Finland? We are now looking for nominations to find the CTO who is the most inspiring team-builder and leader, who adds significant value to the company through technology. you can submit your nomination at http://www.ctoforum.fi/nominate. Anyone who is responsible for their company’s technology in Finland is eligible. The complete list of selection criteria can be read here.
Since 2011, the award has been given annually to highlight the importance of Chief Technology Officers to the future competitiveness of Finnish industries. In 2017 the winners were Reijo Salonen from Orion and Reetta Kivelä from Gold&Green Foods. The complete list of winners throughout the years can be found here.
The winners of the CTO of the Year 2018 award will be announced in early spring in Helsinki.
Companies are now investing in digitalisation due to the competitive advantage and customer value it brings and not due to cost savings. Finnish CTOs believe that the key challenge in digitalisation is to develop related knowledge and skills. The latest CTO Survey conducted by Spinverse, Tekes and Technology Industries of Finland focused on how digitalisation transforms Finnish companies.
Most (67%) of the Finnish technology leaders who participated in the survey believe that digitalisation requires novel know-how from current and future employees. Three out of five agree that the development of knowledge and skills is the key enabler of digitalisation in companies. Still, less than a fifth of companies have invested in related training for their employees.
“The unprecedented pace of change, advances in technology and new revenue models set new standards for the needed competencies. The contribution from companies and education on all levels are necessary to fill the skills gap. We have to try harder to remain at the cutting edge”, says Risto Siilasmaa, chairman of Technology Industries of Finland.
Aiming for added value for customers – new actors and business models, a threat and an opportunity
Most companies have already included digitalisation in their strategy. It is noteworthy that instead of cost savings, the majority of respondents (70%) prioritise adding value for customers and the development of new business models. The results of the survey show that especially a diverse product portfolio and new services create competitive advantage.
Three out of four companies consider new competitors and new business models as the main threats for their current business. Most respondents believe that there is currently no leading platform in their industry, but a third estimates that such a platform will be established in 2-3 years time.
“Companies need to change, as success and competitiveness will not be based on business-as-usual. Companies need to constantly ask themselves which business they are in. Change emerges from the willingness to understand the future and the ability to try and learn”, notes Jyrki Ovaska, CTO of UPM.
"The industrial digitalisation platforms are still developing. The solutions are industry-driven and we won't necessarily even see dominant Google-like players emerge at all. There are plenty of opportunities still for Finnish companies - even to become a global leader," comments Pekka Koponen, CEO, Spinverse.
CTOs are growing their R&D budgets
It is apparent from this year's survey that a growing amount of companies are investing in R&D activities in 2017 more than in the previous five years. 49% of the respondents say that their R&D budgets will grow during 2017, while only 11% say that there will be budget cuts. The positive trend seems to grow stronger in 2018.
The CTO Survey was responded by 96 Finnish CTOs, widely representing the Finnish industry. 54% of the respondents were from SMEs and the rest form large companies. The survey covered a broad range of sectors, the largest of which was ICT and electronics (39% of respondents).
The results were published 25.10.2017 in the CTO Forum organized by Spinverse, Tekes and Technology Industries of Finland. The CTO Forum is a community for CTOs and technology leaders to learn from their peers and benchmark against the best practices in the field. It provides a platform for networking across different industries and for companies of all sizes, raises the awareness of Finnish technology leadership and promotes visibility of CTOs and their companies.
A summary of the survey results here.
Read Tekniikka & talous news on the topic (in Finnish).
Reijo Salonen, Senior Vice President of Research and Development of Pharmaceuticals and Chief Medical Officer from Orion and Reetta Kivelä, Co-Founder and Chief Technology Officer from Gold&Green Foods have been elected as Finland’s CTOs of the Year 2017. In the selection process, the emphasis was put on companies with significant societal impact. “Election of the awardees was exceptionally unanimous this year. Salonen and Kivelä have both shown their remarkable contribution to their companies and to their societal networks”, says Chairman of the Jury Harri Kerminen. CTO of the Year award is a joint undertaking by Tekes and Spinverse.
The award has been given to CTOs in Finland since 2010. Once again the jury decided to award winners from two categories: SMEs and large corporations. In the corporations’ category, Orion’s impact on Finnish pharmaceutical research and development gained the jury’s attention. Orion develops, manufactures and markets human and veterinary pharmaceuticals, active pharmaceutical ingredients and diagnostic tests and is a clear market leader in Finland. In the SME category, Gold&Green Foods stood out from the other candidates. Gold&Green Foods was established in 2015 and their first product, Pulled Oats™, attracted wide attention even before reaching the stores in May 2016. Pulled Oats™ hits the focal point of global megatrends; it is simple and easy-to-use alternative in cooking but it also addresses the rising concern of environmental pressure caused by meat production.
