HEXAGON PRIMARY BUSINESSES
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Financial and technology advances contribute to the vast changes affecting our world and present challenges serve as drivers for Hexagon’s customers. Hexagon aspires to play a leading role in the effort to solve these challenges by providing groundbreaking technology solutions that make a positive and lasting impact.
Digitisation and demands for higher productivity and quality mean considerable growth in the use of automation technologies as manufacturers automate time-consuming and labour-intensive tasks to a greater extent. Hexagon’s solutions that incorporate quality control in the shop floor environment and automate the measuring process respond to this need.
Hexagon customers increasingly demand solutions that address their entire workflow – from the sensor that collects information to the software that processes it. This data is used to make decisions about a product during its life cycle to achieve higher quality with less effort and at lower costs.
Within process industries such as oil, gas and chemicals there is a need to accelerate project completion and ensure operational efficiency. Yet industry data indicates that nearly half of all engineering projects fall victim to completion deadlines. Project organisations have become more geographically dispersed and project size has increased in scope and complexity, which creates problems. These factors have led customers to seek solutions to help improve productivity and reduce the risk of delays and cost overruns in their engineering projects.
Measurement and positioning data are becoming more exact and precise as sensors and positioning services become more advanced. The ability to turn the growing amount of data provided by increasingly advanced sensors into actionable information is a challenge for surveyors. To overcome this, they must seek solutions that help process their entire workflow using one single solution.
The need for capturing data via mobile sensors is becoming increasingly important. Mobile sensors come in many forms. Traditional sensors can be made mobile when carried by unmanned aerial vehicles (UAVs) or people. Other non-traditional mobile sensors include smartphones and information shared via social media. These new forms of data capture are transforming how organisations leverage geospatial information. For example, within the construction sector, mobile sensors are used to capture activity at a construction site using field personnel who immediately share it with others in different locations. This leads to a number of improvements including improved communications, a reduction in errors and project delays and better control of costs.
Hexagon’s competitive landscape includes global companies of varying sizes and specialisations. Unlike Hexagon, most of these competitors operate within only one phase of an industry workflow or are limited to only sensors or software. To maintain its competitive advantage and meet increasing demand for solution-centric and enterprise-wide applications, Hexagon annually invests around 10–12 per cent of net sales in R&D.
Hexagon has achieved vast geographic coverage without sacrificing its strong local presence covering more than 160 countries around the world.
Hexagon supplies thousands of customers across a large variety of industries. Surveying is the single largest customer category and accounted for 22 per cent of net sales in 2015.
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