Are engineering firms driving or impeding new technologies adoption?

There is increased focus on how Digital will disrupt the E&C sector. Most executives now understand that soon, engineers will not design, they will develop the algorithms that automate the design of solutions. According to the 2023 Deltek Clarity survey, ¾ of E&C participants worry that they will lose market share within 2 years if they fail to transform. Also, CAPEX is increasing in most sectors, therefore successful transformation is not only seen as a necessary mean to remain profitable, but also to increase capacity and gain market share. However, it is common for E&C firms to struggle in transforming leveraging Technologies. Usual "ways of working" such as focus on utilization rate, risk aversion and silos can impede a successful transformation. There would be merit in conducting a panel discussion with leaders from different horizons to discuss the above, focusing on the why, potential solutions and how they made meaningful progress happen while addressing these challenges.