The buzz: “Both optimists and pessimists contribute to the society. The optimist invents the aeroplane, the pessimist the parachute. (George Bernard Shaw)
The aerospace and defense industry (A&D) has been at the forefront of digital transformation for years, using IoT sensors to track and assess performance and improve safety.
Now, with more demand for new planes and passenger capacity, some OEMs are considering not selling aircrafts and engines, but instead selling the performance of these machines via new products and services.
Global industry leaders are gaining needed flexibility with an Internet of Things approach and by upgrading technology infrastructure with Artificial Intelligence, Machine Learning, 3D printing, cloud, and analytics.
What will A&D’s future look like?
The experts speak.
John H. Schmidt, Accenture: “Show me the money.” (Jerry Maguire, 1996 film)
Torsten Welte, SAP: “The probability of success is difficult to estimate; but if we never search the chance of success is zero.” (Giuseppe Cocconi and Philip Morrison 1959 paper, “Searching for Interstellar Communications”)
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