Fourth Industrial Revolution
The Fourth Industrial Revolution is a train that you either get on or you’ll find yourself being left far, far behind. ASEAN is aware of this. We’ve seen countries like Indonesia and Thailand take lessons from Germany’s model of a 4.0 economy. We’ve also seen countries like Malaysia invest large sums of money on the expansion of information technology (IT) infrastructure to provide an enabling environment for the growth of the digital economy.
As we usher in the Fourth Industrial Revolution, also known as Industry 4.0 - like most other aspects of life - sports too has evolved with the times.
Although widespread in industries from aerospace to waste management, Artificial Intelligence (AI), machine learning and big data are cutting-edge technologies not usually associated with the legal profession.Long considered a conservative profession, the legal trade is undergoing a shift thanks to Fourth Industrial Revolution technologies with AI an increasingly important tool in a law firm’s kit.With the Chief Justices of Malaysia and Singapore talking about increased AI use in their respec
As the world celebrates International Women’s Day today, ASEAN must realise that it needs to do more to encourage greater female labour force participation.With data from the World Bank showing that the participation of females above the age of 15 in ASEAN’s work force was around 61 percent as of last September, it is obvious that the region’s economy has huge potential to grow if more women join the workforce.With the male to female population ratio in ASEAN standing at 49.8 to 50.2 in 2017
Southeast Asia is a region that’s vast developing. It has evolved from an agricultural society to one of the fastest growing regions in the world within the span of a century. One of the main drivers of such growth was due to Southeast Asia’s position as a low-manufacturing hub. This combined with cheap exports, provided the region with the necessary income to develop. However, in the past two decades, the world has seen the meteoric rise of China’s manufacturing industry.
Southeast Asia is fast becoming one of the hubs of the Fourth Industrial Revolution. Over the past five years, the region has established itself as a leader in implementing the latest technologies such as blockchain, artificial intelligence (AI), robotics, cloud computing and fintech among others. However, for such technologies to truly reach their fullest potential, the current state of the internet, simply will not be enough.
For the past few years Malaysia’s automotive sector has proven itself to be one of Malaysia’s key industries. Figures from last year reveal that the sector played a significant role in the country’s economy, contributing 4.2 percent to the country’s total gross domestic product (GDP). On its own, the automotive sector continues to improve, demonstrating growth in many segments within the sector.
Singapore is the most competitive economy in the region, placing second overall in the World Economic Forum’s (WEF) Global Competitiveness Index behind the United States (US).Singapore is seen as an exemplary economy as the report showcased the importance of openness for competitiveness amid escalating tensions and backlash against globalisation.
Financial digitalisation – the digital revolution’s system-level transformation of the entire financial ecosystem – could catalyse global efforts to finance sustainable development.
Despite launching the Thailand 4.0 initiative two years ago, Thailand is on track to lose as many as three million jobs over the next 20 years if it fails to adapt to new disruptive technologies, according to the Thailand Development Research Institute (TDRI).Thailand 4.0 is a new economic model launched by the Thai government which aims to transform the country into a high-income nation.
Youths in the region are extremely positive about the impact of technology on job prospects and income, a survey by the World Economic Forum (WEF) and Singapore-based internet company, Sea has revealed. Of the over 40,000 respondents, around 52 percent of the under-35 generation across the region believe that technology would be able to increase the number of jobs. 67 percent said they believed it would lead to an increase in their ability to earn higher incomes.
Singapore is the most competitive economy in the region, placing second overall in the World Economic Forum’s (WEF) Global Competitiveness Index behind the United States (US). Singapore is seen as an exemplary economy as the report showcased the importance of openness for competitiveness amid escalating tensions and backlash against globalisation.