“Gold&Green Foods’ products are an answer to a greater global challenge, whereas the economic and research development at Orion have been exceptional during the last 10 years. This years’ winners present fundamentally different industries in comparison to the previous winners. This is the first time the awardees are from the food and pharmaceutical industries. The jury’s view is that both companies’ business combine significant technological and societal aspects”, Kerminen concludes.
Thriving innovation culture through organizational transformation in the pharmaceutical industry
Reijo Salonen was appointed as Senior Vice President, Research and Development of Pharmaceuticals in 2006. Before that, he held senior research positions at GlaxoSmithKline and Pfizer. At the time, Orion was facing a challenging situation in R&D and the company was lagging behind major multinational pharmaceutical corporations. Reijo Salonen led the organizational culture change of the entire R&D department towards a more open, transparent and enthusiastic culture in all R&D activities. His solid experience and broad networks contributed to the positive development of Orion’s business and profits – not to mention the positive effects of new medicines to the world.
Organizational transformation enabled establishing open innovation processes in the company. At the same time as Orion focused its internal efforts in gaining competitive advantage, the company adopted a strategic approach to outsourcing research of its non-core activities and started conducting research projects as external scientific collaborations on a global level. With the help of the broad collaboration networks, Orion’s resources and competences grew. An example of Orion’s R&D achievement is the medicinal treatment for the symptoms of Alzheimer’s disease, which The Chemical Industry Federation of Finland granted the 2014 Innovation Award. Another achievement from Orion’s R&D is the novel prostate cancer treatment, which was among the five finalists in the Innovation Award in 2016. Orion aims to bring the prostate cancer treatment to markets by 2019 and the Alzheimer’s disease treatment later on.
“The organisational change took some effort and now we can see the its results in the development of innovative products. It is exciting to see that our success has been acknowledged more widely”, Salonen comments.
Solution to the environmental challenges of meat production
Reetta Kivelä has been the CTO of Gold&Green Foods since its establishment. The core idea of Gold&Green Foods is sustainability and an innovation that utilises Finnish ingredients and has global markets. Gold&Green Foods has received several recognitions. In 2016, the company was awarded as the best Finnish innovation and took the lead in the society-category at Productive Idea Competition. Pulled Oats™ in turn was selected as the food phenomenon of the year. In autumn 2016, Paulig Group acquired 51 % of Gold&Green Foods shares to improve production capacity and international commercialisation of Pulled Oats™.
Pulled Oats™ is a result of Kivelä’s development work and she was chosen as Finnish Young Researcher Entrepreneur 2015. The idea of Pulled Oats™ came from the CEO of Gold&Green Foods Maija Itkonen, who proposed to Kivelä her idea of a plant based protein with oat as a main ingredient. Kivelä’s previous work had focused precisely on research and processing of oat fiber’s beta-glucan.
“It is great that Pulled Oats™ gains recognition. CTO of the Year award is a recognition for the entire Gold&Green Food product development team, not only a personal achievement. During the last years, health and nutrition awareness has increased and therein lies the key for solving some of the great challenges we face globally. The food industry is going through revolutionary times and Pulled Oats™ might be a key element in it”, Reetta Kivelä comments.
This year, Finnish CTO of the Year prize is awarded for the seventh to highlight the importance of Chief Technology Officers to the future competitiveness of Finnish industries. The CTO of the Year is an inspiring leader and has an active role in the society. The awardees are chosen by a jury consisting of leading technology experts in Finland. The chairman of the jury is Harri Kerminen. The CTO Forum is a community of Chief Technology Officers and technology leaders to learn from their peers and benchmark against the best practices in the field. The Forum provides a platform for networking across different industries and for companies of all sizes, raises the awareness of Finnish technology leadership and promotes visibility of CTOs and their companies. CTO Forum and the CTO of the Year Award is organised in collaboration with Tekes and Spinverse.
The term “Open Innovation” was originally coined in 2003, and refers to the paradigm where ideas pass between different organisations to create value. Since the 2010s innovation efforts have moved towards Open Innovation 2.0, where shared added value is created together with different actors in an ecosystem. According to Spinverse's latest CTO Survey, Finnish companies have acknowledged Open Innovation 2.0 and there is a willingness for its implementation. In practice the innovation efforts are still closer to the original principles of open innovation, rather than OI 2.0.
