A new survey from the manufacturers’ organisation, EEF, has demonstrated that manufacturers are becoming more fluent in their understanding of the fourth industrial revolution with more boosting investments, but further progress is required.
Survey
The survey findings, which have formed the basis of the 4IR fact card, revealed that more than two-fifths of companies have made solid investments and more than a third are expecting these to provide a payoff on productivity. However, more than half (57%) are still yet to make any investments into 4IR technologies as a result of certain barriers. These barriers, such as skills and technical ones, are preventing additional investment and industry and government need to work together to overcome these as a part of the industrial strategy.