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The Boeing Company - Enterprise Tech Ecosystem Series

The Boeing Company - Enterprise Tech Ecosystem Series

  • May 2022
  • 33 pages
  • ID: 6096291
  • Format: PDF
  • GlobalData

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The Boeing Company - Enterprise Tech Ecosystem Series

Summary
The Boeing Co (Boeing) is an aerospace company that designs, develops, and manufactures commercial and military aircraft and space, defense, and security systems.The company provides various models of aircraft and business jets for commercial purposes and trainer aircraft, rotorcraft, tilt-rotor aircraft, tanker aircraft, anti-submarine aircraft, and other attack aircraft and helicopters for military purposes.

It also designs, develops, manufactures, and integrates weapons, defense systems, launch systems, and satellites.The company also provides logistics support, maintenance, training, modifications, data analytics, and information-based services.

It serves government and commercial customers throughout the world. The company has operations across North and South America, Europe, the Middle East, Africa, and Asia-Pacific.

Launched in November 2017, Boeing HorizonX India Innovation Challenge 1.0, is aimed at accelerating aerospace innovations in India. The challenge in collaboration with India’s startup T-Hub, invited innovative Indian startups to propose their solutions addressing challenges in areas including autonomous systems, advanced manufacturing, industrial IoT, analytics, AI, and machine learning.

In July 2017, Boeing partnered with 1776 to support tech startups across Middle East and North Africa.Under this partnership, Boeing will sponsor Challenge Cup Dubai, one of 75 local pitch competitions of 1776’s Challenge Cup, which aims identify innovative technology startups addressing challenges in complex, regulated industries.

This program helps Boeing HorizonX, Boeing’s company’s innovation cell, to gain access to innovative technology startups and accelerate potentially transformative aerospace technologies, manufacturing innovation, and emerging business models.

In October 2019, Boeing and Aerospace Technology Institute (ATI) have launched a two-year investment program to support start-up companies in the UK aerospace industry. Boeing aims to invest £2 million ($2.45 million) over the two-years. It is a three-month accelerator program that identifies startups creating Industry 4.0 and sustainability enabling technologies, while the potential start-ups could receive up to £100,000 ($137,000) each. Apart from financial support the program also provides expert mentoring to enhance the UK’s start-up community and strengthen aerospace innovation.

In October 2015, Boeing collaborated with Carnegie Mellon University to establish Boeing/Carnegie Mellon Aerospace Data Analytics Lab, an academic research initiative that leverages university’s leadership in machine learning, language technologies and data analytics. The lab aims to explore the use AI and big data technologies to capitalize on huge amount of data generated in the design, construction. and operation of aircraft.

Boeing announced in May 2022 that it aims to construct a research and technology hub in Northern Virginia as part of its attempt to tap into engineering and technology expertise across the United States and around the world.The hub will aim to make breakthroughs in cyber security, autonomous operations, quantum sciences, and software and systems engineering.

In addition, Boeing also designated Northern Virginia as its new headquarters.

This report provides insight into The Boeing Company’s digital strategies, including its digital transformation strategies, its innovation programs, its technology initiatives, its estimated ICT budget, and its major ICT contracts.

Scope
Boeing is leveraging several emerging technologies to improve its operations and draw meaningful insights from data -
- Artificial Intelligence - Boeing is building and training machine-learning algorithms to identify patterns in data and make better recommendations. It is leveraging AI to automate complex jobs to improve productivity, quality and safety while helping to meet delivery schedules.
Augmented Reality - It is providing AR glasses to its technicians to assist them during the conception phase and for routine maintenance of aircraft. It also aims to leverage the technology to enhance assembly line efficiency and maintenance quality.
- Big Data - Across defense and other business segments, Boeing’s Digital Solutions & Analytics service helps customers enhance their operational efficiency with software and mobile applications.
- Boeing has partnered with several companies to leverage their emerging technologies. For instance, Boeing partnered with SparkCognition, a cognitive computing company, to form SkyGrid, and build a robust airspace management software platform to ensure the safe, secure integration of air vehicles. In addition, Boeing and Kitty Hawk Corporation announced the formation of a joint venture, called Wisk, to advance the development of Cora, a two-passenger air vehicle that combines electric power, self-piloting software, and vertical take-off. Boeing also partnered with Aerion to advance the future of sustainable supersonic travel.
- As part of its business transformation, Boeing is focused on technology development. Across Its commercial, defense, business aviation and aviation markets, Digital Solutions & Analytics platform helps enhance operational efficiency with software and mobile applications. The platform’s products powered by Boeing AnalytX, uses data analytics to turn data into insight, and provides expertise from asset health management and predictive maintenance to supply and enterprise resource planning. These solutions help customers reduce fuel consumption, optimize crew utilization, minimize disruption impact, and increase asset availability.

Reasons to Buy
- Gain insights into The Boeing Company’s tech operations.
- Gain insights into its digital strategies and innovation initiatives.
- Gain insights into its technology themes under focus.
- Gain insights into various product launches, partnerships, and acquisition strategies.

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