Internet of Business's comprehensive guide to where Industry 4.0 will lead manufacturers in the year ahead. Most manufacturers believe they are leading their markets in Industry 4.0 technologies, despite evidence to the contrary. There is a huge gap between the many companies that are exploring digital manufacturing strategies – via technologies such as automation, robotics, AI, and the Internet of Things – and those that are implementing them successfully. With Brexit looming, many manufacturers and solutions providers fear what this will mean for the wider European industrial community, which depends on the free movement of people and confident investment. The UK Budget recently sought to soften this blow by reinforcing the UK's commitment to a strong environment for international scientific collaboration. As part of this investment in R&D, the government will increase the Industrial Strategy Challenge Fund by £1.1 billion, supporting technologies of the future. This includes up to £121 million for the Made Smarter initiative to support the transformation of manufacturing through digitally enabled technologies, such as the Internet of Things and virtual reality.
Feb-21-2019, 10:57:48 GMT