Through the Manufacturing Made Smarter Challenge, the government will invest £147 million to support businesses implement new tech to boost their manufacturing productivity, helping them reach new customers, create thousands of new highly skilled jobs, slash carbon emissions and reduce prices for consumers.
Neli Ivanova, Sales Manager, Industrial Equipment at Siemens Financial Services in the UK, discusses how leveraging the data gathered by the Internet of Things (IoT) can make predictive maintenance and product optimisation possible.
The UK is the 9th largest manufacturer in the world by output. As a central pillar of the UK economy, the manufacturing industry relies upon technological innovation to remain competitive in the global market. The introduction of the Internet of Things (IoT), in particular, has propelled industry growth by making production processes more efficient, reducing operating cost and machine downtime and encouraging innovation and investment in the industry.
A new report, published by the Manufacturing Technologies Association (MTA), has found that, if the UK moves towards Green manufacturing, we could see between £8 - 20 Billion added to the UK’s GDP and 400,000 to 1 million jobs created.
Climate change is having a huge impact on the world we live in and the calls to tackle it are growing louder every day.
The MTA report highlights that the UK is well placed to lead the way in this green future, if we act now. Since the early 90’s the UK has reduced carbon emissions by 44% and is the first country to commit to net zero emissions.
How do you keep a factory running during the COVID-19 crisis? The main problem isn’t social distancing necessarily, but keeping workers motivated during the slowdown. That’s according to new research by money.co.uk, which spoke to 25 business leaders from the manufacturing industry to gain insights into how coronavirus has affected them.
Like many UK industries, manufacturing has of course been hit by the ripple effect of COVID-19. Uncertainty breeds caution, with many businesses forced to pause their operations at least temporarily. staggering 91% of the manufacturers interviewed reported a dip in output during lockdown restrictions, according to money.co.uk’s research.
