Engineering and manufacturing leaders in Europe share their views on the energy transition.
Findings from our Industry X European Pulse Survey (in field September 2022) shows that energy transition is an enterprise-wide challenge.
Respondents indicated (with >50% share of total votes received, except for engineering at 43%), that every function will be impacted by the energy transition. IT departments took top position (64%) this fiscal, with the focus shifting to products/services and operations next fiscal.
Despite concerns for unstable energy systems, respondents say they plan to reduce CO2 emissions in the next 10 years. 92% plan to decarbonize their internal operations by 10% or more and a further 82% will decarbonize the products they make by 20% or more.
Lacking fuel to transform, but high hopes for AI
Availability of infrastructure and missing qualified personnel are the two biggest challenges at hand. That said, half of respondents believe artificial intelligence (AI) will be an important ingredient in the solution.