IOT
“ Digitisation is revolutionising modern manufacturing and becoming increasingly important to drive efficiencies in this incredibly difficult inflationary environment ”
STEPHEN PHIPSON
“ You also get a sense of purpose ,” says Padhi . “ Why are these people so excited to be here ? It ’ s because they believe that they ’ re driving innovation , that they ’ re doing things that are important to our future .”
McKinsey ’ s report suggests that US manufacturers stand to benefit from further waves of digital innovation as capital markets continue to make big investments in nextgeneration technologies . Annual investment in AI has reached roughly US $ 150bn , with investors pouring US $ 250bn into IoT
technologies and US $ 300bn into cloud computing every year .
One in four UK manufacturers hit by cyber attacks In the UK , nearly half of the nation ’ s manufacturers ( 42 %) have been victims of cybercrime in 2022 , it is believed . This information emerged in the report Cyber Security : UK manufacturing , published by Make UK , the manufacturers ’ organisation , in association with BlackBerry .
The report found that , though 74 % of manufacturers said the cyber protection processes they had in place prevented any business impact whatsoever , the remaining 26 % revealed they had sustained substantial financial loss , with losses ranging from £ 50,000 to £ 250,000 . aimagazine . com 75