{"id":1468,"date":"2017-09-29T13:28:21","date_gmt":"2017-09-29T12:28:21","guid":{"rendered":"https:\/\/engineernewsnetwork.com\/blog\/?p=1468"},"modified":"2017-09-29T13:28:21","modified_gmt":"2017-09-29T12:28:21","slug":"tech-in-the-automotive-industry-will-create-74-billion-for-uk-economy","status":"publish","type":"post","link":"https:\/\/www.engineernewsnetwork.com\/blog\/tech-in-the-automotive-industry-will-create-74-billion-for-uk-economy\/","title":{"rendered":"Tech in the automotive industry will create \u00a374 billion for UK economy"},"content":{"rendered":"

\"\"<\/a>To remain competitive in today\u2019s tech phenomena, the automotive industry must adapt to growing trends.<\/p>\n

Private number plate specialists, click4reg.co.uk<\/a><\/span> sought to discover the benefits and digital challenges of tech in the automotive industry \u2013 analysing data from the report The Digitalisation of the UK Automotive Industry.<\/p>\n

Considered one of the most important areas for the sector, digitalisation in automation is thought to be of benefit in several ways \u2013 with the industry highlighting these three as the most effective:<\/p>\n

* Forecasting accuracy improvement (80%)
\n* Increase in productivity of technical disciplines (30-50%)
\n* Reduction in machine downtime (20-35%)<\/p>\n

\"\"<\/a>Further qualitative benefits include; greater personalisation of vehicles, the ability to design safer products and provide additional services to the customer, the improvement of health and safety of employees and the replacement of mundane tasks with more interesting work.<\/p>\n

Indeed, by fully embracing the concept, the automotive sector stands to gain \u00a36.9 billion every year by 2035.<\/p>\n

The cumulative total benefit to the UK economy is expected to reach \u00a374 billion. However, most companies are yet to implement advanced digital technologies in their
\nmanufacturing operations.
\n