Semicon, pharma manufacturers lead in Industry 4.0 readiness: EDB study

WITHIN Singapore's manufacturing sector, semiconductor and pharmaceutical firms lead the way in adopting Industry 4.0 technologies, based on a Singapore Economic Development Board study of 200 firms that have undergone Smart Industry Readiness Index assessment.

SIRI was introduced in November 2017, with the EDB announcing in March 2018 that it would fund SIRI assessments for 300 firms. The report analyses data from 200 such funded assessments, across 12 manufacturing industries and ranging from small and medium enterprises to multinationals, serving as a stock-take of Singapore's current state of manufacturing transformation.

The index assesses firms on 16 indicators. Nine fall under the area of technology: automation, connectivity and intelligence at each of the shop floor, enterprise and facility levels. The report shows how the top 10 per cent, middle 80 per cent, and bottom 10 per cent of firms scored on each indicator, allowing firms to benchmark themselves. The report is available atIt reveals that in the area of technology, the biggest divide between top and bottom performers is in connectivity rather than automation or intelligence.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Heng calls for more industry-higher education tie-upsTIE-UPS between industry and higher education will help research and development (R&D) investments turn into 'more good jobs' in Singapore, Deputy Prime Minister Heng Swee Keat said, at the official launch of one such collaboration on Monday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Maritime industry seeks solutions to limit pollutionShipowners say they are trying to cut their heavy-polluting industry's impact on the environment by using cleaner energy -- but some have stalled ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »