Why ambitious Industry 4.0 plans need a better open standard approach to succeed
July 31, 2018 / Adam Byrne
The UK government’s Industrial Strategy, launched in 2017, sets out a long term plan to boost productivity in British industry. Further to this, the government recently announced the creation of an AI Council, led by leaders within industry, to support the rapid adoption of artificial intelligence across all UK sectors. The opportunity could inject £455 billion into the UK economy and boost growth by 3% per annum with the creation of 175,000 jobs. Already, 75% of supply chain managers see the need for further digitalisation to improve processes and it is predicted that nearly three quarters of industrial organizations will have completed this by 2020. In addition, the UK already has some 71 robots per 10,000 workers in the manufacturing industries as the automation of production accelerates.