The benefits of developing together in Open Innovation have given organisations the chance to develop products and services, which they wouldn't have the resources to do on their own. Competitive advantage and success can be seen as a result of the strength of the ecosystem, not of the individual company.
In the 2010s the former Intel Labs Europe CTO Martin Curley brought to the wider audience the concept of Open Innovation 2.0. In this advanced mode of OI, it is not enough for the the organisations to look beyond their own borders, but to implement cross-sectoral co-operation to create shared value-added together with different actors, to foster the ecosystem and to ensure the adoption of new technologies and innovation in the ecosystem.
With Martin Curley's leadership, Intel Labs Europe was the forerunner in Open Innovation 2.0 by building a European wide co-operation network, which comprises of tens of R&D centers and a wide range of researchers. Currently Martin Curley is a Professor of Open Innovation and he was awarded as the European CTO ofthe year 2015.
"It is not enough that organisations just look beyond their borders. They must actively seek cooperation with different actors. To come up with solutions to major challenges, we must build completely new ecosystems, where innovations are created together, according to set rules and by sharing the risk" states Curley.
Finland lagging behind
Theresults of 2016 CTO-Survey conducted by Spinverse show that CTOs in Finland are aware of OI 2.0 and are intent to implement its principles. As many as three quarters of the respondents felt that involving the customers and doing development together across organisations and industry borders, and the open sharing of ideas, is a part of successful open innovation.
At Kone - globally recognised for its innovativeness - open innovation is part of the corporate culture. "Part of open innovation is that even the CEO is an active networker" comments Tomio Pihkala, the CTO of Kone.
According to the survey, 90% of the respondents say that the organisation they represent is capable of collaborating with partners and customers. Finnish companies believe that sharing ideas openly with outside partners will lead to success.
"In practice, the innovation efforts still remain closer to the original principles of open innovation, where cooperation circles around the organisation's own targets and ideas and not of those of the ecosystem." says Laura Koponen, Managing Director of Spinverse Innovation Management.
The majority of companies engage their current customers in collaboration and they know how to work together successfully.
Short-term R&D investments grow
Those responsible for the R&D in Finnish organisations are faced with a new situation due to the austerity measures on public R&D funding introduced by the Finnish government. Due to this, companies have even increased their own R&D budgets but at the same time are focusing on short-term R&D activities. This becomes evident from the latest CTO Survey. According to the respondents, there is pressure to get new products out onto the market. Around half of the organisations say they expect a positive result from new innovations already during the coming year. While there is pressure for ever faster R&D efforts, CTOs are concerned about how to keep the equilibrium between short-term and long-term R&D.
70 CTOs in Finland answered the CTO Survey with around half of the respondents were from large corporations, Among the respondents are 16 out of the 20 biggest R&D investors in Finland.
View the results of the 2016 CTO Survey
Ilari Kallio, Vice President R&D from Wärtsilä and Antti Nivala, Founder and CTO from M-Files have been elected as the Finnish CTO of the Year 2016 awardees. The CTO of the Year title is awarded annually to a CTO who has had a positive impact on the growth and technology of the CTO’s company, acts as an inspiring leader, and has an active role in the society.
The award is a joint undertaking by Tekes and Spinverse. A high-profile jury, consisting of members of the Finnish technology industries, selects the awardees. This is the sixth time that CTO of the Year award is given out.
The jury decided to elect awardees from two categories: SMEs and large corporations. The role of a CTO is drastically different in SMEs in comparison to large corporations. This was the second time winners were chosen from two categories.
In the awardee election, the emphasis was put on radical innovations. “The winners are two people who have done a great contribution to their companies with radical product innovations. The companies are also demonstrating international growth,” the chairman of the jury, professor Yrjö Neuvo comments on the election. M-Files is an innovative software company designing document and information management solutions to corporations. M-Files products are based on efficient use of metadata. Wärtsilä is a corporation that delivers power solutions for the marine and energy markets. Wärtsilä has developed the world’s most energy-efficient engine: Wärtsilä 31 can be found in the Guinness Book of World Records.
Both M-Files and Wärtsilä try to solve problems of the modern age. “M-Files brings solutions for knowledge workers in their day-to-day struggle of keeping information organized, and Wärtsilä empowers the players in energy and marine industries with flexible and energy-efficient ship and power plant solutions. CTOs in all industries have an important role enabling their companies to renew themselves”, summarises professor Neuvo.
