TE Connectivity survey: Return on investment becomes top priority as AI age evolves
Annual Industrial Technology Index reveals companies are now more focused on AI's bottom-line impact than innovation goals
GALWAY,
For the first time in the four years TE has published the Industrial Technology Index to understand from engineers and business leaders what is driving innovation at their companies, financial returns are being prioritized over product innovation. Forty-three percent of executives said their top priority is increasing company profits, up 17 points from last year, while those who selected product innovation were down nine points to 26%. Engineers followed suit, with 31% selecting company profits (+2 points) and 24% prioritizing product innovation (-7 points).
"AI integration is increasing at companies around the world, but this year's TE Connectivity Industrial Technology Index found many are facing challenges aligning on what success looks like once it is embedded into everyday workflows," said CEO
As the quest for return on investment continues, survey respondents from
Data from this year's Industrial Technology Index also showcases trends around AI in sustainability, its integration into daily work, its impact on engineering talent needs and more. To read the full report, visit te.com/techindex.
About TE Connectivity
TE Connectivity plc (NYSE: TEL) is a global industrial technology leader creating a safer, sustainable, productive, and connected future. As a trusted innovation partner, our broad range of connectivity and sensor solutions enable the distribution of power, signal and data to advance next-generation transportation, energy networks, automated factories, data centers enabling artificial intelligence, and more. Our more than 90,000 employees, including 10,000 engineers, work alongside customers in approximately 130 countries. In a world that is racing ahead, TE ensures that EVERY CONNECTION COUNTS. Learn more at www.te.com and on LinkedIn, Facebook, WeChat and Instagram.
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SOURCE TE Connectivity plc
