Manufacturers in the semiconductor, electronic and pharmaceutical industries are at the forefront of digital transformation globally, with companies in these sectors being early adopters of advanced manufacturing concepts, technologies and applications.
This was among the key findings in the second edition of the Manufacturing Transformation Insights Report, which was launched by the Singapore Economic Development Board (EDB) and World Economic Forum (WEF) yesterday.
The report, which is the outcome of an 18-month partnership between EDB and WEF, is based on data from nearly 600 manufacturing companies in 30 countries that underwent the Smart Industry Readiness Index (SIRI) assessment.
The index was created by EDB in partnership with leading technology companies, consultancy firms and other experts in 2017, and is the world’s first independent digital maturity assessment for manufacturing companies.
Mr Francisco Betti, head of the Shaping the Future of Advanced Manufacturing and Value Chains Platform at WEF, said it is not a surprise that semiconductor, electronic and pharmaceutical manufacturers are leaders in Industry 4.0 transformation efforts.
This story is from the February 11, 2022 edition of The Straits Times.
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This story is from the February 11, 2022 edition of The Straits Times.
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