With the advancement of smart technologies and digitalisation, it seems like the world is rapidly moving into the era of the Fourth Industrial Revolution or Industry 4.0. The industrial Internet of Things (IIoT) market, which some have called Industry 4.0, describes the widespread integration of information and communication technology (ICT), particularly cyber-physical systems (CPS), in industrial manufacturing.
No industry is immune to the disruptions brought about by digital technologies. Media and banking were some of the first sectors to feel the full force of these new technologies – and manufacturing is now coming into the crosshairs.
Asia is known as the manufacturing hub of the world and some countries in Southeast Asia such as Singapore and Malaysia are preparing their workforce for Industry 4.0.