What A&D Companies Should Invest In After COVID-19


Can you tell us a little bit about the Tech Vision? Report and the survey that accenture has completed of all of these. Amd Xhosa and other senior leaders Michael. Every year accenture surveys over six thousand senior executives across twenty four industries including aerospace and defense. And it's a great way to get a pulse. On how companies how executives see technology and how it can help them transform and Change Your Business and as you pointed out earlier you know. We're we're we're in a stage of of Nevers so we we got unprecedented change. However as an industry and defence almost by definition solves large audacious. And so. That's what we have basing us. And this year's technology vision shows I think a good snapshot in terms a what are what are your executive. What is what's their perspective. What are their expectations around? How digital can help them navigate and certainly Looking you know post pandemic and what's important for companies to survive long term is around systems resiliency security looking at. How do they? How do they interact with with customers? Now Remotely how do I use a? I gotta use robotics things like that to increase safety and have an interaction that you want to have a with your customer. How do I introduce resiliency under the supply chain how do I innovate? Innovation was a key area that came out initiate technology vision. And so so. The report this year shows how aerospace and defense companies can use that in order to set up to get through the short-term chaos and as well setting up for for the nest in terms of longer term and viewing with with more certainty than we as. An industry are typically. Have again looking at that. Tech Vision report digital is the overarching theme. And I see these these five focal points. The I and experience a and mead the dilemma of smart things robots in the wild. Is You guys talk about and innovation DNA? And we're going to get into each of these but John. Why do these new technologies like the one jeff just talked about have the potential to disrupt handy and coming nearest so much? Why these fought? The five trends are really brought together from all the research that Jeff is talking about earlier in in when I kind of translate them into aerospace and defense and I know we're going to dive into him. We look at it across what I'll call general kind of value chain ride starting with the customer experience and that starts on the flight deck with the everybody from the crew to the passengers in seats going. Onto HOW COMPANIES ENGINEER MANUFACTURED PRODUCTS. How they work with their extended supply chain operations in aftermarket and of course is a foundational element across all of this stuff around software and information security analytics artificial intelligence and talent and expertise itself in when we can look at some of the statistics that came out of this. In terms of new technologies disrupting or refining. Is that seventy. One percent of aerospace and defense executives believe robotics are gonNA enable next generation of services which is a pretty big component of a executives looking at robotic specifically seventy seven percent already piloting or implementing. Ai Solutions. I would just maybe not such a huge surprised me although I think we can talk more about that later as well. Eighty one percent think they're connected products and services are GonNa continue to be updated. Important Component of growth in their futures and a ninety percent believed that they need to elevate relationships with their customers as partners in engaging and engaging better technology so let's Start diving into them We might as well right away Couple of interesting statistics. I've seen in the sneak peek of the report. You guys gave me seventy two percent of Andy executives that you pulled agree. That organizations need to dramatically in reengineer and I emphasize that dramatically reengineer to bring technology into a more human centric manner John this resonates with a lot of people in the wake of the seven three seven Max issues but as you and I have talked about for years. India has been wrestling with user interface and information overload for a while. This go with that. I think I think it does and and yet I would take this at even broader sense rights at the broadest sense again going back to that maybe the value chain is loosely described it starting with the pilots and the crew and a passenger experience and then thinking about next generation technology driven improvements. They'll be taking more human centric approach. So for instance we used to talk a lot about in-flight experienced for entertainment and bring your own device but now thinking about going forward how you take. Technology and new ways of engineering product to improve comfort hygiene and safety on the aircraft for instance in in the commercial side no then move onto production operations flight controls and all the way through maintenance and we're technology is able to impact our ability to engineer products. That better accomplish their tasks and in essence. What we're doing is reporting that digital thread that we've talked about with an eye towards how people interact with technology to accomplish your jobs at every step from you know the first part of Innovation Engineering Manufacturing Assembly production and operations so it seems part and parcel to the issue has been the rise of artificial intelligence and again looking at the report here. Seventy seven percent of Andy Respondent. Say They are adopting highlighting

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