Companies across engineering and manufacturing are forerunners in innovating Digital Business, leading the way for other industries in the adoption of New Technologies including machine learning and smart automation. Like others, the sector has faced challenges due to cost pressures and industry disruption as well as political and economic uncertainty.
Many businesses perceive increasing risks from Brexit and a slowing of growth in the UK economy, and are reacting with renewed focus on cost control. This said, businesses most likely to prosper are those which not only consider how they can mitigate commercial and financial risks but also how to maximise revenue generating opportunities.
To keep their businesses ahead, successful managers will be those that focus on areas such as how, when and where to invest in key technology trends such as Industry 4.0, how to recruit, develop and retain the best talent taking account of technological changes and digital innovation, and how best to anticipate and respond to an updated regulatory and policy landscape.
If you or your business operate within the engineering and manufacturing sector, you recognise the points set out above and would like to find out how UCQ can help improve your performance, contact us today.