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.
TRENDING NOW
One-third of Singapore-listed firms at risk in severe AI downturn: MAS
‘Not done’: Keppel CEO Loh Chin Hua transformed the group, but says there’s ‘still a lot to do’
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
‘We don’t want to stay as we are’: CEO Patrick Ng builds a more resilient Huationg