Workforce report on Manufacturing - National employment and median wage by occupation 2011-2020

In this report, we looked at the Prague, Central Bohemia, South Bohemia, Plzensky and Ustecky region, South Moravian, Olomoucky, Zlinsky and Moravian-Silesian regions. 

Overview of Case Studies and Public Funding Opportunities

key trends in modernizing manufacturing 

• The key enablers to modernization can be grouped in three categories: digitization (team collaboration tools, virtual assistant, digital twin), data (predictive analytics, self-service BI, real-time data processing), and infrastructure (5G/Wifi 6, IoT, data as a service). 
• Investments in smart factories projected to reach USD 244.8 billion in 2024. 
• By the end of 2021, 25% of manufacturers will apply machine learning to data.  
• Working with digitization and other modern tools at a client in heavy industry, EY managed to reduce unplanned stops and increase uptime. This reduced material loss and operational expenditures and produced a Euro 1.048 million annualized benefit.  
• Using Smart Daily Management, EY helped a major tire maker increase its OEE results over a four week period by 9%.  
• Implementing IWS methodology, EY helped a tobacco company increase average module output and reduce the number of workshifts. 

Core inflation in the Czech Republic decelerates

Year-on-year inflation is kept higher by rising gas station prices and rising tobacco prices due to higher excise duties. Nevertheless, inflation in March ended slightly below expectations and the positive deviation of inflation from the CNB forecast fell to 30 basis points. The central bank will continue to wait with rate hikes. The game-changer should be the vaccination of a significant part of the population.

EY announces alliance with Nokia to help business unlock the power of 5G and accelerate digital transformation

• EY Industry 4.0 solutions and Nokia’s industrial-grade private wireless to drive digital transformation across industries
• Alliance to focus on cybersecurity, enterprise 5G-led transformation and digital transformation for communication service providers
• EY-Nottingham Spirk Innovation Hub to showcase industrial automation capabilities powered by Nokia Digital Automation Cloud

Politics for Troubled Times

In September 2021, we will welcome the first cohort of students to our newly-registered bachelor program in Political Science, offered in cooperation with SUNY Empire State College. One could have hardly have expected a better time for a program like this to be launched. We live in a time of what we could call a civilizational crisis.