In the technology space, it’s vital that your organization stay on top of prevailing trends in your respective industry. This extends to keeping tabs on the competition or, if you’re seeking a solution provider, weighing your options. That’s why ABI Research released its 40 Technology Companies To Watch In 2023 whitepaper to better understand which tech firms are winning in terms of innovation and implementation of their technology products/software.
The first step toward the smart power tool was the advent of the connected power tool. These intelligent tool systems provide manufacturers, construction companies, and Do-it-Yourself (DIY) consumers with valuable data about their power tools, as well as various levels of automation like smart drilling/torque settings. Although the smart power tool market is immature, there are a number of reasons why the market will grow in the coming years, notably the practical application of tool data.