{"id":45221,"date":"2020-01-27T09:55:56","date_gmt":"2020-01-27T09:55:56","guid":{"rendered":"https:\/\/www.intelligentcio.com\/me\/?p=45221"},"modified":"2020-01-31T08:48:37","modified_gmt":"2020-01-31T08:48:37","slug":"research-reveals-three-key-investment-priorities-for-organisational-digital-transformation-agendas","status":"publish","type":"post","link":"https:\/\/www.intelligentcio.com\/me\/2020\/01\/27\/research-reveals-three-key-investment-priorities-for-organisational-digital-transformation-agendas\/","title":{"rendered":"Research reveals investment priorities for Digital Transformation agendas"},"content":{"rendered":"\n<p>AVEVA, a global leader in engineering and industrial software, has revealed\nglobal survey findings identifying the key investment drivers of Digital\nTransformation across 1,240 EMEA, North\nAmerica and APAC decision makers across nine industry verticals.<\/p>\n\n\n\n<p><strong>Middle East <\/strong><strong>organisation<\/strong><strong>s demonstrate lower demand for AI than global trend <\/strong><\/p>\n\n\n\n<p>The Middle East demonstrated less demand for\nAI (45% vs global mean 75%) and Advanced Process and Engineering Design (44% vs\nglobal mean 74%) yet led global demand in five technologies, more than any\nother nation: <\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>3D Visualisation (59% vs global mean 27%)<\/li><li>IoT or Edge (56% vs global mean 30%)<\/li><li>Enterprise mobility (51% vs global mean 31%)<\/li><li>Model Simulations (50% vs global mean 25%)<\/li><li>Laser Scanning (41% vs global mean 21%)<\/li><\/ul>\n\n\n\n<p>\u201cNew emerging technologies like AI are taking time to gain traction in\nthe Middle East so the research findings mirror what we are witnessing in the market,\u201d\nsaid Mohamad Awad, Regional VP for the Middle East, AVEVA.<\/p>\n\n\n\n<p>\u201cAI has the potential to disrupt markets in the Middle East by creating\ninnovative new services and entirely new business models. We are already\nwitnessing its impact in Europe and North America across several industries and\nmarket sectors and we are confident that the trend will follow in the Middle\nEast region. <\/p>\n\n\n\n<p>\u201cWith the eruption of AI, some of the market leaders five to ten years\u2019\ntime may be organisations that are not even\nkey players today.<\/p>\n\n\n\n<p>The research also identified\nthree key global investment priorities for organisations when it comes to embarking upon the Digital\nTransformation journey:<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>Making sense of data utilising Artificial Intelligence and real time data visualisation<\/li><li>The research highlighted a strong demand for technologies that provide predictive outputs from large data flows, with AI and Analytics listed as the most important enabler (75%), closely followed by Real-Time Data Visualisation (64%), Augmented, Virtual or Mixed Reality (60%) and Big Data Processing (59%)<\/li><li>AI was a top three enabler across all industries globally, with the greatest importance assigned in power and utilities (81%) and Oil and Gas (particularly upstream 79% and midstream 78%) <\/li><li>Japan (88%) and China (84%) prioritised AI the highest, with the UK (79%) and US (77%) following closely behind<\/li><\/ol>\n\n\n\n<ul class=\"wp-block-list\"><li>Advanced\nProcess and Engineering Design was the second most important technology (74%)\nand was in the top three technology priorities across all industries globally,\nscoring highest among engineering, procurement and construction professionals<\/li><li>This was\nperceived as an essential technology for global production, ranked as the most\nimportant enabler for marine ship building (75%), buildings and infrastructure\n(74%) and packaged goods (73%), with oil and gas and energy all ranking the\ntechnology highly<\/li><li>Japan (85%)\nand Germany (82%) are early adopters with high importance attributed across all\nregions<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Stepping up cybersecurity and safety capabilities<\/li><li>Cybersecurity was the third most prioritised technology enabler (71%) and in particular a focus for mining (76%), downstream oil and gas (75%), power and Utilities (70%) and marine (70%) and the highest priority for planning and scheduling specialists<\/li><li>Improving safety and security through technology investment was a priority across all regions, with the Middle East (68%), Australia (63%) and India (60%) particularly highlighting this issue<\/li><\/ul>\n\n\n\n<p>For global corporates the two most valuable\nassets are their people and their data. Businesses today have great\nresponsibility to protect employees and customers, with technology that\nprovides the foresight to critical failures before they occur. <\/p>\n\n\n\n<p>Lisa Johnston, CMO, AVEVA, said: \u201cAs Digital Transformation moves to the forefront of the industrial agenda, the power of technology to unify data and break silos is allowing specialists to collaborate and change business models. The world\u2019s most capital-intensive projects, from sustainable energy production and mining to smart factories and connected cities are now being designed, planned and delivered by global multidisciplinary teams all connected seamlessly through technology.