A Smart Factory usually refers to a highly digitalised and connected environment where systems can use a constant stream of data from connected machinery and equipment to learn and adapt to new demands.
However, industrial automation is still commonly seen as a threat to existing manufacturing jobs no matter how exciting "Factories of Tomorrow" sounds. In reality, there is an emerging trend called the "Digital Talent Gap". According to MHI's Annual Industry Report, manufacturers are caught in a position where digital technologies are not implemented efficiently due to a lack of workers with the necessary skills to run them. It shows that the human element in the digitalisation journey is still essential, and there is a need to start investing in talent development to adopt i4.0 Technology.
Join us with our panel of speakers as they share more on how can the industry prepare for the Factories of Tomorrow by addressing the "Talent Gap" for manufacturing.
To effectively harness the power of AI in the aviation sector, the industry should start to develop and adopt an AI ethical framework. In this event, our speakers will share their perspectives on the responsible application and the social values of AI in aviation for the future.
Traditionally, the manufacturing industry has been the largest adopters of robots, especially in the automotive sector. As technology matures, robotics holds a massive potential to generate positive outcomes and significant performance over the next decade. According to ARK Investment Management's prediction, automation will add about 5%, or $1.2 trillion, to the US's GDP in the next five years.
However, as a general-purpose technology, how will the rise of robots extend its impact across other sectors and industries? With AI incorporation, robots are becoming cheaper, more flexible, and more autonomous. What other barriers might there be for companies to improve their roadmap towards automation and adopt robots to improve productivity at scale?
Join us as our speakers share more on the adoption of robotics for various business processes. Discover the technology's versatility and ease in implementing and utilising robots beyond manufacturing.
Topics: Industry 4.0 and Robotics
Southeast Asia (SEA) has remained a bright spot despite the COVID-19 induced global recession, with 4.5% real GDP growth expected in 2021. The economic bloc is also slated to become the 4th largest economy by 2030 and is both an integrated market and production base for global manufacturers.
Originated in 2011 from Germany, the term Industry 4.0 encompasses “new technologies that combine the physical, digital and biological worlds, impacting all disciplines, economies and industries” as outlined by Professor Klaus Schwab in his book 'The Fourth Industrial Revolution'. Ten years on, the global manufacturing industry has been developing and adopting many Industry 4.0 innovations – industrial IoT, artificial intelligence, autonomous technologies, additive manufacturing, etc. It is worth recognising that Industry 4.0 is more than just technology-driven change. It is an opportunity for leaders, policy-makers, researchers and innovators to harness converging technologies that not only build smart factories but also augment human capabilities.
According to the White Paper by the World Economic Forum in 2020, additive manufacturing or 3D Printing is a new and growing area that deserves the attention of business leaders and policy-makers. Singapore has since been at the forefront of investing in this new technology to drive the goal of being a leading Advanced Manufacturing Hub within the ASEAN region.
Mass adoption of additive manufacturing will not only disrupt markets but will be a significant contributor to the transformation to Industry 4.0 as well. Not only will it drive transformational growth within organisations, but innovations enabled by such exponential technologies can also help manufacturers grow faster and be more agile in unlocking new forms of value such as lower prototyping costs, higher degrees of customization, reduced manpower costs and more flexible R&D.
In this webinar, our speakers will share their perspectives on the future of additive manufacturing across sectors. Join us to learn more about how such an exponential technology could potentially change the lives of many in the manufacturing industry.
Topics: Industry 4.0 and Robotics
According to BCG, Advanced Manufacturing or Industry 4.0 is estimated to add S$32 billion in total manufacturing output, boost labour productivity by 30% and create 22,000 new jobs by the year 2024 in Singapore.
Several initiatives, such as Smart Industry Readiness index and SkillsFuture Advanced manufacturing series, have been introduced to position Singapore as a leading Advanced Manufacturing Hub. Manufacturers should continue to look for new opportunities to innovate and stay competitive by embracing digital transformation.
Join us in this session, where we hear from different industry players on trends and technology to look out for in Advanced Manufacturing through 2021. Be sure to stay ahead of information not to be left behind in this fast-changing industry today!
Topics: Industry 4.0 and Robotics
Advanced Manufacturing, or "Industry 4.0,” has been viewed as a key pillar for Singapore's growth. In Singapore, the manufacturing sector alone accounts for nearly a fifth of the country's GDP. At the Industry Transformation Asia Pacific (ITAP) event in October 2020, Singapore’s Deputy Prime Minister Heng Swee Keat has emphasised that Singapore can be “a more digital, more resilient advanced manufacturing base” for the world.
While the move to a digital manufacturing environment might seem challenging, the adoption of digitalisation and automation of manufacturing processes are crucial in facing the global economic headwinds. As part of the digital transformation, various partnership platforms are now available in Singapore, such as the Advanced Remanufacturing and Technology Centre (ARTC) and Singtel FutureNow Innovation Centre, which both drive private-public partnerships and help enterprises with their transformation journey. Manufacturers, researchers, startups and investors now have ease of access to establish collaborations, share resources and explore digital solutions which offer more innovation-based and high-value production.
Join us at our event where industry experts share how digital solutions can be driven within the manufacturing industry, how corporates, startups, and researchers may work together to further adopt these solutions at scale.
The COVID-19 pandemic is an unprecedented global crisis. Nations, industries and organisations are reeling from its impact and some are even facing an existential crisis. There is no doubt that COVID-19 has changed our lives. History shows that such large changes are not always temporary - crises can fundamentally reshape our beliefs and behaviours.
The COVID-19 pandemic has provided a unique opportunity to think about the kind of future we want. In various announcements, Singapore’s Deputy Prime Minister Heng Swee Keat has emphasised the importance of R&D investments to prepare for critical challenges, such as in managing pandemics and ensuring food security, and that Singapore can be “a more digital, more resilient advanced manufacturing base” for the world. Germany’s response to the pandemic has highlighted pre-existing strengths – efficient government, low debt, a global reputation for industrial excellence.
In this dialogue, Dr Lim will be discussing with Dr Ploss and Dr Beh how Germany and Singapore can work together and shape a stronger, more resilient and sustainable future economy and society. The conversation would delve into what the ‘new normal’ would look like after the pandemic, major changes in international trade and industry, the role of science and technology innovation, and corporate-startup-government collaborations as we look to build back better.