INDUSTRY 4.0
34
A
cross the UK , the manufacturing industry is in transition . Given the current geopolitical events surrounding the UK economy , it ’ s an uncertain time . Not least within the manufacturing sector which is under immense pressure , having recently fallen in the global ranks when it comes to total output .
But times of high-pressure often bring the best innovation . An open-mindedness to disrupt . Today , new technologies such as AI , blockchain , IoT and 3D printing are totally upending traditional business models and working practices ; transforming the operations , processes , and energy footprint of factories , as well as the management of supply chains . A new era of smart manufacturing is underway .
But technology is only half the story . Access to skilled workers is set to become one of the most critical factors that sets successful companies apart from failing ones . In an increasingly data-driven future , the Coalition for a Digital Economy predicts that the UK could see a shortfall of 800,000 digital workers by 2020 .
To succeed , manufacturers need digital skills and mindsets within the business . For example , people who are familiar with collecting , consolidating and analysing the huge volume of data being generated 24 / 7 by factory floor
NOVEMBER 2019