Page 34 - 2019 Annual Report Hsinchu Science Park

32 Hsinchu Science Park 2019Annual Report Storage as carrier
in value creation
An exemplary provider of industrial control storage solutions/Innodisk Corp.
Chairman Randy Chien
Established in 2005, Innodisk Corp. is a global leader in the industrial control storage industry. With a solid track record in embedded storage technologies and devices, it has moved up another rung by offering a variety of modules for embedded applications. Longtime dedication and specialization enables the company to deliver timely and flexible customized solutions. Committed to “ultimate service,” it takes pride in its capacity for meeting every need in industrial control storage applications.
5G, AIoT to drive growth; tangible-intangible integration seen as key
Advances in 5G and AIoT technologies have spawned a wide range of vertical applications. Huge demand for edge devices is on the verge of taking off. Chairman Chien says: “5G, AIoT, and big data are poised to prove the driving force behind the electronics industry going forward. A major beneficiary will be the industrial computer market, which is undeniably a niche market due to its massive array of specifications and highly sophisticated functional requirements. But comprehensive storage solutions are needed to record data. For its part, Innodisk as a specialized provider of storage solutions is well-positioned to capitalize on this market by delivering devices required for various vertical applications.”
As technologies evolve and emerging markets increasingly assert themselves, Innodisk provides storage devices that enable industrial computers to tap end-user applications. Moreover, such devices come with a growing number of software features, further complementing the company’s value-adding services to clients worldwide.
Respond to short-term impact rapidly, optimize internal management and customer relations
Confronted with the U.S.-China trade dispute, Innodisk guards itself with a flexible global market strategy and a solid production capacity in Taiwan, both of which have helped cushion the impact of tariff hikes. Despite a short-term impact, mainland China has proven capable of drawing on massive domestic demand to gradually
escape the shadow of its trade frictions with the U.S. “In terms of the short-term impact they bring, both the U.S.- China trade war and the Covid-19 pandemic put to test the responsiveness of Innodisk as a team,” Chairman Chien adds. “Over the long term, Innodisk is set to stand firm in the global arena on the back of its excellent inventory management, precise market strategy, and sound collaborative ties with customers.”
A “Family First” corporate culture
Unlike most other businesses, Innodisk believes that family deserves to come first. It stands by the principle of keeping things simple: doing simple things repeatedly is no simple task. Employees are thus less burdened with work. Chairman Chien says: “Innodisk holds a get-together with new hires every month to make it clear that the company considers “family first” as its core value and that everyone needs to balance family and work.” Separately, Innodisk sponsors a nonprofit foundation to repay the community by helping with the care and education of children in less accessible areas of the country.
Break free from habitual thinking, strengthen training to foster talent
Chairman Chien regards people as a key asset of his company. It is crucial to select employees capable of adapting to future development. “Only by refraining from addiction to habitual thinking seen as key to past successes,” he stresses, “can one expect to stay on growth track in ever-changing times.” With the advent of the AIoT era, tangible-intangible integration is set to play a key part in corporate development down the road. Innodisk hopes to work with local universities on growing software talent that can complement the company’s hardware prowess and thus give it an extra competitive edge. Likewise, Innodisk looks forward to the government placing equal emphasis on talent cultivation that takes account of industrial trends and needs, thereby keeping the country and local businesses stay competitive and giving fuel to the national economy continuously.