State of readiness for I4.0; Challenges and Adoption
The state of readiness for Industry 4.0 (I4.0) adoption is ramping up in Asia Pacific. With regional governments emphasizing the need to be ready for the digital revolution, organisations are realising that I4.0 adoption is not an option, but a necessary solution to being future-ready and to future-proof their business models.
At a recent media briefing and a fireside chat to address “Priorities for the Next Stage of Manufacturing Transformation in Asia” earlier this month, Lim Kok Kiang, Assistant Managing Director, EDB shares that awareness level of industry 4.0 has gone up quite substantially in terms of understanding the concept, but companies have yet to figure out how to implement and adopt these solutions.
Echoing his statement, Mr Raja Teagarajan, President, Industries 4.0 Malaysia Association shares that one of the key problems when It comes to I4.0 in Malaysia is leadership
“While the association has been working with the SMEs and government agencies at the same time to propose certain policies that will work with the SMEs, the government is uncertain about how to implement the adoption”
“Therefore, companies are not ready to move towards the adoption due to lack of knowledge regardless of the awareness level is at 80%, the adoption level remains less than 20%” stressed Mr Raja
Amid the US China Trade War, Mrs Do Thi Thuy Huong, Executive Board Member, Vietnam Electronics Industries Association shares that strong commitment and policies are needed from the government in order to assist SMEs to take on international projects although the local companies have yet to be up to par with the international ones.
Chairman of the Indonesian ICT Business Association, Mr Franky Christian shares that his association conducts seminar to specific sectors to deepen their understanding and educate the implementation of adoption I4.0 for their sector – though the journey to adoption is still an ongoing process.
Industrial Transformation ASIA-PACIFIC 2019 – A HANNOVER MESSE event, returns for a second edition from October 22 to 24 at Singapore EXPO & MAX Atria to inspire attendees’ learning journey with a stepped approach to I4.0 implementation.
Organised by SingEx Exhibitions and international partner Deutsche Messe, Industrial Transformation ASIA-PACIFIC brings with it the strength of HANNOVER MESSE’s reputation in industrial technology and the advantage of Germany’s expertise in advanced manufacturing.
Note: EITN was a guest at this event