The manufacturing industry, as the third largest sector of the UK economy, is a true powerhouse, and one which is incredibly important when looking at overall economic data for the country.
As more manufacturers invest in smart equipment and digital capabilities to maintain competitive advantage, digital twinning is gaining prominence in the industrial environment. In fact, it's one of the biggest technical trends: analysts predict that 85% of IoT-enabled platforms will feature digital twin functionality by 2022.
Consumer goods manufacturers are increasingly responsive to the need for direct connection with their end customers. By transforming their journey to market, industry leaders are able to own the relationship with their end customers.
If successful, the adoption of industrial digitalisation solutions could, within 10 years, boost UK manufacturing by £455bn, drive sector growth by 3% and create 175,000 new jobs.
According to recent research, nearly three-quarters of European industrial companies (72%) will increase their Industrial Internet of Things (IIoT) investment over the coming three years. And for good reason, more than four in five (86%) of them believe it will deliver a Return on Investment (ROI) within 36 months.
As the fourth industrial revolution continues to disrupt entire industries, manufacturers must react quicker than most to transform and develop new capabilities that can drive revenue and growth.
Increasingly, the word of auto manufacturing is a global affair. With essentially every developed nation offering vehicles from manufacturers in Europe, North America and Asia, consumer preferences have shifted dramatically from decades past.
Almost every aspect of manufacturing has been improved upon with advances in technology: product quality, plant efficiency, logistics and transport, and employee health and safety.
