After being approved by the World Economic Forum to identify the extent to which technologies are adopted in the “sector”

"Industry and Advanced Technology" adopts the Smart Industry Readiness Index

• Al-Suwaidi stressed that the Global Summit for Industry and Industrialization seeks to devise radical solutions to major challenges.

  From the source

picture

The Ministry of Industry and Advanced Technology announced its adoption of the "Smart Industry Readiness Index", which was approved by the World Economic Forum as a global standard for industry (4.0), and the completion of the evaluation of 70 industrial companies in the UAE, with the aim of identifying the extent to which advanced technology is adopted in the industrial sector, and from Then, he developed an accurate and customized roadmap for the adoption of technologies that suit the capabilities of each company, with the aim of increasing productivity and raising the level of operational efficiency.

The announcement of the adoption of the index came in conjunction with the activities of the “World Industrial and Manufacturing Summit 2021”, which will contribute to introducing companies to their current digital maturity, increasing their awareness and knowledge of the applications of the Fourth Industrial Revolution, and the tangible benefits that they can achieve in terms of supporting quantitative and qualitative development of products. Improve supply and value chain management and gain new competitive advantages.

global standard

Minister of State for Advanced Technology, Sarah Al Amiri, said: “We are proud to announce the adoption of the Smart Industry Readiness Index, which was adopted by the World Economic Forum as a global standard for unifying the concepts of the Fourth Industrial Revolution. We are also pleased to announce the first batch of industrial companies that were evaluated within the Smart Industry Readiness Index. Which reached 70 companies, and we aim to evaluate about 200 industrial companies before the end of next year.”

essential element

Al-Amiri added that the evaluation processes constitute an essential element in support of the Fourth Industrial Revolution "Industry 4.0" program, and the information and data collected so far will contribute to determining the extent of the industrial sector's readiness for the Fourth Industrial Revolution, identifying the main challenges and opportunities for adopting advanced technology, and setting an action plan. Accurate and practical support for the adoption of Fourth Industrial Revolution technologies for each company, while this detailed information and data will be used to develop a national roadmap for adopting Fourth Industrial Revolution technologies in priority industrial sectors, and it will include several initiatives, policies and incentives.

financing packages

Al-Amiri indicated that the participating industrial companies will be candidates to benefit from financing packages within the Emirates Development Bank, in order to finance digital transformation operations in the industrial sector, for which five billion dirhams have been allocated in five years, stressing that small and medium industrial companies will be at the forefront of special priorities. In the process of spreading and adopting the applications of the Fourth Industrial Revolution, where the Ministry is working to develop additional incentive packages to support manufacturers in all stages of digital transformation.

unifying efforts

For his part, Omar Al-Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technology, said, "The Global Summit for Industry and Manufacturing seeks to unify global efforts, devise radical solutions to the major challenges facing the world, as well as seize opportunities that can shape and improve the future of people and the planet."

comprehensive tool

The index is an ideal comprehensive tool for assessing companies, not only by assessing their readiness to adopt technology, but also by assessing operations and management.

On the technology front, the index focuses on the automation, communication and intelligence of the industrial facility.

With regard to the operations pillar, the indicator assesses the extent to which the supply chains are integrated and the product life cycle, while in the administrative organization, the institutional structure and the readiness of human resources to adopt the solutions of the fourth industrial revolution will be assessed.

• Sarah Al-Amiri: "Participating industrial companies will be candidates to benefit from financing packages."

• Completing the evaluation of 70 industrial companies in the Emirates.

Follow our latest local and sports news and the latest political and economic developments via Google news