Autumn budget statement – Digitisation is the key to growth

In Philip Hammond’s Autumn statement yesterday, he outlined plans to invest in the UK’s digital infrastructure, as part of a new £23bn investment fund for innovation and infrastructure, alongside the promise of £2bn per year by 2020 for R&D funding.

Tanuja Randery, Zone President UK & Ireland at Schneider Electric, comments: “We are delighted with the commitment from the Chancellor for the further investment into the UK’s digital infrastructure.  This combined with the investment in R&D creates a strong foundation for the UK to expand its position as an innovation powerhouse.

“Digital is the future and across multiple industries from healthcare, to food & beverage, to water and rail we are seeing our customers invest in connectivity and data analytics to drive their operating costs down and improve efficiency in people, assets and energy consumption. We need buildings and cities that are smarter, leveraging technology to become more liveable, sustainable, secure, safe and connected. Steps towards digitisation are essential for the future of the UK and the growth of our economy?”