Manufacturers in semiconductor, pharma are front runners in adopting Industry 4.0 initiatives: EDB

SINGAPORE - Manufacturers in the semiconductor and pharmaceutical industries have been identified as front runners in their adoption of Industry 4.0 initiatives in Singapore, said the Economic Development Board on Tuesday .

"They demonstrated improvements in key capabilities such as processes, technology adoption and change management, thus ensuring a uniform acceptance and adoption of Industry 4.0 in their organisations," said the EDB. While manufacturers which were advanced in their transformation had a higher level of inter-connectedness across their physical assets and software systems, the report recommended that companies implement intelligent systems as well.

On Tuesday, the Singapore Standards Council , Singapore Manufacturing Federation-Standards Development Organisation, as well as Enterprise Singapore enhanced their"standards for Industry 4.0 tool" also, aligning it to key performance indicators in SIRI.

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.

Semicon, pharma manufacturers lead in Industry 4.0 readiness: EDB studyWITHIN Singapore's manufacturing sector, semiconductor and pharmaceutical firms lead the way in adopting Industry 4.0 technologies, based on a Singapore Economic Development Board (EDB) study of 200 firms that have undergone Smart Industry Readiness Index (SIRI) assessment. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »