Collaboration with public agencies needed to drive Industry 4.0 forward in South-east Asia
Enthusiasm for new technologies can wane during implementation, so firms and government must work together
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MANUFACTURERS in South-east Asia are warming to advanced technologies that promise to siphon costs and change how companies relate to their customers. Commonly known as Industry 4.0, these technologies are revolutionising manufacturing worldwide and in the region.
A new McKinsey survey suggests, however, that as implementation hits speed bumps in South-east Asia, companies must focus on retaining their enthusiasm so they can capture greater benefits.
Industry 4.0, which includes advanced analytics, machine learning, robotics and automation, is propelled by several recent advancements, notably a titanic rise in data availability, faster and cheaper computing power and near-ubiquitous connectivity.
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