Industry 4.0 has been widely discussed as the 4th Industrial Revolution for the manufacturing industry worldwide. Coined in Germany, researchers and experts have predicted that for the next 5 to 10 years, Industry 4.0 could boost productivity in the German manufacturing sector by €90 billion to €150 billion and create up to 390,000 jobs.
In Singapore, manufacturing accounts for about a fifth of Singapore’s GDP (Gross Domestic Product) and for more than 400,000 jobs. However, with the turn of the 21st century, Singapore is tackling new challenges with increasing labour costs, stagnant productivity and an ageing workforce in the face of a slowing global economy. With the government’s help, there is a push towards “Advanced Manufacturing” and implementing Industry 4.0 may possibly lead a revitalization of Singapore’s manufacturing economy.
So what exactly is Industry 4.0 and what are the opportunities and challenges that comes with this revolution? How will Industry 4.0 be able to help Singapore’s manufacturing industry? The upcoming session of this Speaker Series will address these questions.
Details of the Session
Date: 27 May 2016, Friday
Time: 3pm – 6pm (Refreshments will be served)
Venue: SIT@SP Building (510 Dover Road #05-01 Singapore 139660)
Who should attend?
Manufacturing/Engineering professionals, civil servants, academics, researchers and students. Open to members of the public who work or study in related fields of Engineering/Manufacturing.