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The Fourth Industrial Revolution

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Questions and Answers

What characterizes the fourth industrial revolution?

Convergence of digital and physical worlds (correct)

Pre-programmed logic execution

Mass production and mechanization

Static processes

How does Industry 4.0 impact manufacturing processes?

Decentralized control systems

Processes become adaptive and self-corrective (correct)

Processes remain static and rigid

Decrease in communication between machines

What shifts the basis of competition in manufacturing according to the text?

Rigid and static processes

Large-scale centralized control systems

Pre-programmed logic execution

Flexible production (correct)

What distinguishes machines in the fourth industrial revolution from previous eras?

Intelligent, autonomous networks that can communicate and interact Signup and view all the answers

What major change occurs in factory control systems in Industry 4.0?

Shift from centralized to decentralized intelligence Signup and view all the answers

What enables machines in the fourth industrial revolution to respond to demands in real time?

Autonomous networks capable of communication Signup and view all the answers

Which sector does Singapore not occupy a leadership position in, according to the text?

Automotive Signup and view all the answers

What percentage of the world's integrated circuit chips are fabricated, assembled, or tested in Singapore?

10% Signup and view all the answers

Where does Singapore rank globally in terms of high-tech goods export?

Fourth Signup and view all the answers

What is the estimated increase in labor productivity that Industry 4.0 could bring to Singapore by 2024?

30% Signup and view all the answers

Which organization conducted a study estimating the impact of Industry 4.0 on Singapore's manufacturing output?

Boston Consulting Group Signup and view all the answers

In which index was Singapore ranked fifth in the world under the manufacturing value-added category in 2017?

Bloomberg Innovation Index Signup and view all the answers