\u201d<\/p>\n\n\n\n<p><strong>Other findings from the research included:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Asset Performance Managers (APM) were found to have the most demanding\ndesires for technology investment, requiring a far-reaching product set and\nvisionary approach. APM was set apart\nfrom all other professional categories in the strength of their demand for\ntechnology to create new services or products, use data to drive new revenue\nstreams and to enable collaboration with AI and Analytics their most important\nenabler. APM also identified technology as providing a great potential to\nupgrade both safety and security and emergency response times.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Face-to-face engagement and trust remain key vectors for driving sales success.<strong> <\/strong>Face-to-face meetings with a vendor, either at a vendor event or as an introductory meeting, are most influential across all categories, with personal referrals also particularly meaningful. Experience with a vendor is highly prioritised in UK, China and India while France, Japan and Australia place considerable weight on case studies from the vendor.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Remote Operations Centres and Learning Management and Training scored\nhighest for relevance across global industries. China and Japan see a Command Centre as most relevant, while the US and Australia cite Supply Chain Optimisation\nis key to their business.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Delivering cost reduction and enhancing safety prioritised by high growth\norganisations.<strong> <\/strong>The countries prioritising cost reduction have been fast to scale over\nthe past decades &#8211; China (61%), India (58%) and the Middle East (60%) indicated that\nsignificant margin improvement is possible in these geographies from software\nsolutions. This demand for greater efficiency mirrored a requirement to invest\nin technology to promote safety as these economies continue to mature (China\n51%, UAE 68% and India 60%). <\/li><\/ul>\n\n\n\n<p>\u201cThis research was an opportunity to hear from\nboth our existing as well as potential new customers across the globe and our\nfindings mirror the growing demands for technology solutions in the market\nglobally today,\u201d added Johnston.<\/p>\n\n\n\n<p>\u201cEmerging technologies like AI, Machine\nLearning and Edge Computing which are transforming the technology\nlandscape with vast data streams delivering operable output as well as true\nbusiness outcomes for our customers today.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"<p>AVEVA, a global leader in engineering and industrial software, has revealed global survey findings identifying the key investment drivers of Digital Transformation across 1,240 EMEA, North America and APAC decision makers across nine industry verticals. Middle East organisations demonstrate lower demand for AI than global trend The Middle East demonstrated less demand for AI (45% [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":45222,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5307,6787,6,54,13],"tags":[11214,11213,3211,112,6683,11222,2073,11212,11220,1530,908,4775,3997,495,284,11216,11221,3430,562,11219,11215,11217,11218,2077],"class_list":["post-45221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-digital-transformation","category-insights","category-research","category-top-stories","tag-3d-visualisation","tag-advanced-process-and-engineering-design","tag-ai","tag-analytics","tag-apm","tag-asset-performance-managers","tag-augmented-reality","tag-aveya","tag-big-data-processing","tag-cybersecurity","tag-digital-transformation","tag-edge","tag-edge-computing","tag-enterprise-mobility","tag-iot","tag-laser-scanning","tag-lisa-johnston","tag-machine-learning","tag-middle-east","tag-mixed-reality","tag-model-simulations","tag-mohamed-awad","tag-real-time-data-visualisation","tag-virtual-reality"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/45221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/comments?post=45221"}],"version-history":[{"count":2,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/45221\/revisions"}],"predecessor-version":[{"id":45318,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/45221\/revisions\/45318"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/media\/45222"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/media?parent=45221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/categories?post=45221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/tags?post=45221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}