TRENDING enable them to tackle these challenges head-on . Leading companies are investing in cloud-based software solutions enriched with sector-specific AI to connect their teams , drive deeper collaboration and build the industries of the future . This gives leaders the agility , resilience and sustainability capabilities they need to succeed in today ’ s fast-evolving industrial landscape .”
Other key findings include :
• Cloud , analytics and AI drive the majority of investments to close the gap . Companies are
Historic labour shortages pose an urgent threat to industrial digital initiatives . looking at a number of digital solutions to combat lack of insight into data , including cloud computing , data management infrastructure , flexible work options and analytics and AI . More than three in five of top execs included cloud computing ( 63 %) and analytics and AI ( 62 %) among their top priority areas for increased investment over the next 12 months and nearly all ( 98 %) see augmenting their existing industrial engineering and operations workflows with cloud capabilities as essential .
• The US leads the way in industrial digital solutions : US executives are more likely than execs globally to say their company ’ s investment will increase significantly over the next 12 months ( 35 %, compared to 27 % globally ).
• The chemicals industry is prioritizing digital investments to drive a more sustainable future . In fact , 62 % of chemicals leaders have increased or accelerated their investment in industrial digital
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