As markets continually shift and competition continues to rise, the role of a manufacturer has changed drastically in the past few years. With a growing number of businesses stepping into the services field, manufacturing is clearly in the midst of an industry-wide servitization transformation.
A recent survey has shown UK manufacturers are increasingly moving their businesses from being purely product centric to incorporating new service offerings to deliver business growth and new revenue streams.
The University of Huddersfield has partnered with leading engineering companies and research institutes for a £1m project that aims to bring about massive improvements in the competitiveness and efficiency for UK manufacturers.
We are approaching a time when artificial intelligence and robotic systems will not only surpass humans in carrying out labour intensive and high-precision tasks, but also become ‘smart’ and able to come up with ideas, designs and solutions.