The Ministry of Economy and the State of São Paulo have partnered with the World Economic Forum (WEF) to co-design new policies to help small and medium-sized enterprises (SMEs) keep up with the pace of technology changes in the Fourth Industrial Revolution.
SMEs represent 98.5% of companies in Brazil and more than 90% of all companies globally. In emerging markets, these companies are the primary drivers of economic opportunity and social mobility, creating seven out of every 10 jobs, according to the World Bank.
Unfortunately, these companies are struggling to embrace the Fourth Industrial Revolution. Research by Eurostat reveals that larger businesses (over 500 employees) are six times more likely to leverage Industrial IoT (Internet of Things) than SMEs.
Over the course of the last year, more than a dozen companies, governments, organizations and universities have collaborated with the World Economic Forum Centre for the Fourth Industrial Revolution to co-design an open-sourced policy toolkit.
For Your Information
In the current phase of industrial automation, many leading companies of the world are using advanced computing models to computerize their manufacturing processes. The total automation of the industrial systems is supposed to herald the fourth industrial revolution, referred to as “Industry 4.0” or I4.0, or simply I4.
In the Industry 4.0 phase, the traditional factories will operate as smart factories and use contemporary technologies such as the Internet of Things, Cloud Computing, Artificial Intelligence (AI), and Cognitive Computing. The smart factories aim to reduce their dependence on human workforce.
The new pilot programme will trial 11 specific policy interventions from the toolkit including: three policies that provide innovative financial support; three policies that give SMEs access to expert support; three policies that encourage industry collaboration; and two policies that build awareness and train employees for the Fourth Industrial Revolution.
|Download All Issues of TechWise Today Magazine|
|October 2018||November 2018||December 2018||January 2019|
|February 2019||March 2019||April 2019||May 2019|
|June 2019||July 2019||August 2019||September 2019|
|October 2019||November 2019|
Led by the Ministry of Economy of Brazil and the State of São Paulo, the pilot will start with 130 small and medium-sized manufacturing companies in Brazil, with the aim to increase to 2,000 companies by 2021.
Support Independent Fearless Journalism
In today's media world controlled by corporates and politicians, it is extremely difficult for independent editorial voices to survive. RMN News Service has been maintaining editorial freedom and offering objective content for the past over 7 years despite enormous pressures.
In order to serve you fearlessly in this cut-throat world, RMN News Service urges you to support us financially with your donations. You can choose the amount that you want to donate from the options given below.
You also can select any of the Payment Methods:
Offline Donation: To know our bank details for online bank transfer and payment by cheque in Indian rupees.
PayPal: To make payment by Credit / Debit Card or PayPal account.