Advantech Wins Frost & Sullivan’s 2019 Asia-Pacific Medical Computing Solutions “Company of the Year” Award
Excellence in Growth, Innovation, and Leadership
Taipei, Taiwan, April 18, 2019 – Advantech Co., Ltd., a leading provider of medical computing solutions, is honored to have received Frost & Sullivan’s prestigious 2019 Asia Pacific “Company of the Year” award for its medical computing solutions. The company was recognized for delivering best practices in growth, innovation, and leadership; driving innovation that meets upcoming needs; and delivering the best products at optimal prices to maximize customer value.
Advantech’s iHealthcare division is committed to providing effective and cost-efficient intelligent medical computing solutions that prioritize patient safety and optimize clinical workflows and efficiencies. Accordingly, Advantech offers innovative computing solutions integrated with patient-centric technologies and designed to support a wide range of medical applications, such as self-check in services, point-of-care (POC) computing, integrated operating rooms (ORs), intelligent wards and nurse stations, closed-loop medication administration, vital sign monitoring, X-ray visualization, telehealth/telemedicine, and Big Data analytics.
According to Frost & Sullivan’s Best Practices Research report, “Advantech’s smart solutions increase hospital efficiency, time management, quality, and satisfaction for both patients and clinicians, thus reducing costs related to redundancy and quality of services/systems in the hospital.”
Frost & Sullivan also recognized Advantech’s efforts to address industry challenges and needs, by implementing strategic business plans and establishing mutually beneficial partnerships and alliances with system integrators and vendors.
“Advantech has successfully established a business strategy to grow and penetrate markets in the region by leveraging different channels to ease implementation. One of its strategies is to partner with system integrators, distributors, and local agents, as well as leading healthcare IT vendors to integrate Advantech PCs with vendors’ software and offer them as a total solution. In addition, the company interviews or conducts surveys with healthcare workers to understand their pain points, required applications, and preferred features. This implementation model helps Advantech understand customers’ needs and challenges so that it can design, produce, and improve products that are relevant to the market.”
Advantech’s medical computing business, which contributes 10 to 15% to its total revenue, grew about 25% in 2017, reaching approximately US$150 ~ 200 million. The company’s presence in the Asia-Pacific region includes locations in Taiwan, China, Japan, India, Vietnam, Malaysia, Indonesia, Thailand, Korea, Hong Kong, Singapore, and Australia. With its strong overall performance, Advantech has earned Frost & Sullivan’s 2019 Asia-Pacific Medical Computing Solutions Company of the Year Award.
Frost & Sullivan Best Practice Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, strategic product development, demand generation, brand development, and competitive positioning. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.
Founded in 1983, Advantech is a leader in providing trusted, innovative products, services, and solutions. Advantech offers comprehensive system integration, hardware, software, customer-centric design services, embedded systems, automation products, and global logistics support. We cooperate closely with our partners to help provide complete solutions for a wide array of applications across a diverse range of industries. Our mission is to enable an intelligent planet with Automation and Embedded Computing products and solutions that empower the development of smarter working and living. With Advantech products, the number of potential applications and innovations becomes unlimited. (Corporate website: www.advantech.com)
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the Global 1000, emerging businesses, the public sector and the investment community. Learn more about Frost & Sullivan at www.awards.frost.com.