Top 10 Defense Technology Consulting/Services Companies - 2019
The rapid advancement of technology has changed the battle landscape. The defense industry is overwhelmed with a wide variety of disruptive forces ranging from market development to technological innovations to geopolitical turmoil. In response to these changes, organizations in the defense space are restructuring their portfolios through consolidation and new revenue streams, particularly in the aftermarket and sustainment segments.
Technology modernization has become a priority for defense companies to meet the increased commercial demand and limited defense budgets. Every experience in the defense landscape is becoming digital as ordinary things are being converted into intelligent devices. Additional pressures driving the need for business transformation include customer expectations for capable, cost-effective, and reliable products. With the volume of data generated in the industry, which is growing at an exponential rate, defense organizations are finding ways to extract value from the information available. Organizations are partnering with governments to cater to military use cases such as analyzing drone footage and mitigating potential threats.
Owing to the changing client expectations, many companies are leveraging automation, robotics, and artificial intelligence technologies—that is redefining defense strategies with human-machine collaboration and autonomous military mechanism. With the infusion of sensors and control systems in driverless tankers and tactical vehicles along with technological advancements such as self-steering bullets, unmanned submarine hunter, and laser cannons, digital leaders are essentially reinventing their workforces.
With the internet of things (IoT), live insights can be obtained from the real world into the defense industry’s equipment manufacturers. Through a highly connected network of people, products, manufacturing units and businesses, there is a greater impact on the production of equipment as well as the services that are offered. IoT enables organizations to stay in touch with their products, thereby enriching the production process with real-time information. As services deploying AI and ML come into action, they make processes smarter, transactions faster and frees up resources enabling the defense organization to use the available facilities for strategic activities and plans.
There has been an investment towards improving the safety of the soldiers through Autonomous Mobility Applique System, which acts as a multi-platform kit that performs automated functions in defense vehicles. Within the next few years, there would also be Squad Missions Support System technology vehicles ranging from site shuttle operated by robots to site security using radio frequency tags and autonomous patrols.
Services are also being offered to turn information into business efficiencies by structuring the data into an understandable representation to derive the root cause analysis and predict the outcomes of various processes in the defense industry. As the future of the defense landscape will be highly intertwined with technological advancements, it is crucial for organizations to invest in services that meet their adequate requirements. Keeping these prerequisites in mind, a distinguished panel of CEOs, CIOs, VCs, technical analysts together with CIOReview’s diligent editorial board has put together a list of competent defense companies who offer robust services that can bolster national security efforts.
We present to you, “10 Most Promising Defense Technology Consulting/Services Companies – 2019.”