Fourth Industrial Revolution technologies can be harnessed by governments to govern better, become more accessible, and increase transparency and trust – not to mention better track public assets.
China’s Internet of Things business has been flourishing over the years, with revenue rising around 73 percent in 2018.
Microsoft to locate its new AI and Internet of Things Insider Lab.
An IT revolution is simmering in the global sphere, aided by experts who are looking into the possibilities of the future.
China was home to about a quarter of the world’s 2,542 AI companies and had registered about 15,700 AI patent applications, according to the China Internet Network Information Center.
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.
Collaboration and pooling together expertise will be essential in Southeast Asia when it comes to meeting the challenges of the Fourth Industrial Revolution.