If you’re unsure about Industry 4.0’s effect on your business, you’re not alone. A study done in Singapore, however, claims that, “Rapid adoption of Industry 4.0 could boost the country’s labour productivity by as much as 30 percent by 2024. It will also add S$36 billion (US$26 billion) in total manufacturing output and revenue for local and foreign companies as well as create 22,000 jobs with average salaries that are up to 50 percent higher than current ones.” If it can have that many positive impacts on a country, what can Industry 4.0 do for your output, jobs, and productivity?
Industry 4.0 could be the next big thing for Singapore’s economy. Read More