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.
Themes include how to go from delivering products to delivering services, how to innovate through collaboration across the ecosystem and why new business models are a game changer for the industry—and how digital technology can enable this ambition.
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.