Survey reveals 85 percent of Businesses plan to Increase Investment in Digital Transformation and Sustainability

By OEM Update Editorial October 6, 2021 7:00 pm IST

Over 850 Global Industrial Leaders Polled Use Digital Tools to Elevate Performance and Drive Sustainability –an Accelerating Trend finds AVEVA Survey.

AVEVA, one of the global leaders in industrial software, driving digital transformation and sustainability, reveals that 85 percent 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.

“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.”

The pandemic has increased focus on the need for urgent climate action and the majority of industrial enterprises (90 percent) cite this as a core action area. Nine in ten (89 percent) 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.

“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 percent of companies believe they are on a journey to realising Performance Intelligence, while 89 percent 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.

For more info, visit:  www.aveva.com