But only a quarter of British industrial companies are ready to take advantage.
Over the past six years, Industry 4.0 has become a widely understood term among Britain’s manufacturing community – however, only 25% of the UK manufacturers feel that they have an adequate understanding of the threats and opportunities of Industry 4.0. These are the findings from the Annual Manufacturing Report 2017.
The statistics show that manufacturers in the UK are less confident compared to, for example, companies in Germany where almost half (46%) of companies implemented Industry 4.0 technologies in 2016, according to Bitkom – the Federal Association of Information Technology.
It’s surprising that only a quarter of UK manufacturers said they possessed a sufficient knowledge of new technologies, since the opportunities of Industry 4.0 have been widely promoted by academics, policymakers, and industrial experts.
Among those manufacturers indicating an adequate understanding of Industry 4.0, a significant majority were either already undertaking a move to Industry 4.0 (12%), or were planning to do so (62%). Just 15% had evaluated Industry 4.0 and decided that it was not applicable to their business.
Nevertheless, Industry 4.0 technologies – such as automation, robotics, software, sensors, virtual reality, 3D printing, big data, human-machine interface to name but a few – are already shaping the agenda of UK manufacturing across every sector.
The Manufacturer will continue to monitor and assess the progress of that agenda.
You can download the full Annual Manufacturing Report 2017 here.
The Manufacturer Smart Factory Expo
Nov 15-16, 2017 – Exhibition Centre Liverpool
The UK’s biggest showcase for the Fourth Industrial Revolution (4IR) – a revolution in manufacturng agility, innovation and thinking.
Highlighting the best solution providers and technology offerings, this unique FREE event is for manufacturing business leaders keen to adopt the relevant tools and knowledge to drive business growth.
New for 2017:
- Buyer Lounges – matching buyers and sellers
- Tech Zones – Industrial IoT, Automation & Robotics, Additive Manufacturing, Digital Transformation, and Big Data
- Solution Theatres – engaging expo attendees with case studies and cutting-edge developments
- Mentor Clinics – find the answers to your questions
- Innovation Alley – growing the expo ecosystem with hardware start-ups