Quarantines? Social distancing? In the COVID-19 era, Israeli Industry 4.0 startups find creative ways to install their technologies remotely
"From March to November 2020, in the midst of the COVID-19 pandemic, the NASDAQ-100 Technology Sector Index has shown an impressive growth of 23%. Looking closely at the top-performing companies, eight out of 10 are software-based companies. When large parts of the world are homebound due to quarantine and social distancing, software – which is distance agnostic – is thriving. All you need is an internet connection and you are good to go.
In the Industry 4.0 sector, despite the rising need for automated manufacturing solutions, things are quite different. Most startups in this sector combine hardware and software-based solutions, and therefore require installing on-premises. The inability to travel during COVID-19 has therefore posed a problem for the sector, which is threatening its sustainability. However, Israeli Industry 4.0 startups responded by adapting their strategies, and have managed to continue servicing their customers during this time."
Read the full article, published by Yuval Englestein on the Start-Up Nation blog.
The following experts contributed to this article: Leo Bakman, Cofounder & SVP of Business, Halo Digital; Amir Kaufman, Cofounder & COO, WonderLogics; Amir Bahalul, Business Development Director, Augury; Tovit Neizer, VP Business Development, Nanofabrica; Tal Bakish, Founder & CEO, VocalZoom; Evyatar Meiron, Founder & CEO, Fieldbit; and Adam Tabor, Cofounder & COO, Kitov.ai.