INVESTING IN INDUSTRY 4.0 [VIRTUAL]
Investment policy implications of the new industrial revolution
This virtual event occurs in Geneva Time (CET, GMT+2). Abu Dhabi, UAE time is 2:00 hours ahead of Geneva, Switzerland.
Industry 4.0 – the increased use of digital technologies such as automation, data analytics and Industrial Internet-of-Things – is transforming nations, production systems and the way goods and services are delivered to markets. This transformation wave is on-going with important implications to industrial development, skills requirement, global value chains and on efforts of countries to effectively attract investment in Industry 4.0. Further advancement of manufacturing technologies will continue to drive the transformation process with increasing disruptions on industries, adaptation to new ways of doing things, and participation by growing the number of start-ups and technological firms. Understanding Industry 4.0 and the types of technologies that could enhance a product’s development production systems and manufacturing is paramount to addressing future industrial challenges.
While Industry 4.0 brings opportunities to increase efficiency, it has significant challenges and risks that need to be carefully addressed. No country can afford to ignore the implications of Industry 4.0 and be left behind. Countries (big and small) are introducing policy measures to attract technology-oriented investment to support Industry 4.0 transformation and align to digital industrial development. Some countries have been more effective at attracting technology-oriented investment through their policy measures, conducive digital ecosystem and dedicated promotion and facilitation efforts. Lessons can be learned from the experiences of these countries.
Issues to be addressed:
- What is the investment landscape and technological development shaping Industry 4.0?
- How are multinationals and other firms adapting or positioning themselves to take advantage of investment opportunities and address challenges associated with Industry 4.0?
- How do countries participate, move up the value chains and attract investment from firms with digital technology advantage to support Industry 4.0 development?
Event Manager: Mr. Kee Hwee Wee and Isya Kresnadi
Contact email: Kee.Hwee.Wee@unctad.org, Isya.Kresnadi@unctad.org