London, United Kingdom, October 11 – A survey conducted by information technology consulting firm, Aveva has revealed that 85 percent of businesses globally 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 survey which was conducted among 850 digital transformation experts across industries such as manufacturing including large-scale agribusiness and food and beverage, infrastructure, energy, power, and chemical processing, found that 89 percent of the firms are committed to achieving net-zero carbon emissions across their businesses and to tackling climate change within a five-year time horizon.
“About 80 percent of industrial companies are focused on meeting or exceeding environmental regulations, while 83 percent say they will prioritize the transition to renewable energy sources. Supporting circularity and recycling within the value chain is important for 83 percent of customers, led by Latin America (44 percent of companies),” the survey noted.
Ravi Gopinath, AVEVA’s Chief Strategy Officer and Chief Cloud Officer, said that most of the firm’s management is leveraging advanced analytics and digital innovation to rethink how they design, engineer and operate.
“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,” he said
Nine out of ten industrial companies surveyed found that 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,” the survey added.