What is more, Accenture and some of its top-tier aerospace clients already are using AI systems in forecasting and other decision-making processes, freeing up labor to be re-tasked for other projects. The rate of adoption is catching even the consultants off guard.
According to the report, 70% of A&D leaders expect it to take two years or fewer for new and emerging technology adoption overall. Half of them report already investing in related technology, including AI, “Internet of Things” connectivity, robotics, and autonomous machines.
A&D leaders said they see new technology having the greatest effect in their production, security and research and development efforts, in that order. But it will have an impact on more than just day-to-day operations or back-office functions. Four out of five respondents also said they are increasingly using data to drive critical and automated decision-making.
Above all, 94% surveyed said they believe this next generation of technology will be moving into physical environments through increased adoption of augmented reality, connected devices, and robotics.
Nevertheless, executives are cognizant of growing challenges brought about by the new technologies, starting with the fact that demands for data sharing will only increase. About 90% of poll takers said their A&D companies expect the data exchanged with major business partners will grow over the next two years.
Robotics and AI technologies are on the brink of reshaping defense, and the Department of Defense (DoD) is relying more and more on technologies from commercial players outside the defense industry. Without deliberate moves to compete in the emerging AI and robotics spaces, traditional defense contractors face a downward spiral of disruption and declining relevance. The good news is that, in terms of market insights and data, traditional contractors should have a structural advantage over new entrants. But to avoid segment retreat and win in these emerging markets, they need to take deliberate steps to capitalize on their advantages, starting today. The nature of combat is evolving. Defense contractors must evolve as well.
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