AVEVA
reveals that 85% of businesses plan to increase their investment in digital
transformation over the next three years in order to tackle climate change,
embrace automation and unlock the performance benefits of advanced
technologies. The findings were drawn from an AVEVA-commissioned survey focused
on innovation priorities of senior industry leaders and managers.
AVEVA surveyed over 850 digital transformation experts
across industries such as manufacturing including large-scale agribusiness and
food and beverage, infrastructure, energy, power and chemical processing. The
objective was to understand the different market opportunities, pressures and
innovations driving industries to embrace digital operations, using a
combination of AI, industrial software and human insight to deliver
unprecedented performance.
"Industrial leaders are leveraging advanced analytics and
digital innovation to rethink how they design, engineer and operate," says Ravi
Gopinath, Chief Strategy Officer and Chief Cloud Officer, AVEVA. "Bringing
together rich, timely and accurate industrial data with the scope and scale of
the cloud, smart analytics and artificial intelligence (AI) are empowering
industrial teams to collaborate better, operate with agility and elevate what
they can achieve. This is set to transform how we all live and work."
Digital acceleration, driven by the pandemic
Nine out of ten industrial companies see combining advanced
technologies such as the industrial internet of things (IIoT), AI and cloud
with their teams' insights, as key to driving better performance in a
post-pandemic world. AI and automation are now seen as necessary technologies
in order to keep pace with competitors. In China and Germany, more than half
(56% and 55% respectively) have made digital transformation their top priority
over the coming year, with investments focused on workforce solutions, cyber
security, connected worker strategies and cloud.
Tackling Climate Change Through Digital Transformation
The pandemic has increased focus on the need for urgent
climate action and the majority of industrial enterprises (90%) cite this as a
core action area. Nine in ten (89%) are committed to achieving net-zero carbon
emissions across their businesses and to tackling climate change within a
five-year time horizon. Indeed, focus on sustainability has become a
prerequisite for success in industry, leaders affirmed.
Sustainability-led demands will consequently drive
innovation across the value chain, 85% of companies say. These companies are
planning to increase visibility and performance assurance to sustainability
related metrics as a result. Germany, Austria and Switzerland lead the global
race for environment-linked business innovation: 47% in these countries see it
as a significant focus, as opposed to 41% worldwide.
About 80% of industrial companies are focused on meeting or
exceeding environmental regulations, while 83% say they will prioritize the
transition to renewable energy sources. Supporting circularity and recycling
within the value chain is important for 83% of customers, led by Latin America
(44% of companies).
"At AVEVA, we are committed to helping our customers unlock
the benefits of digital transformation to drive efficiency and sustainability.
As the industrial world accelerates, AVEVA's solutions offer a proven pathway
to support the shift to net zero while driving profitability and
sustainability. Our study shows that Performance Intelligence, which is AVEVA's
unique capability to combine data and AI-infused analytics that span the entire
industrial lifecycle, is accelerating sustainability for many businesses. The
new research reveals that 75% of companies believe they are on a journey to
realizing Performance Intelligence, while 89% state that they are committed to
driving sustainability. At AVEVA, we are committed to supporting both of these
aspirations, to drive even greater value," Gopinath concluded.