New guidelines have been set which assist manufacturers with constructing “smart” factories which are ultra-modern and with becoming participants in the 4th industrial revolution, which is referred to as “industry 4.0”.
Singapore’s EDB (Economic Development Board) is partnering with a manufacturer from Germany, called TUV SUD, in order to launch an index called The Singapore Smart Industry Readiness Index.
This index will function as a tool which is diagnostic, which helps firms of different sizes, from an array of industries. It’s designed to help these companies get the inside scoop on “industry 4.0” and to do evaluations of their own facilities, with a mind to coming up with road maps for the future which are geared towards transformation.
Industry 4.0 Basic Facts
Industry 4.0 is a term for automation and data exchange trends for technologies used in the manufacturing industry. Smart factories which utilize Industry 4.0 technology will be facilities where trained staff members perform tasks alongside robots.
Smart Factories Utilize Robots
According to Dr. Axel Stepken, who chairs the board of management at TUV SUD, this index will help manufacturers to orient themselves with regard to Industry 4.0 guidelines and how these new initiatives may be integrated at their factories.
Dr. Stepken predicts that Industry 4.0 is going to be the gold standard globally for manufacturing in the future. The new index will function as a guide which leads manufacturers through the transformation process, step by step. The index is in the pilot phase and a variety of small and medium-sized companies and corporations within the island city-state of Singapore are using it to prepare for the future.
Assistant managing director of EDB, Lim Kok Kiang, has remarked that lots of companies choose to make technology their first priority. The new index is designed to put processes and people on a par with technology, with the goal of maximizing Industry 4.0 technology.
A lot of manufacturing firms (in particular, small and medium-sized enterprises) are not up to speed on Industry 4.0 technology. This is the viewpoint of Mr. Desmond Goh, who is a director at People Bee Hoon, which is a food manufacturing company.
People Bee Hoon is a company which produces vermicelli noodles. Currently, the company employs forty employees. It’s one of a group of companies which are participating in the index pilot program.
Mr. Goh appreciates the index. He sees it as a beneficial guideline, which details each increment of transformation to Industry 4.0. The details on the increments are, in his viewpoint, very helpful to companies of smaller size. When smaller companies are ready to move forward, they will know which steps to follow and be able to move to the next stages.
Smart Factories Are the Future
Robotics is becoming increasingly sophisticated and this new index will help manufacturers to integrate the latest robotic technology into their operations, while still putting a premium on processes and people. The index is detailed enough to function as a practical and helpful template for transformation to Industry 4.0 standards.
About the Author
Morris Edwards is a content writer at CompanyRegistrationinSingapore.com.sg, he writes different topics like 5 Ways To Instantly Beef Up Your Marketing Strategy and The Most Innovative Economy In Asia: Singapore and all topics related to Singapore Business, if you are interested about Singapore Company Registration visit our website.
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