AEROSPACE AND DEFENCE
It is a niche industry, evolving and structuring itself to be one of the best industries the world has.
Aerospace and defense companies are going through disruptive changes and overwhelming, competing challenges as they continue to navigate the impacts of the COVID-19 pandemic. We believe this points to a singular conclusion: digital transformation.
Aerospace and defense executives acknowledge this and anticipate more than a two- fold increase in the sale of new digital services over the next few years. Failing to act could have harmful repercussions. Over 80% fear substantial cost escalations alongside losing significant market share if they fail to overcome organizational challenges for digital reinvention.
Companies that successfully embrace digital at the core of their businesses achieve up to four times better returns on their digital investments than other industry players and are successfully scaling more than 50% of their digital proof-of-concept. Over 80% of aerospace and defense executives fear substantial cost escalations and losing significant market share if they fail to overcome organizational challenges for digital reinvention in this pandemic.
