The Made Smarter Review outlines there is £455 billion value-add into the UK economy by adopting industrial digital technologies – increasing manufacturing sector growth between 1.5-3% per annum, with a 25% improvement in productivity and a 4.5% reduction in greenhouse gases.
UK manufacturers and industrial companies often struggle to innovate with digital technologies. If they do invest, it is typically a long decision-making process as these investments cut into their low profit margins, require greater hybrid skills to manage them and often don’t fit into established product life-cycles, which can be seven times higher than the average lifetime of a digital product development time.
The UK manufacturing sector will need to shift in order to keep its competitiveness on the international market and better integrate with the digital sector.
The Made Smarter Technology Accelerator exists to support and drive forward this shift and is set to fast forward and shape the UK’s technology adoption directly into industry.
Designed for industry, the programme will speed up the understanding and unlock the known benefits technology adoption has for the UK economy. The programme is made real as our technology innovators join the programme and develop prototypes that will pivot some of the UK’s most relevant manufacturing and industrial challenges.