Connected Industrial Economy and Data Partnerships

This document is a report on the findings from AVEVA’s Connecting the Future study, published in 2022 in collaboration with Wakefield Research. It discusses the increasing investment in industrial digital solutions by businesses and the necessity of fully utilizing digital technologies to maximize benefits, particularly in uncertain economic conditions. The report emphasizes the importance of interoperability across the value chain and the role of cloud-connected networks in addressing challenges such as supply chain disruptions and labor shortages. It highlights the concept of the Connected Industrial Economy, which relies on data sharing among partners to drive industrial growth. The report also features insights from industry leaders at AVEVA World 2022, including Dominion Energy's use of the AVEVA Data Hub for renewable energy operations. Furthermore, it outlines the significance of the industrial metaverse in fostering collaboration and innovation, ultimately aiding businesses in navigating complex challenges while striving for sustainability.