February 2021

News February 2021 www.pwemag.co.uk Plant & Works Engineering | 0 7 Outdated attitudes towards technology amongst senior business leaders are at risk of jeopardising future business survival, new research has found. The Connected Enterprise report, produced by digital transformation specialists Sigma Dynamics, in partnership with applied futurist Tom Cheesewright, reveals that nearly half (49%) of manufacturing industry C- suite executives, directors and senior managers are sceptical about the benefits of implementing new business technology. Exploring this scepticism, the research shows that 49% are doubtful that it improves efficiency, 40% cynical about its ability to improve productivity, and 66% question its positive impact on customer relationships. Interestingly, more than two fifths (44%) think technology can cause problems if not implemented carefully, while a quarter (24%) believe that the cost often outweighs the benefits, 1 in 10 worry that it can create an unnecessary burden on employees. Colin Crow, managing director of Sigma Dynamics, commented: “From these statistics we can infer that there are many manufacturing leaders that have been burned by previous digital transformation efforts. It is unfortunately quite common for businesses to choose the wrong technologies, or roll them out without enough support for employees, which can be very costly mistakes. Some of these misconceptions are therefore understandable, but as the twin threats of Brexit and the COVID- 19 have shown us over the past year, the business landscape can change with incredible speed.” Colin continued: “The manufacturing sector must be agile and open- minded in order to cope with the impact of these, and other, national and global challenges that we will all inevitably face, and it will soon become almost impossible for businesses in the industry to thrive without the help of strategically planned and implemented technological innovations. “However, from our research it’s frustratingly clear that these events still have not served as a wake-up call for complacent business leaders.” The report found that 44% of those surveyed believe that Brexit will have an impact on their customers’ demands and expectations over the next five years, while 81% think that the pandemic will, suggesting that the vast majority are conscious of some of the difficulties that potentially lie ahead. However, only around a third (34%) said that they believe that changes in customer demands and expectations will require the adoption of more business technology, and less than half (49%) think that events such as Brexit and the COVID-19 pandemic have made business technology more essential to success. Worryingly, only a third (34%) think that they will have to implement more technology in order to remain competitive, while 15% said that they believe that the technology they currently use will remain sufficient for the foreseeable future. Applied futurist, Tom Cheesewright, added: “COVID-19 undoubtedly catalysed investment in technology in the manufacturing sector, but that investment was often overdue. If we are to avoid playing catch-up when the next challenge hits – or the next opportunity appears – then we should be thinking now about what changes to our technology, processes, culture and models can best prepare us for the future. “Making the right investments in technology, and skills, is a critical part of future-proofing any business, adding resilience and agility.” Half of manufacturing business leaders resistant to digital progress Samsung Electronics has launched ‘Solve for Tomorrow’, a youth competition, running for the first time in the UK. The programme brings compassion, education and technology together to help young people nurture and create solutions to their local community’s most pressing problems within four key challenge areas: education, sustainability, diversity & inclusion, and social isolation. Solve for Tomorrow encourages 16-25 year olds to submit their tech ideas either as individuals or groups irrespective of their qualifications, existing knowledge or experience in STEM. The competition includes three distinct rounds where participants will be supported to develop their ideas through a range of masterclasses, workshops and coaching. This will cover design-thinking, digital technologies and business skills, as well as one-to-one mentoring from Samsung employees. This is the first time Solve for Tomorrow will be available in the UK, building on 10 years of experience running in other countries across the globe. With a focus on delivering a hyper-local impact, UK participants are encouraged to develop ideas to address real life issues that affect local communities, but also them as individuals. The initiative follows Samsung’s Not a School programme, an unorthodox educational experience that empowers future generations to achieve their full potential, offering participants the opportunity to immerse themselves in the same four core themes that Solve for Tomorrow is focused around. In the UK, the Solve for Tomorrow programme is delivered in partnership with Digital Catapult, the UK’s leading advanced digital technology innovation centre, which will bring invaluable expertise in delivering programmes that are deeply rooted in the UK’s innovation-led ecosystem. Supporting the competition from end-to-end, Digital Catapult will help participants to develop and evolve their tech ideas into solutions that support local communities. As part of the first round, applicants are invited to submit their ideas and an optional creative presentation by 21st February 2021 via an online form on Samsung.com. Entries will be judged by Samsung, Digital ‘Solve for Tomorrow’ competition to bring Gen Z Ideas to Life