Nearly one in 10 jobs will be replaced by robots by 2030, according to a paper released by Oxford Economics. Entitled How Robots Change the World, it highlights that up to 8.5% of the global manufacturing workforce could be displaced by industrial robots just 11 years down the road. Continue reading “Robots to replace 20m jobs by 2030”
India’s external storage market dropped 4.7 percent year on year to US$74.1 million in Q4, according to IDC.
Keysight Technologies and Singapore University of Technology and Design (SUTD) have inked a Memorandum of Understanding (MOU) for research collaboration and opened the new Measurement Technologies Laboratory.
By Edward Lim
It’s been a long time coming but the next industrial evolution, dubbed the Fourth Industrial Revolution is nearly, if not already here.
Each revolution since the first led by water and steam power used to mechanise production in 1784 has been driven by technology in various forms. The Second Industrial Revolution leveraged electric power for mass production while the Third Industrial Revolution used electronics and information technology to automate production.
The next revolution builds on an increasingly digital economy and the fusion of various technologies, including the Internet, which is shaping the way people live, work, play, and relate to one another.
IDC believes that IT vendors can leverage business opportunities created by China’s smart manufacturing policies, endeavours to consolidate relationships with governments and industry associations, and enhanced R&D innovation utilising 3rd Platform technologies (cloud computing, big data, social business, and mobility).
Smart manufacturing has been identified and supported by the Chinese government as the key field for further development. In line with this, the national ministries have released research that could drive the continuous construction of IT infrastructure in manufacturing enterprises. Next-generation technology architecture or 3rd platform has triggered clear demands from enterprise customers and created a thorough R&D ecosystem.
Since 2011, the Ministry of Industry and IT of PRC, along with the National Development and Reform Commission, have been releasing a series of research papers on smart manufacturing. IT service providers could identify potential business opportunities by analysing the subject directions and final approved lists.