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Why Britain must lead the fourth industrial revolution

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Today we’re announcing the findings of the business led industrial digitalisation review, which has been branded as ‘Made Smarter UK’. Its aim, to set out the basis for how the UK can lead the fourth industrial revolution.

The work is the product of eight months work, led by a team of UK CEO’s from businesses large and small and it has been a privilege to lead the work. We have taken contributions from over 200 organisations including our world leading Universities, the CBI, Royal Academy of Engineering and our British R&D Catapult centres.

So why is this important, and why now? Firstly, we are at a critical juncture in politics and business. Brexit dominates the agenda and there are increasing uncertainties. The prospect of rising interest rates and inflation haunts consumers. Inward investment is becoming increasingly difficult. Short term challenges threaten to derail how the UK plans for the long term, and invests in the technologies that will help industry and specifically manufacturing thrive over the next two decades. As business leaders we have therefore focused on this very positive and tangible piece of work and not the short term uncertainties. We believe that we desperately need to have a long term economic vision for the country – regardless of Brexit, regardless of political instability and economic volatility.

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