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What is Industrial Revolution 4.0 actually?

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“Industrial Revolution 4.0″ is taking place in many developed countries. It gives mankind the opportunity to change the face of the economy, but there are many unpredictable risks.

In the past few months, the concept of “Industrial Revolution 4.0″ has been widely talked about in the media and social networks. Along with that is the promise of “life changing” of businesses in Vietnam if our country can catch up the wave. Therefore, how should this revolution be understood?

Definition of Industrial Revolution 4.0

Industrial Revolution 4.0

Industrial Revolution 4.0

According to Gartner, the Industrial Revolution 4.0 (or the Fourth Industrial Revolution) comes from the “Industrie 4.0″ concept in a German government report in 2013. “Industrie 4.0″ connects embedded systems and intelligent manufacturing facilities to create digital convergence between the Industry, Business, functions and internal processes.

If the Gartner definition is confusing, Klaus Schwab, founder and president of the World Economic Forum, gives a simpler view of the Industrial Revolution 4.0:

“The first industrial revolution utilized water and steam power to mechanize production. The second revolution took place through the use of electricity for mass production. The third revolution uses electronics and information technology to automate production. Now, the Fourth Industrial Revolution is flourishing from the third revolution that combines technologies together, blurring the boundaries between physics, digital and biology. ”

According to Klaus Schwab, the breakthrough speed of the Industrial Revolution 4.0 is “without precedent”. Compared to previous industrial revolutions, 4.0 is evolving under an exponential rather than linear speed. Moreover, it is breaking most of the industry in every country. And the breadth and depth of these changes signal the transformation of the entire production, management and administration system.

How will the Industry Revolution 4.0 work?

Followed by the definition of Klaus Schwab, the Industry Revolution 4.0 will take place on three main areas: Biotechnology, Digital and Physics.

The core elements of Digital in Industry Revolution 4.0 will be: AI, Internet of Things (IoT) and Big Data.

In the field of biotechnology, the Industrial Revolution 4.0 focuses on research to create leaps in agriculture, fisheries, medicine, food processing, environmental protection, renewable energy, chemistry and materials.

Finally, the field of physics with new robots, 3D printers, self-driving cars, new materials (graphene, skyrmions …) and nanotechnology.

Currently the Industry Revolution 4.0 is taking place in developed countries like USA, Europe and part of Asia. In addition to the new opportunities, the industrial revolution 4.0 also pose challenges for mankind to face.

Opportunities along with global risks and challenges 

The downside of the Industrial Revolution 4.0 is that it can cause inequality. Especially can break the labor market. When automation replaces manual labor in the economy, when robots replace people in many areas, millions of workers around the world may fall into unemployment, especially those who work in the field of insurance, real estate brokerage, financial consulting, transportation.

Machinery will push millions of workers into unemployment. Photo: Siemens.

Machinery will push millions of workers into unemployment. Photo: Siemens.

The report of the World Economic Forum has raised this issue at different stages. The first stage will be the challenge for office workers, intellectuals, technical workers. The next stage will be cheap labor, which may be slower. With the movement of this revolution, in the next 15 years the world will have a new face, requiring businesses to change.

Then, the economic turmoil that has arisen from the Industrial Revolution will lead to life insecurity. Its implications will be political instability. If governments do not understand and fully prepare for the 4.0 industry wave, the risk of global instability is entirely possible.

In addition, changes in the way people communicate on the Internet put people at risk for financial health. Personal information, if not safely protected, can lead to undesirable consequences.

The 4th Industrial Revolution brings opportunity, and also challenges for humanity.

What do state and business agencies do in the digital transformation?

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The seminar “Digital Transformation: Opportunities and Challenges” provided visitors with an overview and targets that we have to face in 4th industrial revolution.

On November 1, in Hanoi, the Vietnam Digital Media Association organized a seminar on “Transformation: Opportunities and Challenges” to provide an overview on the situation of digital transformation in 4th industrial revolution in Vietnam, and outlines the specific objectives that state agencies, as well as businesses and citizens need to capture.

Opening speech at the seminar, Mr. Nguyen Minh Hong, Vice Minister of MIC, President of Vietnam Association of Small and Medium Enterprises emphasized the importance of digital transformation at the present. “Vietnam is not standing out of the 4th industrial revolution in the world, and all sectors and industries need to change in order to be able to adapt to the development of technology,” said the minister.

“Digital transformation is no longer the business of any organization or business, but all of them must accept the change, and if they do not change, they will be left behind, and may threaten to their existance, “Vice Minister Nguyen Minh Hong said.

What is the concept of a digital transformation?

At the seminar, Mr. Nguyen Thanh Phuc, Head of the Department of Informatics – Ministry of Information and Communication gave a speech on the process of digital transformation, starting right from the concept that is still confused by the name.

Knowing only the name of the digital transformation, but the world has a lot of concepts. For example, according to Gartner, digital transformation is the use of technology to change the business model, creating new opportunities and revenues. As for Microsoft, they have come up with the concept of digital transformation: rethinking how people organize data, and processes, to create new values.

Digital transformation is a holistic and comprehensive change involving the fields of life, society, changing the way we live, work, interact with each other.

After studying many different concepts, Nguyen Thanh Phuc said that digital transformation must first be associated with clear objects, people, businesses, and government agencies.

