‘UK manufacturers fail to understand Industry 4.0’
Ian Vallely for Works Management: There isn't enough understanding of Industry 4.0 by UK manufacturers, according to a report by BDO in partnership with the Institution of Mechanical Engineers. It said just 8% of UK manufacturers have a significant understanding of Industry 4.0 processes despite 59% recognising that the fourth industrial revolution will have a big impact on the sector, according to the report .
As the increasing use of automation, data exchange, technology and wider supply chain communications driven by Industry 4.0 provides both huge opportunities and threats to UK manufacturing, there remains a ‘gaping hole’ in the education and understanding of Industry 4.0.
According to the BDO Industry 4 0 Report, increased productivity, better data analysis, increased competitiveness and lower manufacturing costs are the top ways in which Industry 4.0 will affect UK manufacturing. Cont'd...
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