A continuous investment into the latest and emerging technologies has enabled Taiwan to become an industrial and innovation powerhouse. In the World Economic Forum's Global Competitiveness Report 2019, Taiwan was placed 12th among 141 countries and economies. In the 2018 edition, Taiwan was described as a ‘Super Innovator’ along with Germany, Switzerland and the USA.
With strong government support, Taiwan not only developed high-tech manufacturing capabilities but also a highly educated high-tech talent pool and an innovative culture. The country is now a key player in the Industry 4.0 revolution.
Industry 4.0 is how industrial processes leverage smart technologies such as AI, the Internet of Things (IoT), and big data. The integration and application of all these technologies result in its ecosystem. Industry 4.0 aims to enable companies to react to changing environment and markets. According to the MPI Group, the global manufacturing sector will invest US$267 billion for AIoT-related technologies in 2020.
International companies such as Google, IBM and Microsoft are also continuing to invest in Taiwan, especially in the AI sector. The robust technology ecosystem of Taiwan has helps develop technologies that drive the Industry 4.0 revolution.
Taiwan is well-positioned to excel in the world's Industry 4.0 future. For business in smart manufacturing solutions, contact a TAITRA branch offices near you.
***TAITRA overseas offices:
***As of today, Monday March 2, the COVID-19 outbreak has resulted in 88,909 confirmed cases reported worldwide. As of writing, a total of 41 confirmed cases were reported in Taiwan, with 1 deceased, 12 released from isolation, and the remainder hospitalized in stable condition.
***The latest reports as shown in the following table
|China, including Hong Kong (98)
and Macau (10)
|Republic of Korea||4,335|
|2 cruise ships in international conveyance||706|
|United States of America||74|