TE Connectivity’s inaugural Industrial Technology Index surveyed engineers and executives from more than 14 global industries being rapidly reshaped by technological advancements to better understand today’s innovation challenges. It identifies 10 key findings and five steps for improving both the pacing and efficacy of innovation efforts.
Davy Brown, Vice President and Chief Technology Officer, Industrial Solutions at TE Connectivity
The world is rapidly being reshaped by technological advancements including e-mobility, renewable energy, artificial intelligence, and the Internet of Things. These emerging technologies provide creative solutions for today’s economic and social challenges and, unsurprisingly, have proven more likely to be developed, advanced, and successfully capitalized on by companies that foster a culture of continuous innovation. But that’s not the only contributing corporate variable.
Innovation on this scale is a complex process that requires special skills, a robust design and engineering process, a commitment to tracking and effectively responding to shifting customer demands, and internal processes that support collaboration and innovation. Internal organizational processes that don’t explicitly support collaboration and innovation can instead stifle it, leading to disorganization and inadequate resources.
As a global industrial technology leader and a go-to engineering partner for innovative companies in many different industries, TE Connectivity has experienced several of these challenges firsthand, and we know that we’re not alone. So, to better understand these challenges and identify innovation trends that we can track over time to help technology leaders prime their businesses for continued success, we surveyed engineers and executives around the world to see how they perceive these challenges and identify areas of opportunity for future growth.
We conducted our inaugural Industrial Technology Index survey between July 27 and August 9, 2022, and included professionals from the wireless technology, 5G, data, cloud computing, AI, automotive, industrial machinery, energy solutions, sensor applications, commercial and home appliances, aerospace and defense, and medical device and technology industries.
The survey indicates that innovation is a top priority for most companies and that they’re committed to making the investments necessary to achieve their innovation goals, but that they face several roadblocks that can impede innovation.
TE Connectivity’s 2023 Industrial Technology Index identifies 10 key findings and five steps for improving both the pacing and efficacy of innovation efforts. Key takeaways include that engineers and executives have differing views on the definition of innovation and the pace at which it’s achieved and are not aligned on the importance of implementing sustainable practices within their organizations.
For more information about the challenges that are hindering innovation and the opportunities that technology leaders can leverage to position themselves for future success, download TE Connectivity’s 2023 Industrial Technology Index.
About TE Connectivity
TE Connectivity designs and develops advanced connectivity and sensor solutions to help today’s innovation leaders and technology entrepreneurs solve tomorrow’s toughest challenges. TE’s extensive product portfolio is backed by more than 75 years of experience and engineered to enable a safer, sustainable, productive, and connected future. Solutions support applications ranging from power electric vehicles and aircraft to digital factories, smart homes, medical technologies, efficient utility networks, and the global communications infrastructure.
RS offers more than 95,000 TE Connectivity products, as well as more than 38,000 products from its world-renowned harsh-environment DEUTSCH line. For assistance identifying and deploying TE Connectivity products that can improve the connectivity capabilities, performance, and reliability of your electronics applications, please contact your local RS representative at 1.866.433.5722 or reach out to RS’ technical support team.
