In the industry world, especially in advanced economies, the term technology-driven is commonly used. However, technology-enabled is the better and more fitting term to describe industrial transformation.
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At a media preview event for this year’s Industrial Transformation Asia-Pacific (ITAP) in Singapore, Aloysius Arlando, CEO of SingEx Holdings Pte Ltd Singapore, discussed in his opening speech the relevance of ‘Industry 4.0’ and what it means for the Asia-Pacific region.
“We are all aware that no industry is immune to the disruptions brought by digital technologies. Globally, many manufacturers have been looking for ways to exploit digital technologies for better performance.
“We are therefore witnessing the rise of this new digital industrial technology that will transform businesses and jobs in the manufacturing and manufacturing-related sectors,” Mr Arlando said.
But industrial transformation is a journey that must be undertaken with the support of the government as well as that of the players involved in the supply chain, he said.
“Asia is well-poised to lead the way as the world’s new growth frontier, and to reap the full benefits of global Industry 4.0 growth. In ASEAN alone, the fifth largest manufacturing economy in value-added terms, manufacturing companies will ramp up their IoT (Internet of Things) technology investments to more than $15 billion by next year,” Mr Arlando said.
“Countries like Malaysia, Thailand and Indonesia have already launched separate 4.0 roadmaps to spearhead their respective economic agendas.
“Dubbed as ‘the leading smart city in the world’, Singapore, has also recently launched its Smart Industry Readiness Index to provide a common framework for companies to start, scale and sustain Industry 4.0 efforts,” he added.
The government plays a critical role in helping firms adopt automation and technology. It must start with better policies to support private actors aiming to improve their systems through industrial technology.
It doesn’t have to be a big technological leap. It could be as simple as investing in carts so that employees at a company don’t have to carry nitrogen tanks by hand. The investment would not only enhance safety at the workplace, it would also save time and, in the long run, reduce costs.
If done correctly, it is a win-win concept: the government supports the private sector, while companies provide innovative and ingenious ideas.
ITAP is designed and curated to help companies across multiple industries in Asia-Pacific start, scale and sustain their adoption of Industry 4.0. The event will bring together players and communities across the value chain to learn, share, collaborate, network and do business.
The event, which will occupy an area of 20,000 square metres, is all about collaborating and working together to digitise and improve daily tasks through the use of technology.
Through varied formats of engagement, participants can look forward to solutions from more than 200 brands from more than 10 countries, including global industrial automation heavyweights and market leaders.
And on the conference front, participants can glean fresh insights from a stellar line-up of more than 100 leading Industry 4.0 professionals from 15 economies presenting their perspectives on the transformative potential of Industry 4.0.
ITAP will take place on October 16-18 at the Singapore EXPO. To know more, visit http://industrial-transformation.com/