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.

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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.
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