Particularly people, digital transformation is the process that changes the way we live, work, trade with one another. For businesses, digital transformation is the use of digital technologies and data to change the business model, change the process of providing products and services, create new products and services. For state agencies, digital transformation is the process of changing people’s experience with the services provided by the state, changing the process, model and mode of operation of state agencies.

Mr. Nguyen Thanh Phuc also evaluates the process of digital transformation that is happening in Vietnam, only that it lacks a comprehensive approach, complete in terms of a country.

What should state agencies do in the digital transformation?

In terms of state agencies, adaptation and change in 4th industrial revolution play a decisive role in the success of the process.

At the seminar, Nguyen Thanh Phuc said, “The urgency of digital transformation is reflected in a study conducted in 2017 by Microsoft that said the process brought about a 6% increase in GDP.”

“Based on many other studies, we can see that countries that are interested in digital transformation can achieve over 5%, and if we do not care then we are still at a normal level,” said Nguyen Thanh Phuc.

For state agencies, according to Nguyen Thanh Phuc, the goal and challenge is to switch from a closed data system to open data, to create a data sharing connection.  This serves as a precondition for promoting digital transformation of the enterprises, as well as for the people to be convenient.

“Just when I was in Singapore, I found that they used the user data submitted for urban transport planning. For example, which area is densely populated, and which ones often have traffic jam, … from which to implement measures such as arranging how many buses in a residential area is reasonable”.

In addition, when implementing digital transformation, state agencies must also use a data analysis system, possibly from AI, to digitize input sources so its no longer depend on administrative documents.

“As a result, we will eliminate many unnecessary intermediary steps, contributing to the speed and effectiveness of this activity.”

What about businesses?

Digital transformation also contribute to increased productivity, and according to Nguyen Thanh Phuc, this is a factor that Vietnam always pay attention. “We are developing at a lower productivity than the average GDP growth of the country”.

For business objects, the digital transformation as presented, is summarized as the transition from a traditional business model to a digital business model. Typical examples are car reservation services, online car rental, hotel reservations, or e-commerce units.

For some businesses, digital transformation can be understood as the application of integrated chips on the product from which to put into the IoT cycle. In addition, digital transformation is also a transition from traditional production processes to data modeling and robotics, AI.

“In the near future, we will see factories that have no more workers,” said Nguyen Thanh Phuc, “This is something that can be done when robots become more popular and cheaper.”

Apart from the practical and urgent objectives for the two main subjects, government agencies and enterprises in the digital transformation, The seminar also recorded many contributions, sharing about experiences from speakers and guests of the event.

The seminar agreed with the view that Vietnam is indeed facing a great opportunity to be in line with major countries, but it is accompanied by real challenges for all, from the people, businesses, to the goverment.

Digital Transformation and the Fourth Industrial Revolution

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On September 14 in HCM City, Microsoft Vietnam hosted the event: “Microsoft Business and Technology Festival 2018″.

Mr Nguyen Hoang Nhut, CEO of Opus Solution

Mr Nguyen Hoang Nhut, CEO of Opus Solution – a partner of Microsoft

This is considered as a bridge for young Vietnamese enterprises to meet and discuss with leading industry experts on the opportunities and challenges that businesses have to face in the context of Vietnam economy is strongly affected by the 4th Industrial Revolution.

With a total population of more than 90 million people, including over 58 million Internet users, more than 125 million mobile subscribers, more than 3,000 innovative businesses, many successful businesses in the information technology industry, software, digital technology … Vietnam is considered as one of the countries with great potential to develop digital economy. Despite having potential, the big question is whether Vietnamese enterprises are ready to face the challenge to lead the race of the business digital transformation and economic transformation of the country.

Speaking at the event, Pham The Truong, General Director of Microsoft Vietnam, said that digital transformation is a fierce race in which pioneering businesses will achieve double benefits when compared to the latter.

General Director of Microsoft Vietnam Pham The Truong

General Director of Microsoft Vietnam, Mr Pham The Truong

At the event, businesses experienced a part of working style of the digital age that Microsoft believes will significantly improve productivity. With the tools of Microsoft, especially the Azure ecosystem, office is in the smartphone itself, employees will no longer have to be present in the office for handling their task.

In addition, Opus Solution, as a Microsoft partner, had a opportunity to introduce to Vietnamese enterprises the solution based on Microsoft technology to help businesses: improve digital workflow; analyze and evaluate real-time business indicators and improve sales performance. More prominently is the Tasken solution being developed by Opus Solution.

Opus Solution Co., Ltd

Opus Solution Co., Ltd

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Opus Solution introduces Tasken solution

Opus Solution introduces Tasken solution

Tasken Solution developeb by Opus Solution

Tasken Solution developed by Opus Solution

Mr Nguyen Hoang Nhut, CEO of Opus Solution was also honored to be introduced to businesses about the Business Digital Transformation & Practical experience, showed them how they can digitalize their enterprise in step-by-step manner, as well as the actual situation that may arise in practice and how to solve it.

This event is a great opportunity for Opus Solution to meet and discuss with big technology companies such as Microsoft, Softline,.. as well as introduce our new solution to Vietnamese enterprises, helping them get more experience and knowledge to prepare for the 4th Industrial Revolution.