Annual TE Connectivity Industrial
Technology Index explores the state of innovation
SCHAFFHAUSEN, Switzerland, April 29,
2024 /PRNewswire/ -- Executives and engineers at
technology companies around the world are optimistic about
artificial intelligence and sustainability as broad concepts, but
there is uncertainty around the best path forward to advance these
initiatives within their companies.
Those revelations emerged from the 2024 Industrial Technology
Index from TE Connectivity, a world leader in connectors and
sensors. For its second annual report on the state of innovation,
TE surveyed 1,000 people representing a wide range of industries in
China, Germany, India, Japan
and the United States.
"TE has devoted significant resources to sustainability and AI,
and we know other companies are doing the same. We wanted to learn
more about how these two megatrends are affecting the innovation
process and, in turn, how innovation is driving them forward," said
CEO Terrence Curtin. "What we found
was that the leaders who set a company's goals and the engineers
tasked with meeting these goals still have some work to do to align
for success."
The survey's results make apparent the disconnect between
leaders and engineers when it comes to rolling out artificial
intelligence. Three-quarters of executives say that engineers are
responsible for driving AI implementation. However, 68% of
engineers wish that leadership would lay out a clearer plan for its
implementation. When asked to peer into the near future, 79% of
both engineers and executives expect their company to invest more
in AI training over the next three years.
When responding to questions about sustainable practices at
their companies, most engineers revealed a deep passion for the
environment. Eighty-seven percent of engineers agree that it is
personally important to them to support climate change solutions in
their work. This sentiment is so deeply entrenched in the
engineering community that 34% said they would leave their job if
their company did not provide opportunities to support sustainable
initiatives. Survey data indicates that executives need to do some
more work to instill confidence in their engineering communities,
as there is a five-point difference between the groups when asked
if they were satisfied with their organization's sustainability
plan.
View the full 2024 Industrial Technology Index, including
analysis of the results by TE leaders and engineers, at
te.com/techindex.
ABOUT TE CONNECTIVITY
TE Connectivity (NYSE: TEL) is a global industrial technology
leader creating a safer, sustainable, productive, and connected
future. Our broad range of connectivity and sensor solutions enable
the distribution of power, signal and data to advance
next-generation transportation, renewable energy, automated
factories, data centers, medical technology and more. With more
than 85,000 employees, including 8,000 engineers, working alongside
customers in approximately 140 countries, TE ensures that EVERY
CONNECTION COUNTS. Learn more at www.te.com and on LinkedIn,
Facebook, WeChat, Instagram and X (formerly
Twitter).
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SOURCE TE Connectivity, LTD