What Can We Learn From Integrating Mobility, Artificial Intelligence, Massive Data, and Robotics to Shape the Future?
Daegu, a leading industrial city in South Korea, is undergoing an exciting metamorphosis, as it hosts a pioneering technology convention that converges four pivotal sectors to shape the future. Below Mayor Hong Jun-pyo’s leadership, Daegu’s “FIX 2024” initiative aims to revolutionize the city’s industrial landscape by embracing a convergence of mobility, artificial intelligence (AI), big data, and robotics. With more than 460 companies worldwide, FIX 2024 represents a testament to the resilience of cities in embracing industrial transformation.
As Daegu’s economy evolves, its industrial landscape is undergoing a transformative shift from traditional sectors like textiles and machinery to more cutting-edge industries.
Daegu boasts a rich and storied history in the automotive and textile sectors, earning it the reputation as the ancestral home of Samsung, a global giant in technology and industry. As the world evolves, so must Daegu. By launching FIX2024, we take a significant stride forward, establishing a unified platform that brings together diverse industries sharing a common goal: advancing the ecosystem of robotics and automation.
The EXCO Convention and Exhibition Centre is a publicly owned venue that hosts conventions. According to EXCO’s Advertising Director Gyu-sik Kim, FIX 2024 is not primarily focused on highlighting individual innovations but rather facilitates collaboration between industries. “You can’t achieve advanced manufacturing without robots, nor can you have one without a mind,” Kim stressed. What lies at the intersection of artificial intelligence’s cognitive prowess and robotics’ physical capabilities, serving as the cornerstone of this convention’s thought-provoking theme? Significant knowledge provides the foundation, yielding valuable understandings, while innovative technologies enable these advancements to translate into tangible realities.
Elevating Entrepreneurial Ecosystems: Strategic Partnerships for Emerging Businesses
The convention unites startups, small to medium-sized enterprises, major corporations, and global players in a strong partnership that fosters cross-industry collaboration and supports early-stage entrepreneurship. By facilitating strategic collaborations between smaller and larger entities, FIX2024 fosters a self-reinforcing cycle of growth and innovation that benefits all parties involved. Startups gain access to vital support, akin to that provided by the Funding Assistance Centre and corporate capital firms, which offers a one-stop-shop for funding assistance alongside expedited licensing pathways.
The outcomes are spectacular. At a three-day international convention, over 200 global consumers convened with industry experts, yielding an impressive 900-plus export consultations, collectively worth $1.15 billion, with a notable $160 million in finalized contracts solidifying deals. Major corporations such as Samsung and Hyundai have been actively engaging in discussions with small- and medium-sized enterprises (SMEs), resulting in a substantial $50 million worth of buying consultations – a testament to FIX2024’s unwavering commitment to empowering smaller players and seamlessly integrating them into the larger ecosystem.
The Tech Convention in Korea Continues to Evolve into a Global Hub
By converging AI, vast knowledge, robotics, and mobility into a single ecosystem, FIX 2024 demonstrates the limitless opportunities that arise from such an integration, unlocking unprecedented business prospects. Within its platform, FIX fosters collaborative endeavors between disparate industries by seamlessly integrating their facets, thereby enabling AI developers to directly engage with robotics companies and mobility experts in a unique environment that would be unachievable when these sectors operate independently.
To ensure sustained growth, FIX aims to foster development by hosting simultaneous events throughout Daegu, strategically located near vital innovation and manufacturing hubs. This innovative framework enables attendees to explore hubs directly, fostering enhanced corporate connections and igniting novel ideas and collaborations throughout the city.
Wanting Towards FIX 2025
Within an astonishingly brief eight-month timeframe, this innovative project evolved seamlessly from conceptualization to reality – as FIX 2024 has already yielded impressive returns, EXCO is committed to further optimizing the event’s success. A council of international consultants will help shape the future development of techniques, leveraging the FIX2025 initiative to expand global reach, strengthen industry connections, and solidify its international standing.
For companies seeking to navigate the interconnected world of emerging technologies, FIX offers a unique platform for collaboration and growth. Daegu is poised to revolutionize its status as a global leader in industrial innovation through a strategic partnership that harmoniously integrates cutting-edge AI, robotics, vast knowledge databases, and seamless mobility solutions.
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