INDUSTRY NEWS AND RESOURCES

Home / 14.0 INSIDERS / INDUSTRY NEWS AND RESOURCES

China is first out of the gate to Industry 4.0

26 Jun 2021 | BY DAVID P. GOLDMAN, ASIATIMES

NEW YORK – 5G networks that run factories, warehouses, ports and urban transportation can increase productivity tenfold or more, industry experts believe.

Chinese industry leaders claim that thousands of 5G industry applications are now installed, mostly in the pilot stage, compared to hundreds in the rest of the world. The race towards the Fourth Industrial Revolution is still in early days, but China appears to have an impressive head start.

Telecom giant Huawei alone is building 5G applications for almost 2,000 Chinese manufacturing firms and 5,300 Chinese miners, according to a senior company executive. Enterprise solutions providers and industry consultants promise productivity gains of an order of magnitude and more with the application of Big Data/Artificial Intelligence technology to manufacturing, healthcare, logistics and even agriculture.

What its promoters call “Industry 4.0” promises to solve the great economic policy problem of the past three decades, namely stagnant productivity. Total factor productivity growth (see chart at bottom) has tapered out in all the major industrial economies. The IT revolution had minimal impact on productivity in other sectors. The country or countries that learn to transform other industries with AI and Big Data will dominate the 21st century.

Industry skeptics, though, point to several high hurdles before such gains can be realized, including high upfront investment costs, turf wars between telecom companies and technology solutions companies, fragmented technological standards and regulatory uncertainty.

Related Articles

Industrial Automation

China roundup: Keep down internet upstarts, cultivate hard tech

  • 01 Aug 2021
  • BY RITA LIAO, TC

Hello and welcome back to TechCrunch’s China roundup, a digest of recent events shaping...

VIEW MORE

Digital Factory, Industry 4.0

China’s ‘MIT of Greater Bay Area’ is a bid to turn southern region into innovation powerhouse

  • 01 Aug 2021
  • BY GUO RUI, SOUTH CHINA MORNING POST

As part of its ambitions to turn the Greater Bay Area (GBA) into an innovation...

VIEW MORE

Industrial Automation

Zerto 9 brings immutability and automation for ransomware resilience

  • 31 Jul 2021
  • BY HELPNETSECURITY

Zerto announced the general availability of Zerto 9, significantly advancing its capabilities...

VIEW MORE

Industrial Automation

ESSCI Organized a Webinar on Mobile Robotics Technology for IndiaSkills and WorldSkills

  • 31 Jul 2021
  • BY ELE TIMES

The Electronics Sector Skills Council of India (ESSCI) hosted a webinar on Mobile Robotics on...

VIEW MORE
Watch ITAP 2021 Exhibit @ ITAP Pre-register