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Hexagon’s vision

Hexagon’s vision, a future where data is fully and autonomously leveraged so that businesses, industry and humanity sustainably thrive, drives the company’s strategic decision-making process. Customers are increasingly demanding autonomous sensor software systems with tighter integration between reality-capture devices and the accompanying software built to visualise, analyse, predict and act — all in real-time and autonomously. It is for this reason the Smart Digital Reality is becoming increasingly vital for the future of business.

Automated processes are ideal for a predictable world. But the world is rarely predictable. Transformation is coming to every existing industry sector, which will require a shift from automation to autonomy. In today’s automated and hyperconnected world there’s so much data being created that most of it sits unused, unconnected and underleveraged. Autonomy enables industry to put all of it to work, giving customers the advantage to shape unpredictability to their benefit — where they can be proactive, predictive and even preventative. Machines with limited automated functions today will become capable of dealing with dynamic, real-world situations – intelligently and autonomously. Autonomy will be introduced to tasks, work processes, entire operations and industries. Solutions that support increasingly connected and autonomous ecosystems will dwarf and leverage the impact of recent disruptions like the Internet of Things and Big Data.

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Smart Digital Realities
Smart Digital Realities

A Smart Digital Reality™ provides a platform to extract data’s full potential, enabling organisations, industries and the planet to sustainably thrive. It reimagines the concept of feedback loops, treating the physical and digital worlds as one, where all data is available, live, in context and in one place—providing complete line-of-sight to everchanging situations. It is workflow-driven, bringing speed and agility to any process by serving up the right data in the right place at the right time—to humans or machines. It is real-time and autonomous, ensuring the most up-to date information with artificial intelligence and machine learning capabilities to reduce, or even eliminate, human intervention in decision-making. In summary, smart digital realities integrate real-world sensor inputs with software systems built to visualise, analyse, predict and act—in real-time and autonomously— to create new and better realities that address uncertainty and enable resilient organisations, teams and workflows.

Technology leadership
Technology Leadership

Hexagon has a strong focus on R&D, with annual investments of about 10–13 per cent of net sales. Hexagon has around 5,000 employees working in R&D, with approximately 4,000 active patents. Every development project is based on an identified business case with clearly defined technical, commercial and financial targets. One of the key innovation strategies across Hexagon is Xalt, a proprietary technology platform used exclusively across Hexagon’s solutions to accelerate the ability to harness and extract data’s full potential. Xalt integrates the unlimited data inputs coming from all Hexagon’s sensors, erasing interoperability barriers, turning data into visualisation for faster insights and unleashing AI capabilities to put data to work autonomously. Hexagon’s R&D investments in 2021 amounted to 566.5 MEUR (507.3), corresponding to 13 per cent (13) of net sales. Under IFRS accounting standards, development expenses are capitalised if they pertain to new products, the cost is significant and the product is believed to have major earnings potential.

Value generating acquisitions
Value-generating acquisitions

Acquisitions play a vital role in strengthening Hexagon’s solutions portfolio and accelerating the growth strategy. Over the past 21 years, Hexagon has completed more than 170 acquisitions to fill portfolio gaps, augment R&D roadmaps, add domain expertise and deliver on strategic priorities. Acquisition candidates are regularly monitored and evaluated in terms of market position, customer reputation as well as growth and profitability potential. In the future, Hexagon expects acquired companies to add approximately 3–5 per cent to annual growth with an incremental operating margin above group average levels.

Creating opportunities for sustainable growth
Creating opportunities for sustainable growth

Cutting-edge technology has always set Hexagon apart from its peers, creating relevancy and opportunities for sustainable growth. The development of industry-specific software solutions to augment its leadership in reality capture and positioning devices requires sophisticated visualisation capabilities that speed understanding and aid decision-making. As autonomous processes become more sophisticated and robots play a bigger role in industry and everyday life, visualisation and perception tools will become even more crucial, aiding the creation and adaptation of robot behaviours. Hexagon is poised to meet these needs through HxDR, a powerful cloud storage, collaboration and visualisation platform that can seamlessly ingest and visualise any type of reality-capture data. HxDR addresses the growing need for simple-to-create yet highly sophisticated and accurate visualisations of reality-capture data for limitless applications, keeping Hexagon futureproofed and relevant for many years to come.

Sustainability
Sustainability

The Hexagon story is about customers doing well, and how doing well will lead to doing good things for the planet. Efficiency, productivity, quality and safety, are the antidotes to a planet under siege—helping to minimise waste, pollution, cost and risk. Hexagon’s solutions empower customers to turn data into a sustainable, competitive advantage, and to make factories more productive, cities safer, industrial facilities more efficient and construction projects more profitable. To further drive its sustainability mission, Hexagon launched a sustainability programme and R-evolution in early 2021. R-evolution is a business venture focused on accelerating the world’s transition to a sustainable economy by running profit-driven investments in green-tech projects where Hexagon’s technology can be applied. Today and beyond, Hexagon is committed to ensuring continued sustainability contributions at an increasingly faster pace. Hexagon will drive sustainability, growth and shareholder value well into the future by providing businesses and industry with the freedom to do good by doing well.