Industry 4.0 is transforming the industrial landscape, changing the way goods and services are designed, produced, and delivered to markets. The transformation is on-going, with some countries and companies advancing faster than others in the adoption of advanced technologies, including robotics, artificial intelligence, industrial internet-of-things, smart factories and digital twins. The transformation has important implications for countries’ efforts to attract investment for development, for their participation in global value chains, and for their industrialization prospects.
While Industry 4.0 offers many opportunities, it comes with significant challenges and risks. Many countries are introducing policy measures to attract technology-oriented investment to support Industry 4.0 and digital development. Important lessons can be learned from the experiences of countries and international firms in the transformation process.
This high-level session will examine policy options and best practices for attracting investment in Industry 4.0. Speakers will include high-level policymakers and top-level representatives from companies with frontier technologies, MNEs that have adopted smart factories and advanced manufacturing technology solutions, Industry 4.0 alliances, and other stakeholders.
- What characterizes the international investment landscape in Industry 4.0 technologies?
- How are international firms investing in and addressing the challenges of the industry 4.0 revolution?
- How do countries participate, move up the value chain and attract investment from digital technology firms to support Industry 4.0 transformation?