P&I business review: 2021 – Looking back and looking forward
Sami Koponen, Vice President: Process & Industry, is reflecting on the year that is coming to an end and looking forward to the opportunities 2022 will bring along.
Written by Sami Koponen
Posted on December 16, 2021
2021 – Looking back and looking forward
2021 was the second year in a special working environment. At CADMATIC, we are lucky since it is possible and actually natural to work remotely in software development.
Overall, 2021 has been good to us despite the many challenges in our customers’ operational environments. We have successfully completed big product development projects, started new collaborations with many new and significant customers, and we have started out on a growth path again. It has been especially pleasant to notice that we have been able to gain a record number of new customers that find our offering valuable and have chosen us as their technology supplier.
What’s next? 2022 is expected to be a year of growth. Our investments in R&D are paying off and the market has responded positively. One highlight and a key driver in 2022 for our products will be minimizing human interaction via automation. An example of this is document production, which naturally has a direct impact on productivity and time use. Other drivers include the never-ending need for interoperability enhancements and the ease with which a new design and engineering systems are taken into use. The implementation of a new core system for design and engineering is an investment that must start paying off immediately and be as easy to do as possible. A key element here is the possibility to use and convert legacy data. This is a valuable asset for the company and greatly lowers the investment cost. CADMATIC can convert legacy data in various ways, and we have worked hard in 2021 and will continue this work in 2022 to offer even more conversion options.
The world is changing and so are you and I as consumers, we buy more services also for personal use and we expect flexibility from vendors throughout the buying process. The same trend is already reflected in industry where buyers expect more flexibility in software licensing options. Many suppliers have moved to subscription licensing models in 2021, and similar moves seem to be in the pipeline. At CADMATIC, our customers can still choose how they want to take our solution in use. We have competitive options available for perpetual licensing and as well subscription licensing options. We trust that our customers know what model is best for them.
I look forward with excitement to what the new year will bring for all of for us!