The widespread adoption of Industry 4.0 could result in some significant productivity changes.
"A study by The Boston Consulting Group (BCG) showed that rapid adoption of Industry 4.0 could boost the [Singapore's] labour productivity by as much as 30 percent by 2024."
In order to make these changes possible, however, there has to be visibility.
By knowing what is happening on your production floor real-time, problems can be solved much faster. Our TV Monitors on your shop floor display the performance of jobs against their goals. Your staff could easily learn to read these monitors quickly and fix problems accordingly.
The topic on the Fourth Industrial Revolution has sparked discussions across various industries, and countries. A study by The Boston Consulting Group (BCG) showed that rapid adoption of Industry 4.0 could boost the country’s labour productivity by as much as 30 percent by 2024. Advancements, from smart manufacturing, robotics, to artificial intelligence and the Internet of Things (IoT), are set to power this wave of change. In particular, manufacturing is fundamentally changing with Industry 4.0, and the implications are far-reaching. As the International Monetary Fund (IMF) noted a broad-based yet fragile recovery in its 2017 global growth forecast, manufacturing remains a key economic driver for most countries. In Singapore, the sector accounts for 20-25% of Singapore’s Gross Domestic Product. With 99% of her registered companies being small and medium enterprises, undergoing a digital transformation as solution providers of advanced manufacturing solutions is the way forward to enhance competitiveness. Read More