I am writing to express my support for the Industrial Internet 4.0 Summit.
Manufacturing as we know it is rapidly changing. Industry 4.0 is disrupting traditional industrial processes; facilitating complex networks of cyber-physical production systems and enhancing automation and digitalisation.
In Australia, these changes coincide with the end of the resources investment boom and the phase-out of passenger motor vehicle motor assembly. Australia’s transition to an innovation-led, digital economy means it is well placed to leverage the opportunities presented by future manufacturing trends.
Successful adoption of Industry 4.0 technologies will drive business efficiencies, boost productivity and ensure Australian firms have a competitive edge in the global marketplace, including through improved access to global supply chains.
The Australian government recognises the importance of responding to Industry 4.0, and is working to respond to these through a range of initiatives. This includes engaging with the G20 on its digital economy work stream and developing a National Digital Economy Strategy.
The Government also established and supports the Prime Minister’s Industry 4.0 Taskforce, which provides advice to government on how Australia can capitalise on the early adoption of Industry 4.0.
I commend the Summit for its focus in 2018 on deriving value from Industry 4.0, ensuring Australian industry directly benefits from: improved automation, machine-to-machine and human-to-machine communication, artificial intelligence, continued technological improvements and digitalisation in manufacturing.
I wish everyone a successful conference.