Page 18 - MMI- Nov-Dec-2021

collaborate better, operate with carbon emissions across their
agility, and elevate what they businesses and to tackling cli-
can achieve. This is set to trans- mate change within a five-year
form how we all live and work.” time horizon. Indeed, focus on
sustainability has become a
Pandemic catalyzing prerequisite for success in the
digital acceleration industry, leaders affirmed.
Nine out of 10 industrial com- Sustainability-led demands
panies see combining advanced will consequently drive inno-
technologies such as the Indus- vation across the value chain,
trial Internet of Things (IIoT), 85 percent of companies say.
AI, and cloud with their teams’ These companies are planning
The
pandemic insights as key to driving better to increase visibility and per-
has performance in a post-pandem- formance assurance for sus-
increased ic world. AI and automation are tainability-related metrics as a
focus on now seen as necessary technol- result. Germany, Austria, and
the need ogies to keep pace with com- Switzerland lead the global
for urgent petitors. In China and Germa- race for environment-linked
climate ny, more than half (56 percent business innovation, with 47
action and 55 percent, respectively) percent seeing it as a signifi-
and most have identified digital trans- Source: AVEVA cant focus, compared to 41 per-
industrial formation as their top priority cent globally.
enterprises “Industrial leaders are leveraging
(90 percent) for the coming year, with in- advanced analytics and digital About 80 percent of industri-
cite this vestments focusing on work- innovation to rethink how they al companies are focused on
as a core force solutions, cyber security, design, engineer, and operate.” meeting or exceeding environ-
action area. connected worker strategies, Ravi Gopinath mental regulations, while 83
and the cloud. Chief Strategy Officer & percent say they will prioritize
Chief Cloud Officer
AVEVA the transition to renewable
Tackling climate energy sources. Circularity
change through and recycling within the val-
digital transformation al enterprises (90 percent) cite ue chain are important to 83
The pandemic has increased fo- this as a core action area. Nine percent of customers, with Lat-
cus on the need for urgent cli- in ten (89 percent) are com- in America leading the way
mate action and most industri- mitted to achieving net-zero (44 percent of companies).

18 | November-December 2021 Modern Manufacturing India