Get smart

Barclays is calling on manufacturers to urgently invest in smart factory technologies, such as AI, Industry 4.0 and big data, to avoid spiralling further down the productivity black hole, and to get ahead of global competitors.

Through a survey of 500 manufacturers, Barclays Corporate Banking has found out why organisations are currently hesitating to invest: 35% said more education and information is needed on the tangible benefits of smart technology; 40% blame recruitment difficulties due to a skills shortage; and 23% said they were not clear what the ROI would be.
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