Developing a harmonised approach to the digital economy would help Asean harness the opportunities of the Fourth Industrial Revolution (or Industry 4.0) and enhance the regional grouping’s digital competitiveness, writes Phidel Vineles.
As part of plans to adapt to technological trends, the government announced last week the construction of a centre inside one of the nation’s leading universities that will focus on the skills young tech entrepreneurs need to succeed in the digital economy.
The essence of Industry 4.0’s vision is the “Internet of Things” – the ubiquitous connection of people, things and machines – and Blockchain – a technology that enables the decentralised and secure storage and transfer of information.
Asean is at a crossroads with the rapid evolution of the geopolitical and geo-economic spheres.
At the Grow Asia Forum 2018 in Vietnam, over 170 senior leaders and decision-makers discuss the strategies for a modernised agricultural sector in the Asean region.
Cambodia is prioritising the adoption of new technologies in manufacturing and encouraging investment in sectors that are undergoing rapid technological innovation, according to a senior government official.
Local firms are encouraged to use Industry 4.0 developments to boost the use of “smart” technologies.