Get set for Industry 4.0, says EDB official

Singapore

A SENIOR official of the Economic Development Board (EDB) Singapore has emphasised the importance of Singapore and the region at large being prepared for the processes, technologies and solutions of Industry 4.0.

Lim Kok Kiang, the agency's assistant managing director, cited a Deloitte study, which found that only 14 per cent of executives are highly confident in their organisations being ready and able to harness the potential of an economy powered by a combination of computers and automation.