Effective collaboration helps power innovation

By enhancing teamwork at the workplace, businesses can benefit from a diversity of inputs, become more agile and open up communications within the firm.

Published Tue, Oct 9, 2018 · 09:50 PM

Manufacturing

SOUTH-EAST Asia is in the midst of a massive technological transformation for manufacturing. According to McKinsey & Company, the region stands to attain up to US$627 billion worth of productivity gains from Industry 4.0 technologies.

Data, connectivity, availability of computing power as well as advanced human-machine interfaces and production methods are changing the way entire industries operate. Capabilities such as automation can help transition workers to more value-adding tasks while advanced inspection will improve processes at production sites.

Digital transformation will further accelerate these developments. In 2017, about 6 per cent of the Asia-Pacific's GDP came from digital products and services created by digital technologie…