Industry 4.0 refers to a “4th industrial revolution”, the consequence of the impact of digital technologies within manufacturing. This transformation builds on earlier revolutions in relation to industrial automation.
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Manufacturing executives share their views on Industry 4.0
1. The UK is enjoying its highest
ranking in the past decade
according to the WEF global
competitiveness index.
INDUSTRY 4.0 HAS THE ABILITY TO
GIVE THE UK THE COMPETITIVE EDGE
(100% OF RESPONDENTS AGREED)
with its world class digital and research
institutions and support from the
government to build on that progress.
2. In two years the readiness of companies to
adapt to industry 4.0 has improved from
Organisations are understanding on varying scales how the underlying
technology can help them manufacture faster, at a consistently higher
quality and lower cost.
29%
80%
2015
2017
3. 40% 42%
28% 20% 14% 20% 0% 20%
Increased use of smart manufacturing technologies
Artificial intelligence Nanotech Neurotech Biotech
Information and communications
technology (ICT) & mobile technology
100% 100%
Robotics
42%
90%
Drones
14% 20%
Sensoring
100%
60%
3D printing
(additive manufacturing)
14%
80%
2015
2015
4. HARNESSING DATA AND ADVANCED ANALYTICS CAN
HELP STREAMLINE MANUFACTURING VALUE CHAINS
BY ALLOWING YOU TO SEE THE UNSEEN CORE
ELEMENTS OF PROCESS PERFORMANCE, action can
then be taken to avoid errors and continually improve
the process.
OF OUR RESPONDENTS ARE
USING DATA ANALYTICS TO
A LIMITED EXTENT ONLY.
Often this is due to poor IT
infrastructure or not
understanding how, when,
and where to mine data.
40%
5. CUSTOMERS WILL BE ENJOYING THE
BENEFITS AS OUR RESULTS SHOW
OF COMPANIES
UNDERSTAND
THE VALUE OF ADOPTING
NEEDS-ORIENTATED,
INDIVIDUALISED
CUSTOMER-SPECIFIC
PREFERENCES INTO THE
DEVELOPMENT AND
PRODUCTION PROCESSES.
50%
6. SKILLS ARE STILL A BIG CHALLENGE
FOR THE IMPLEMENTATION OF
INDUSTRY 4.0,
there is the technical skills shortage (STEM) caused by
the growing skills gap in education, there is also a lack
of knowledge or appetite from some senior positions to
disrupt the organisation.
OF OUR RESPONDENTS
AGREED THEIR
ORGANISATIONS DO
NOT HAVE THE
NECESSARY STAFF/
SKILLS TO TRANSFORM
TO INDUSTRY 4.0.
40%