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back to index backASIAtalk June,  2017


The digital future of manufacturing: Are Asian manufacturers ready?

Industry 4.0 is characterised by the interconnection of highly intelligent cyber-physical systems, to create the “Internet of Things”. Today, it is changing the face of manufacturing globally, promising increased productivity, lower costs and greater customer satisfaction. But despite the massive shift in value chain configurations and consumer preferences reshaping the manufacturing sector in the last decade, less than half of manufacturing sector leaders in Southeast Asia believe they are ready to take advantage of Industry 4.0. Why are manufacturers not fully embracing digital and Industry 4.0?

Traditionally, Asia has been known as a cost-effective manufacturing hub thanks to its vast labour pool. While manufacturing and design quality improvements have come a long way, next-generation smart connected products pose new challenges for the entire ecosystem. A combination of legacies in operations, information and product technologies, and manufacturing culture needs to be thoroughly re-evaluated in this changing context.

Several Asian manufacturing hubs in areas ranging from automobiles to smart phones and consumer electronics have done well to create world-class products. As the advantage of labour arbitrage recedes, newer paradigms of productivity, operational visibility and risk management are needed for Asian manufacturers to stay competitive. Asia is well-placed to maintain its hub status if the region’s manufacturers quickly move to adopt a digital mind-set. By integrating the best of the physical and digital worlds, and getting rid of their traditional approaches to maintaining competitiveness, Asian manufacturers can fully capture the benefits of digital.

To read entire article, please click here.

Source: Prasad Satyavolu in Control Engineering Asia - GAI





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