Aviation Week's Check 6 Podcast Aerospace & Defense’s Digital Transformation Opportunity | Sponsored By Siemens
Dec 18, 2024
Todd Tuthill, Vice President at Siemens Digital Industries Software, shares insights on the digital transformation in the aerospace and defense sectors. He discusses the gap between expectations and actual benefits from digital initiatives, revealing that 72% of companies feel underwhelmed by their returns. The conversation delves into the shift toward unmanned defense systems, the challenges of rising costs, and the slow adoption of AI technologies. Tuthill emphasizes the need for innovative solutions to enhance efficiency and address supply chain issues amid evolving industry dynamics.
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Digital Transformation Expectations vs. Reality
- Companies prioritize cost reduction, workforce efficiency, and faster time-to-market in digital transformation.
- Surprisingly, many companies believe they've completed digital transformation, yet haven't achieved expected ROI.
Defense Spending Shift
- The Army canceled the $2 billion FARA program, shifting focus to unmanned tech. The Air Force is also rethinking the NGAD fighter's requirements, prioritizing cost.
Five Steps to Digital Transformation Maturity
- Companies should assess their digital transformation maturity using the five-step framework: configure, connect, automate, generate, and optimize.
- Focus on the value of each step, not just reaching the final stage.