Asset Management & Smart Maintenance

Innovation the name of the game following Brexit

As a Brit living in Luxembourg, Brexit has left a sad feeling and real concern for the growth prospects of the UK. But the people have voted, and we must now move on. Re-doubling our efforts to innovate and re-invent UK manufacturing must now be at the top of the agenda, if the UK is to overcome the strong head winds it will undoubtedly face over the next 10 years.
Si2 part of development of a national strategy
At Si2 we have been privileged to have been involved in one such initiative, the development of a National Strategy for Engineering Services.
Working  with the UK’s leading industrial companies and thought leading universities, Si2 Partners has contributed to the development of this strategy.

In his forword , Chris White MP, Co-Chair, All-Party Parliamentary Manufacturing group describes why services are so important at a national level;

‘The developing trend of ‘servitised manufacturing’ is a specific example of UK innovation that has allowed early adopters to develop successful differentiated offerings in the global market’

For the first time an expert analysis by Professor Alan Hughes of Cambridge University has identified that around 16.8% of the UK’s£275Bn economy is attributable to sector that could be influenced by Engineering Services. He identified that through the adoption of these new service orientated business models such as Through Life Engineering Services, £31.6bn of new value could potentially be generated. That is a 1.9% growth in GDP. Bearing in mind that this study is very rigorous and hence conservative in nature. I personally believe that this is probably an under-estimate of the opportunity.

It is encouraging that we are fast gaining recognition by the UK political establishment, of the opportunity  offered by the digitisation of products to re-invent manufacturing and engineering.  I believe this change in mind-set is critical to the future economic well being of the UK. If we do not grasp this opportunity of a generation to get the very best creative minds engineering customer experiences and outcomes, then we will have let down the future of our children!

Chris White sums up the politicians view:

“The opportunity is one that we must seize. We need to better integrate capability development and innovation between manufacturing, engineering and technology, between engineering and business model innovation, and across sectors’

The strategy has an ambitious goal to achieve a 20% reduction in cost with a 20% improvement in asset availability across more than £20bn of UK economiTES Life cyclec output: a 20:20 vision.

There is no doubt this would be a significant transformation of national productivity and global competitiveness

A central element to the proposal is that the industrial sponsors of the strategy, such as Rolls Royce, Babcock, BAE and Siemens,  commit to forming a cross-sector National “TES Council” to inspire UK industry and  lead delivery of these benefits.

The National Strategy , will be launched 5th July at the IET in London, where the objective is to seek government support for this venture. After this event we will publish the strategy and supporting documents so that colleagues can see what is happening in the UK.

If you are interested in attending the event, you can contact Andy Shaw, Secretary to the Steering team and Manager of the TES Centre at Cranfield at a.shaw@cranfield.ac.uk

Nick Frank is Managing Partner at Si2 Partners, a consultancy helping clients leverage services to win in industrial markets

Further articles on this and other topics can be found in the Si2 Partners Resources Page and the Si2 Knowledge Center

 

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