Artificial Intelligence in Aerospace and Defense
September 7, 2018
Many aerospace and defense executives find themselves unable to use Artificial Intelligence to drive operational efficiencies and create better experiences for customers.
The aerospace and defense industry is grappling with major disruptive forces—from market developments to technology innovations to geopolitical upheaval.
In response, companies are reshaping their portfolios through consolidation and new revenue streams, particularly in the aftermarket and sustainment segments. But they’re also turning more and more to digital business models to improve revenue generation, drive efficiencies, and improve supply chain performance.
Ninety-seven percent of aerospace and defense executives say they are willing to digitally reinvent their business and industry.
Aerospace and defense companies must build intelligent processes that optimize revenue gains and increase efficiencies over an offering lifecycle.
AI has an increasingly central role to play in achieving that. 80% of aerospace and defense executives agree*, believing that every human in their workforce will be directly impacted on a daily basis by an AI-based decision within the next three years, and they are investing accordingly with smart, digital investments leading the pack.
How can aerospace and defense companies overcome the gap between ambition and action as part of their comprehensive digital strategy? Our research reveals four imperatives businesses must address to become smarter, connected, living, and learning.