Select your language: EN JP

The Top Digital Transformation Startups of 2020

Kevin See, Ph.D., VP, Research
March 12, 2021

Digital transformation means many things to many people, so it’s important to segment and analyze startups developing foundational enabling technologies as well as key impacted applications, such as Industry 4.0 and digital health.

As part of our digital transformation coverage, we continuously monitoring industry megatrends and events to identify innovative startups in the space. Our new market map, “The Top Digital Transformation Startups of 2020,” identifies 20 startups that were awarded a “Lux Positive” or “Lux Strong Positive” rating based on evaluations of their technology, business strategy, market positioning, and leadership.

Download the Digital Transformation Startups of 2020 Market Map from Lux Research

The digital space is rife with hype. By taking a methodical approach to identify technical differentiation coupled with a scalable business model and sound go-to-market strategy, we can sift through the noise and find the most promising companies in the space. Many have one or the other, but it’s less common to find all three, which makes these startups key companies to watch or engage with.

We categorized the startups into four key trends that innovators in the digital transformation space should be tracking:

    1. Foundational Technologies – Foundational emerging digital technologies like AI and IoT evolve fast, and tracking evolution and differentiation here is hard. We focus on understanding what is possible with these technologies – and what’s not – in order to separate the promising from the hyped.

    2. Industry 4.0 ​– Emerging digital technologies promise efficiency, cost reduction, and flexibility. Extracting ROI from these technologies while simultaneously meeting the varied demands of customers is challenging. We track the players and solutions for technologies that move quickly from idea to value.

    3. Personalized Products and Services – AI and IoT unlock new value from the products companies build and bring health management directly to the patient. Sensing and connectivity add a unique data stream to products, and analytics and AI create additional value and generate new business models by adjusting the products to the individual.

    4. Innovation Transformation​ – R&D and innovation are in the midst of a transformation. From NLP to informatics, digital tools can help us collaborate, find whitespace, understand trends and key players, and iterate toward the right solution more efficiently.

 

The named top startups include Cardea Bio, Tecton, Xandar Kardian, Hugging Face, Mech-Mind, C3.ai, Sight Machine, Illusive Networks, Bright Machines, Seeq, LifeNome, Molecular You, Skintelligent, Ectosense, Biorithm, QuesTek Innovations, nTopology, Nuron, Enko Chem, and Brightseed. Download the market map to learn more.

Battling COVID-19 with Transformational Tech: Singapore Case Study

Battling COVID-19 with Transformational Tech: Singapore Case Study

Read More
The Digital Transformation of Supply Chain Management Report

The Digital Transformation of Supply Chain Management Report

Read More
Lux Research Establishes New Framework for Selecting Robotics Vendors

Lux Research Establishes New Framework for Selecting Robotics Vendors

Read More
More Digital Research
Schedule Your Demo