数据驱动生产力提升

ManufacturingProductivity ExecutiveSummary Long-term strategies are imperative to creating a competitive, predictable and stable economicenvironment for businesses. The new government has an incredible opportunity to reset therisk appetite of business and get investment flowing again. This means accelerating the digitaltransition through the mass adoption of industrial digital technologies, AI, data analytics,robotics, automation and making use of additive manufacturing techniques like 3D printing. Manufacturers will play a central role in that opportunityby investing and acting as a channel for national growth,enabling the Government to achieve their mission for theUK to be the fastest growing economy in the G7. That goalis certainly achievable if manufacturing is set at the heart ofany long-term industrial strategy. investment intensity in capital equipment expenditure hasincreased in the last two years indicating manufacturersare investing more in plant & machinery. This is a positivesign for the UK given business conditions are the moststable they’ve been in over half a decade. Though, there aresurprising differences between UK-owned and foreign-ownedcompanies. As many of us know, this vibrant industry continues toinvest more than £30bn a year in capital assets andaround £20bn in R&D, accounting for nearly half of theprivate sector’s total spend on innovation. On top of this,manufacturers invest heavily in skills both in retrainingexisting workers and supporting the pipeline of future talentthrough apprenticeships. It is important we ensure businessinvestment is adequately supported, and this researchhelps us pinpoint what we need to do next. But closing the productivity gap with our western competitorswill not be easy. Over the last decade, as the fourth industrialrevolution takes place, more organisations are using thepower of data to discover efficiencies in the manufacturingprocess. The findings of this research shows that dataanalytics has penetrated every aspect of a manufacturingorganisation, from the production process to all back-office functions like IT, finance and HR. Data is being usedto accelerate productivity and reduce costs. Though, thenext opportunity lies in how we take this further, as mostmanufacturers are only using data analytics for about half,or less, of processes within each department, and only anaverage of about 10-20% have gone beyond this threshold. Using theInvestment Monitor Survey, we update andhighlight what manufacturers' investment priorities areover the next 12 months. This data can help us understandthe direction of investment, which we can use to informsupporting industries like finance, to fuel those ambitions.This feature also includes a focus on the use and benefitsof data analytics in the sector, as well as a look at the fund-raising aspect of investment. Government policy design can play a crucial role in enablingfurther adoption of data analytics. The key themes identifiedby manufacturers largely echo the ideas proposed by ourprevious investment research, encouraging investmentincentives to be designed with longevity, generosity andaccessibility. The findings of this survey show manufacturerswant these ideas to extend to all types of incentives, whichshould be made simple, accessible and to stick for the longhaul. In other words, the hallmarks of an industrial strategy. The survey highlights that more than half continue toprioritise investment in plant and machinery and skills.However, investment in software, sustainability and R&Dalso rank high for businesses. As an interesting follow-upto Make UK and RSM UK’s previous investment research, CONTENTS Executive Summary Part 1 – Investment Activity4 Investment prioritiesInvestment intensityInvestment intensity in plant & machinery over timeInfluence factors for investmentBringing it all together 45689 Part 2 – Investment and Digital Analytics Advancing productivity with data power10The benefits of data analytics13It always boils back down to people14Data compatibility16So what should manufacturers do to overcome the barriers?16 Part 3 – Investment and Financing Different methods of funding investmentsFunding research and developmentBarriers to accessing finance 181920 Part 4 – Government SupportRule of three in policy-makingConclusionRecommendations RSM Viewpoint Making investments in digital technologies – 5 key steps PART 1INVESTMENT ACTIVITY INVESTMENT PRIORITIES Now that the dust has settled on the general election,manufacturers are looking forward as they prepare for theimplementation of the UK Industrial Strategy, following itsannouncement at the recent Investment Summit. investment to update and replace depreciating assets.The former can result in improved productivity which theprevious government had sought to accelerate with use ofincentives such as attractive capital allowances. Manufacturers achieve productivity growth throughinvestment in capital, highly skilled labour, and