Aviation industry most progressive in digital maturity, research shows
IFS research shows major differences in digital maturity across industries with aviation being the most progressive while oil and gas lags behind Big Data, Enterprise Resource Planning and Internet of Things (IoT) were noted as top investment areas for digital transformation, but one in three companies are unprepared due to talent deficiency.
IFS, the global enterprise applications company, revealed its findings from its Digital Change Survey that polled 750 decision-makers in 16 countries to assess the maturity of digital transformation in sectors such as manufacturing, oil and gas, aviation, construction and contracting, and service.
Nearly 90 per cent of firms surveyed have “adequate” or “advantageous” funding for digital transformation, indicating a strong willingness to invest and an appetite to evolve their business in order to stay competitive and grow. When asked about prioritised investment areas, the top three choices were IoT, ERP and Big Data & Analytics.
“It is apparent that companies today understand the urgency of focusing on digital transformation.” IFS VP of global industry solutions Antony Bourne said. “Technologies such as big data and analytics, Enterprise Resource Planning and Internet of Things are paramount to transforming a business. Companies need to apply innovative technologies hand in hand with their relevant industry expertise to succeed and gain a competitive edge. It is this combination that makes digital transformation both meaningful and powerful”.
“In a time when global competition is heating up, Thailand’s manufacturing businesses need to find new avenues to compete both on a local and global scale. It is investing and taking advantage of these disruptive technologies such as Industry 4.0 that will generate the smart factories of tomorrow to ensure companies remain viably competitive,” Sridharan Arumugam, vice president for Southeast Asia at IFS, said.
