Industry 4.0 within the Aerospace Sector: Prepare for Takeoff Mitch Magee, Director Global Advanced Manufacturing Technology, Aerospace. PPG Industries [NYSE: PPG]
Mitch Magee, Director Global Advanced Manufacturing Technology, Aerospace. PPG Industries [NYSE: PPG]
According to global survey data released by Deloitte Insights, 84% of aerospace and defense executives said they considered leveraging new digital technologies as key to market differentiation. However, only a quarter of the aerospace and defense companies surveyed are currently using these technologies and tools to access, manage, analyze and leverage data from their digital assets to inform decision-making in real time.
The impacts of digitalization and evolving customer needs are reshaping industries at a rapid pace. Although the aerospace industry has historically been slower to adapt automated processes over manual ones, it is imperative that we begin to proactively embrace a more digital approac