Resources, People, and Innovation: Driving Business Growth in Aerospace and Defense
“The convergence of cloud, mobile, social and big data is reshaping the future of business, empowering a new era of business model transformation – and the organizations that properly prepare for and implement these solutions will be those that reap the real benefits.”
By Magnus Bjorendahl, VP-Aerospace and Defense, SAP
Regardless of the industry, there are a variety of technological, demographic and economic factors driving an unprecedented era of change for today’s businesses. The “always on,” hyper-connected customer often uses more sophisticated and intuitive software at home than at work. For the first time in history, Millennials are outnumbering Baby Boomers in the workforce, affecting how today’s businesses hire, retain and engage talent.
On top of this, increased pressure on natural resources is causing companies to adjust their approach to areas such as manufacturing, supply chains and employee management to effectively manage scarce resources. For aerospace and defense industry, there are additional pressures driving the need for business transformation. Airlines and defense customers are expecting products that are more capable, cost-effective and reliable. And with the volume of usable industry data being generated growing exponentially, aerospace and defense companies need to find ways to extract value from that data.
These changes in technology, workforce demographic and resources are just a few factors driving today’s companies to adjust the way they engage, react and respond in order to grow and stay competitive. The question that will begin separating the successful organizations from others is if they are prepared to capitalize on these opportunities.
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This thought leadership article appeared recently in the new CIO Review Aerospace Special, March Edition
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