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 five 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 improvement on their digital investments than other industry players, and are successfully scaling more than 50% of their digital proofs-of-concept.
We have a three-point approach for businesses to map their digital future, helping them build resilience and unleash growth.