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TO WHAT EXTENT DOES SiZE AFFECT A UK SME’S ABiLiTY TO HARNESS FOURTH iNDUSTRiAL REVOLUTION OPPORTUNiTiES FOR GROWTH?

2019-12-06T11:26:06+00:00December 6th, 2019|

Can you help with research into the effect of an organisation’s size on its ability to embrace industry 4.0?

Background

Alexandra Poole is a Business Transformation Coach and Managing Director of The iNNiTi Effect, completing the final year of an executive MBA at the University of Hull. The final research project is focused on UK SME’s and how they are embracing Industry 4.0 to aid growth.

UK economic growth has stagnated in recent years, and productivity is now seriously lacking behind that of other Western countries. The fourth industrial revolution or Industry 4.0 is thought to have the answers, creating smarter workplaces through focusing on development of new technologies, innovations and related skill sets.

Industry 4.0 includes automation, data mining, machine learning, the Internet of Things, the Internet of Systems, robotics and additive manufacturing.

Small to Medium Enterprises (SMEs) are defined as those that have a headcount of less than 250 personnel and a turnover of less than £50m. SMEs account for 99% of private-sector businesses in the UK and contribute over £2.0 trillion to the UK economy. Their ability to grow through understanding and adopting Industry 4.0 opportunities is critical to making any significant economic impact.

The objectives of the research are to answer the following questions:

  1. What are the barriers to growth (internal and external) for SMEs?
  2. What Industry 4.0 technologies might help address these barriers
  3. What capability do SMEs have to adopt these technologies? Including challenges & constraints of SMEs
  4. Does sector have any effect?
  5. What are the lessons learned from other countries/larger companies?

 

The request

Alex would like to conduct a short interview (30 minutes) with a senior leader within a UK SME to understand if SMEs are being priced out the market when it comes to industry 4.0, or indeed whether or not these technologies have the ability to make the necessary impact they claim.

A number of organisations will be interviewed. All answers will be anonymised and analysed for trends in order to answer the research question. Interviews will be required to take place between 1st and 20th December. The final research project will be available for you to read upon completion.

If you would be willing for your organisation to participate, please email alex@theinnitieffect.co.uk and an interview will be arranged at a time that is convenient for you. Alternatively, if you are not available for interview and would still like to participate, the questions can be answered and submitted back via email.

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