TIV was invited to the United Nations’ Industrial Development Organization’s (UNIDO) Inaugural Regional (ASEAN) Conference to present on the Fourth Industrial Revolution and Industry 4.0
In November 2018, at a seminal conference hosted by UNIDO in Bali, Indonesia on “Unlocking the Potential of Industry 4.0 for Developing Countries”, TIV’s CEO, Ravi Gupta, was invited to present as a distinguished speaker. The conference was conceived as part of a collaborative effort by UNIDO, Indonesia’s Ministry of Industry and Indonesia’s Ministry of Foreign Affairs to spread awareness and encourage knowledge sharing around the challenges and opportunities of Industry 4.0. In particular, the event highlighted the current state of affairs within Asia and the Pacific, and advocated for improved regional coordination. As part of his presentation, Mr. Gupta showcased TIV’s foundational study titled “Industry 4.0: Opportunities Behind the Challenge.” The report had been previously devised as the foundational Background Paper for UNIDO General Conference 17, held in Vienna, Austria the year prior, receiving global acclaim.
In the report, TIV’s authors elucidated five fundamental components for orienting thought on Industry 4.0, including: 1. The governing Industry 4.0 Paradigm, 2. Industry 4.0’s Impact on Sectors, 3. Opportunities 4. Challenges and 5. the notion of a Human Centered Governance Model in Industry 4.0. With this framework in play, TIV members and the coauthors helped to deconstruct the unique facets of each component, such as changes in our schemas of “work”, human-technology interactions, etc. The study also delved into issues of economics (e.g. blockchain), sustainability (e.g. smart grids), ethics (e.g. autonomous vehicle decision making) and law (e.g. intellectual property surrounding software and the inherent ‘black-box’ code of machine learning).
Many of these concepts, and their related opportunities and challenges, set the tone of conference which was attended by multiple high-ranking public officials and leaders of some of the largest companies in the world. The conference was a first step towards implementation of Industry 4.0 and strengthening the regional coordination within Asia Pacific by sharing of good practices and lessons learned, and by identifying good policies and strategies.