In the past, manufacturing-led development typically delivered both productivity gains and job creation for unskilled labor. Underpinning the productivity benefits was the sector’s tradability in international markets, which not only reinforced scale economies and technology diffusion, but importantly, also provided greater opportunities to access demand...
This report provides a detailed overview of the relevant resources, findings and recommendations resulting from the work of the Industry 4.0 Testlabs Working Group of the Prime Minister’s Industry 4.0 Taskforce during 2016–2017.
Smart manufacturing—the application of information and communication technologies (ICTs) to every facet of modern manufacturing processes—is in the midst of transforming the global manufacturing economy. The digitalization of manufacturing will transform how products are designed, fabricated, used, operated, and serviced post-sale, as much as it...