Industry 4.0, also known as the Fourth Industrial Revolution, is not only inevitable but is already upon us. While internet connectivity plays a major role in the realisation of Industry 4.0, there is little reason to doubt the significance of mobile internet connectivity as well.
While many large companies in ASEAN are piloting Fourth Industrial Revolution (Industry 4.0) initiatives in manufacturing, few small and medium enterprises (SMEs) have managed to integrate them in their processes successfully. Industry 4.0 manufacturing can be defined as the integration of internet-enabled technologies which allow networking in the production process.
Sandvik Coromant’s “digital thread” which spans throughout its factory in Gimo, Sweden, has seen it win international recognition from the World Economic Forum (WEF). Part of Swedish global industrial engineering group Sandvik, Sandvik Coromant is at the forefront of manufacturing tools and machining solutions that drive industry standards and innovations in the metalworking industry.The raised labour productivity in the company’s Gimo plant as a result of extensive automation saw th
Despite the big data, analytics and artificial intelligence (AI) inherent in the Internet of Things (IoT), human capital remains the most important asset for the BMW Group as it embraces Fourth Industrial Revolution (Industry 4.0) technology. The iconic German car manufacturer's Regensburg plant was recently chosen as a ‘Lighthouse of the Fourth Industrial Revolution’ by the World Economic Forum (WEF), a term it uses for 16 selected factories which have successfully incorporated
Labour rights violations in ASEAN are among the negative effects of an increase in production due to the ongoing United States (US)-China trade war which has resulted in a shift of some production from China to this part of the world. While the region is embarking on the Fourth Industrial Revolution, numerous industries in ASEAN still rely on labour-intensive factories.
Last October, Alibaba Group co-founder Jack Ma revealed that he was in discussion with the Indonesian government regarding the possibility of opening an institute to train tech entrepreneurs in the country. This, he said, would help Indonesia meet the skill demands of Industry 4.0, also known as the Fourth Industrial Revolution (4IR).
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.
The European Institute of Business Administration’s (INSEAD) 2019 Global Talent Competitiveness Index (GTCI) report, released earlier this month, revealed that Cambodia had managed to move up one notch in the rankings as a country for attracting and growing talent. This means the Kingdom moved from 108th to 107th in the talent ranking.
Thailand’s military junta, also known as the National Council for Peace and Order (NCPO) came into power after a coup in 2014. Since then, it – under the leadership of Prime Minister Prayut Chan-o-cha – has received both criticism and praise from people inside and outside the country.
Earlier in September, Cisco and Oxford Economics analysed 433 occupations across 21 industries.
Over the past two decades, Southeast Asia has shed its image of an agrarian backwater and transformed into a world leader in developing the latest technologies such as blockchain, artificial intelligence (AI), robotics, cloud computing and fintech among others. For example, robotics and advanced manufacturing already have a strong presence in the region with Singapore and Malaysia having established themselves as research and development clusters.
Industry 4.0, also known as the Fourth Industrial Revolution, is not only inevitable but is already upon us. While internet connectivity plays a major role in the realisation of Industry 4.0, there is little reason to doubt the significance of mobile internet connectivity as well.
