Digital disruption is coming to the sector – firms just need to realise the benefits, says Digital Catapult’s Nick Wright.
The digital age has revolutionised our lives and business operations. But as consumers we’ve adapted more easily than our businesses have. Many sectors have been radically disrupted by one or two new digital entrants, who have turned well-established business models on their heads – driving those slow to innovate to react in order to survive.
While this enforced digitalisation has presented an uncomfortable ride for most businesses, they have come out the other side much more efficient – and probably quite thankful in hindsight for being made to consider the benefits of data and technology.
Identifying and applying the benefits of advanced technology
Looking at the state of UK manufacturing, it’s on the back foot. Manufacturers are still focussed on production-centric business models that they’ve been using for decades. And despite the range of new technologies out there with the potential to revolutionise their offering to the market and their operations, they’re slow in opening
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