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A time for ASEAN in Industry 4.0

At the opening plenary of the World Economic Forum on ASEAN, Prime Minster Lee Hsien Loong gave a speech on why he thinks member states are “in a good position to take advantage of the new opportunities that this 4IR (Fourth Industrial Revolution) can bring”.

ASEAN represents one of the most powerful single market and production base, comparative to the European Union. Its source of power is in the combined strengths of the ten member states.

In ASEAN, Unity is Power

According to Prime Minister Lee, the first area of advantage is the robust economies across the region. Over the last few years, ASEAN economies have grown significantly. By 2030, it will be the fourth-largest economy in the world, after the United States, China and the European Union. ASEAN’s reason to boast is its young, educated and tech-savvy workforce.

As a newly developing economy, the region does not need to undergo a frictional adoption period of change. Almost all of ASEAN’s citizens are comfortable with new technology. Furthermore, ASEAN economies are making commitments towards transforming into a digital economy. The effects of this transformation are estimated to amount to USD 200 billion by 2025.

In preparation for ASEAN’s time in the global economy, the Prime Minister assured the audience that the group is working towards strengthening a rules-based multilateral system. This will be important in facilitating trade. Moreover, clear rules and guidelines are pertinent in the setting up the parameters for unprecedented changes during Industry 4.0.

The economic integration at present is being burnished – the second reason for ASEAN’s prime. Prime Minister Lee said further integration is “an important condition for the Fourth Industrial Revolution, because it is about building networks, creating new synergies and staying connected.” Citing the example of the ASEAN Economic Blueprint 2025, an overall vision for the unity and connectivity of ASEAN, the Prime Minister reiterated the need for a seamless business network within the region. Businesses, small and medium sized ones in particular, are key to supporting the economy through their entrepreneurship.

Gearing up for Industry 4.0 in ASEAN

Following the theme of “resilience and innovation”, Singapore together with its ASEAN counterparts are championing tech driven public policy strategies.

The first two agreements centre on trade. The ASEAN Agreement on E-commerce streamlines e-commerce regulations. In turn, businesses can market and sell their products in ASEAN easily. The ASEAN Single Window initiative adds on to the convenience factor of the first agreement. Cross-border customs cargo clearance is sped up using a single online platform, effectively slashing transaction costs.

A second area of interest is in the ASEAN Smart Cities Network. Twenty-six pilot cities have been selected to integrate smart urban solutions. Several projects such as Chonburi’s Amata Smart City in Thailand and the Yokohama Urban Solution Alliance are already underway. In collaboration with external partners and private sector organisations, ASEAN will adopt technologies which builds advanced cities.

With members states ready to embrace technology as a unified whole, Singapore will be upgrading its three centres of the Initiative for ASEAN Integration in Vietnam, Cambodia and Laos to become Singapore Cooperation Centres. Visitors can expect to receive a broader range of technical assistance beyond classroom-based courses. Classes leverage on Singapore’s best experiences and fosters collaborative learning environments.

Confidence in ASEAN

The list above is only some of the more exciting things ASEAN is embarking on. Going forward, Prime Minister Lee is sure that these practical steps to adopt technology will transform how ASEAN lives, works and plays.

Rounding up his speech, the Singapore stateman said, “The Fourth Industrial Revolution is a dynamic and continuing process. We cannot predict how exactly it will unfold, but I am optimistic about ASEAN’s future because ASEAN has its own competitive strengths, and by pooling our ideas and resources and integrating our economies, we will be in a strong position to ride on this fourth wave to bring tangible benefits to our economies and our peoples.”

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Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

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SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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