Theme: Industry 4.0
Industry 4.0, sometimes known as the Fourth Industrial Revolution, is revolutionising the manufacturing and production industry. It challenges the way that manufacturing systems have traditionally functioned in factories and is paving the way for new and disruptive business models. A study by PwC estimates that businesses implementing Industry 4.0 technologies can look forward to efficiency savings of over 18% in five years.
But what is it? In a nutshell, the fourth industrial revolution (after mechanisation, assembly line production, and information technology) integrates cloud computing, the Internet of Things, data integration and other technological advances into the heart of production and manufacturing systems.
This series of workshops aims to unpick the jargon associated with Industry 4.0, and provide businesses across all sectors and at various stages, with a clear and insightful picture of how they can join this latest revolution.
The sessions are as follows:
Wheel of 4tune: How can Industry 4.0 help you and your sector?
Industry 4.0 is the buzzword of the moment, but what does it really mean for your business? The combination of physical products with intelligence and data has the potential to change how companies produce, design, and even operate. Come to this session to learn more about what Industry 4.0 is all about and how it could benefit your business.
Featuring a panel of experts from across Industry 4.0 and using a Wheel of “Industry-4tune”-style sector selector plus audience suggestions, you will learn more about how these technologies can be applied to deliver revolutionising solutions.
£1bn Funding and how to get it
The UK Government has committed to increasing investment in R&D by £4.7bn over the next 4 years with £1bn to be invested this year. Areas already announced for funding this year under the Industrial Strategy Challenge Fund include robotics and artificial intelligence, self-driving vehicles, and manufacturing and materials of the future.
Featuring speakers from companies who have already enjoyed success as well as academic and funding experts to help you understand the different options and how they could work for you, this is a practical session aimed at supporting businesses who want to explore how Industry 4.0 technologies can be implemented in practice.
New business models enabled by Industry 4.0
How do you turn technology into business benefits? New advancements in technology are great but only if you can make them work to grow and improve your business. In this session, you will hear from a range of companies from very different sectors on how they have utilised advanced manufacturing, data visualisation, artificial intelligence and other technologies to transform their business offering and expand their customer base.
This highly interactive session will showcase some great examples from across Scotland on business models enabled by Industry 4.0 technologies. Come along to be inspired about how you could transform your own business.
Now check out what’s happening in the Trends and Futures theme.