The renewer of information management
Antti Nivala has worked as the CTO of M-Files from 2013. Previously from 2005 to 2013, Nivala acted as the CEO of the company founded by him. Since then he has concentrated on the product development of the company as the CTO. His work has made great progress as the M-Files information management software is currently used in thousands of companies all across the globe. M-Files is quickly growing to be the market leader in metadata-based information management. M-Files has received many acknowledgements for its superiority, one of the most prestigious distinctions being the Millennium Distinction awarded by the Technology Academy of Finland. World-leading market research organizations have praised M-Files’ software as a forerunner with unparalleled usability.
Antti Nivala has played a great role in the development of M-Files. Previously known as Motive Systems, M-Files ended up developing information management software when Nivala felt sufficient software for keeping the ceaseless flow of information did not exist. Nivala and his team decided to create a completely new system. Soon they found out that other companies are struggling with the same issues. As the result of a successful commercialization the M-Files software was created. Currently M-Files Corporation employs over 300 people. ”Programming and utilising technology to solve practical problems has always been very natural for me. It has been fantastic to see how our brilliant team has been building our company and our products to world fame,” comments Antti Nivala.
World’s most energy efficient engine
Ilari Kallio joined Wärtsilä in 2006, and from 2014 he has acted as the Vice President in R&D. As the chairman of CLIC Innovation Ltd. he has an important role in the Finnish R&D community. At Wärtsilä, or anywhere else, innovations aren’t born by sitting alone in a conference room, but in collaboration; Ilari Kallio has been described as an excellent networker and an active member of the R&D community.
With the support of Kallio, Wärtsilä has been able to stay on the top of the tide of megatrends, utilising digitalisation and cleantech. Wärtsilä engine control the markets. Wärtsilä’s competitiveness is also built on a strong portfolio of maintenance services. “Leading an R&D organization in a large corporation is a challenging task where you need to have a sound understanding in leading people and in the technology you are dealing with. The R&D activities are essential in a large corporation to sustain the competitiveness, and our R&D team deserves to be acknowledged,” says Ilari Kallio.
Chairman of the CTO of the Year professor Yrjö Neuvo, tel. +358 400 740 300
Finland's CTO of the Year 2016 will be awarded on the 16th of February in Helsinki. Who will be awarded? In 2015, Jussi Pyörre from Eniram Oy and Juha Inberg from Ponsse Plc were chosen as the recipients of the CTO of the Year 2015 award. The title, CTO of the Year, is awarded annually to highlight the importance of Chief Technology Officers to the future competitiveness of Finnish industries. The CTO of the Year is an inspiring team-builder and leader, adds significant value to the company through technology, and communicates the benefits of technology to all stakeholders in an understandable way.
The time to nominate your candidate for the CTO of the Year 2016 is now. The nomination period is open until the 15th of December 2015 at www.ctoforum.fi/nominate. The CTO of the Year is an inspiring team-builder and leader, adds significant value to the company through technology, and communicates the benefits of technology to all stakeholders in an understandable way. You can nominate anyone who is responsible for their company’s technology in Finland. See the complete list of selection criteria.
The title of the CTO of the Year is awarded annually to highlight the importance of Chief Technology Officers to the future competitiveness of Finnish industries. The winner of the CTO of the Year 2016 award will be announced on the 16th of February 2016 in Helsinki.
According to the annual CTO-Survey, Finnish technology companies are preparing for digitalisation. There is belief that digitalisation will create new business models and ways to accelerate the development of current business. New business is needed, as the survey results reveal a concern for public funding cutbacks and poor predictability of Finnish and EU legislators.
The CTO-survey scanned how prepared and interested companies are in digitalisation; industrial internet and IoT as sub-sections of digitalisation. According to the results, digitalisation is taken seriously, with four out of five(82%) reserving R&D resources for the development of characteristics, products or services to customers that digitalisation enables.
There is also a desire to utilize digitalisation in R&D -operations, for example in collecting and utilizing user-data in the planning of next generation products.
The biggest obstacles to digitalisation seems to be the lack of economic incentives and the lack of knowledge, as well as the immaturity of technologies.
The survey respondents represent the Finnish industry comprehensively: 39% of the respondents were from large corporations, even though there were respondents from companies of all sizes. There were respondents from all technology sectors, with 36% of the respondents from the electronics and ICT industry.
The press release (in Finnish).
The annual CTO Survey collects information about Finnish CTOs, their companies, challenges, and R&D efforts.
In 2015, Juha Inberg from Ponsse Plc and Jussi Pyörre from Eniram Oy have been chosen as the recipients of the CTO of the Year 2015 award.