This archive report was first published on 11 October 2021.
As the world grapples with the challenges of climate change, a recent survey by AVEVA has shed light on the growing trend of businesses investing in digital transformation to combat this pressing issue.
Conducted among 850 digital transformation experts across various industries, the survey found that 85% of businesses globally plan to increase their investment in digital transformation over the next three years.
The primary drivers behind this shift include tackling climate change, embracing automation, and unlocking the performance benefits of advanced technologies.
Notably, 89% of the firms surveyed are committed to achieving net-zero carbon emissions across their businesses and tackling climate change within a five-year time horizon.
According to the survey, 80% of industrial companies are focused on meeting or exceeding environmental regulations, while 83% say they will prioritize the transition to renewable energy sources.
Supporting circularity and recycling within the value chain is also crucial for 83% of customers, with Latin America leading the way at 44%.
AVEVA's Chief Strategy Officer and Chief Cloud Officer, Ravi Gopinath, emphasized the importance of leveraging advanced analytics and digital innovation to rethink business operations.
“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,” he said.
Interestingly, nine out of ten industrial companies surveyed found that combining advanced technologies such as the industrial internet of things (IIoT), AI, and cloud with their teams' insights is key to driving better performance in a post-pandemic world.
“AI and automation are now seen as necessary technologies in order to keep pace with competitors. In China and Germany, more than half (56% and 55% respectively) have made digital transformation their top priority over the coming year, with investments focused on workforce solutions, cyber security, connected worker strategies and cloud,” the survey added.
