Smart manufacturing and its implications for Singapore's SMEs

• Main Authors: MENKHOFF, Thomas, SURIANARAYANAN GOPALAKRISHNAN
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2021
• Subjects: Manufacturing; Industrial Internet-of-Things; innovation; Singapore; Asian Studies; Management Sciences and Quantitative Methods; Organizational Behavior and Theory; Technology and Innovation
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/6841; https://ink.library.smu.edu.sg/context/lkcsb_research/article/7840/viewcontent/SmartManufacturing_BT_20211109_av.pdf
• Institution: Singapore Management University

While Covid-19 and the climate catastrophe continue to make headlines, local small and medium-sized enterprises (SMEs) are quietly setting the gears of Smart Manufacturing in motion with a strategic focus on digitising and automating production processes powered by "Industry 4.0" (I4.0) ready business models. A shared view among several interviewees we talked to recently in the context of an ongoing study on the impact of I4.0 on the business models of local manufacturers is that Industrial Internet-of-Things (IIoT), machine learning, visual computing, automation and digital twining are deemed of great importance for the long-term competitiveness of Singapore's manufacturing ecosystem on the global stage.