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A Lack of Big Data Open Standards Is Undermining Industry 4.0 Ambitions

November 02, 2018 / Adam Byrne

In 2017, the UK government announced the ‘Made Smarter Review’, a proposal for Britain to lead the world in a new industrial revolution. The ambitious review, which runs alongside the UK government’s Industrial Strategy that sets out a long-term plan to boost productivity in British industry, proposed creating innovation hubs and a national organization that could turn Britain into a global Industry 4.0 brand.
The opportunity here is immense; the introduction of automation within the manufacturing industry it could inject £455 billion into the UK economy, boost growth by 3 percent per annum and create a projected 175,000 skilled jobs.