Here is an example of how Manufacturers in the UK can use technology to take full advantage of a Government investment initiative.
George Osborne’s Northern Powerhouse initiative is creating great interest and opportunity but it also raises a variety of questions for Manufacturing organizations in general.
5 Key areas where technology can help Manufacturers.
From the experience of hundreds of CRM projects with Manufacturers, we have identified the following five areas where there is great need for innovation and adaptability across the Manufacturing industry. We’ll be highlighting these in a series of blog posts where we investigate the pitfalls and the opportunities within each area.
- New business models
Moving from production-intensive business models to e.g. re-manufacturing and repair – in order to create a sustainable business.
- Internet of Things and “smart factories”
Benefiting from some of the fastest moving technology innovations.
- Making data work harder
Understanding the huge potential of Big Data and how to use new intelligence to feed into product development, quality improvements, market research and much more.
- Improving customer relationships
Using information and analytics for improving customer-oriented processes, just as you do when employing talent and purchasing machinery.
- The competitive advantage
Setting up the technology building blocks to effectively compete on both a national and international scale.
To get full value from targeted industry investment, businesses need to be technologically ready for growth, development and increased demand
Click here to read our full report on how the Northern Powerhouse initiative will impact the manufacturing industry