The UK’s “thriving” digital industry contributed £149bn to the UK economy in 2018 and has been outstripping the wider marketplace as a sector since it began to spike in 2015, according to government research.
Today, supply chain networks span the globe, with the digital revolution multiplying both opportunity and complexity. As a result, the combination of the need for speed and growing big data volumes can cause existing supply chain planning processes to overload.
Dr Veronica Martinez from the Institute for Manufacturing (IfM) at the University of Cambridge, working with Caroline Burstall and Andrew Noblett at Caterpillar, has used a pilot project to show that blockchain can deliver significant supply chain benefits.
As connectivity in the Industrial Internet of Things (IIoT) increasingly transforms manufacturing, new global research has revealed that nearly eight in 10 manufacturers (79%) have suffered some form of IoT cyberattack in the past year.