Smarter, not harder: the Industrial Internet enables smart power grids to more evenly match demand for power with supply
Presented by
The
Industrial Internet explained
#2: How digitalisation is changing UK manufacturing Connectivity transforms manufacturing tools into smart nodes of the Industrial Internet, linking them to people and enabling the leverage of vast amounts of data generated to power the Fourth Industrial Revolution (4IR). Sounds good – but what does this look like in practice?
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Smarter
£8.6bn
The Industrial Internet enables better decision-making. The UK’s automotive industry expects to see inventory fall by 30%, machine downtime reduced by 40%, and time to market reduced by 30%. That’s predicted to add up to a cool £8.6 billion of annual savings for the UK’s car
enough to build Oxford and Cambridge Universities from scratch, every year! manufacturers by 2035 –
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More Productive 20
20 It is estimated that 4IR technologies
20% increase in manufacturing productivity by 2025. will drive a
20
This is equivalent to adding another Manchester of economic output to the UK economy!
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More Sustainable £881
Smarter, not harder: the Industrial Internet enables smart power grids to more evenly match demand for power with supply. It’s estimated that ‘digital grid’ solutions could reduce energy consumption by 12% by 2030
– saving the typical UK factory £881 off its annual energy bill!
