What is 'Industry 4.0' and what will it mean for developing countries?
Source: World Economic Forum
In this WEF article, Shamika Sirimanne addresses several questions concerning the nature and impact of Industry 4.0.
The author argues governments should foster the adoption of Industry 4.0 by raising the awareness of the private sector, promoting investments and facilitating financing for the deployment of Industry 4.0.
In her conclusion, she underlines the critical role of international collaboration: sharing knowledge and research, help design policies and implementing initiatives, fostering innovation, promoting technology transfer and setting legal frameworks and standards.