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Industry 4.0

Heho Valley can Leapfrog Ahead to Introduce Myanmar to Industry 4.0
Industry 4.0 is the fourth industrial revolution, focusing on intellectual networking of technologies and procedures for manufacturing industries with the assistance of information and communication technology. The concept is designed to bring manufacturing to the next level by bridging the gap between AI and OT technologies, causing a digital transformation and generating a new way of extracting data and resolving issues without human involvement. A concept created in Germany to join the digital and physical world; the model is intended to produce healthier working conditions as well as superior productivity. Hecho Valley is certainly going be a huge contribution for Myanmar to embrace to all these industrial revolutions.
Why is it essential for every country to consider Industry 4.0?
There are number of reasons why developing countries are looking at the major advantages of adopting Industry 4.0. As a consumer centric innovation, industry 4.0 promotes more sustainable patterns of production and consumption as well as reduced waste. Thus, helping manufacturers by becoming more flexible and making it easier to react to changes and challenges in the market. The IoT, or Internet of Things will enable quality improvement as a result of real-time monitoring.
How Industry 4.0 can Impact the Future of the Myanmar IT Industry
The desire is that these movements to embrace Industry 4.0 will help produce for Myanmar Foreign Direct Investment Opportunities. Compared to Myanmar’s peer’s, infrastructure development has been falling behind in recent years, however with many upcoming urban development projects such as Myanmar Technology ICT Park and Heho Valley movement has been made to help develop Myanmar’s infrastructure. The Myanmar Technology Park project has potential to transform the Myanmar IT Industry. Myanmar have the opportunity to leapfrog the initial industrial phases and jump straight into accelerated automation and industrial development. Skipping past the less efficient, more expensive and inferior technologies and progress into more advanced industries.
How is Heho Valley and Industry 4.0 going to transform the business?
Many businesses in Myanmar are open to the change despite the fact that as a nation they have been less active throughout the previous industrial revolutions. There has already been a wealth of movement in the Myanmar software development industry with significant improvements in developing smart city tech and advancements in the banking and telecom’s sectors. The main aspiration of projects such as Heho Valley, which is being developed by Myanmar World Capital (MWC) Co., Ltd, are to encourage foreign investment to help develop transferrable skills in local communities and help businesses prosper. The change is expected to create thousands of jobs in the banking and telecom sectors where Myanmar has fundamentally leapfrogged over previous industrial revolutions. The benefits of Industry 4.0 will ultimately assist a business in becoming shrewder and more resourceful.
Heho Valley and Myanmar Technology Park
Heho Valley and Myanmar Technology ICT Park will have a fundamental impact on Myanmar’s manufacturing industry, acting as an incubator providing a defined set of services. The Myanmar Technology Park or Science and Technology park proposal will be 300 acres in size and aims to benefit the regional and national economies by revolutionizing industries like science and technology, as well as the countries ecosystem. Start-ups will benefit massively whilst sharing space with more mature companies paving the way for learning and collaborative opportunities. Heho Valley land sale and lease opportunities will be available to capital-based businesses specialising in the software and software development industries, hardware manufacturers, IoT and AI businesses and robotic and fibre optics engineers. The space will also have housing and villas, medical centre and an academy. The complex will also boast a logistics hub and warehouse space. Turning Heho Valley into a ‘smart factory’ and reimaging the Myanmar IT Industry. Situated near Heho Airport, Kalaw Township and Shan State the Myanmar Technology Park aims to generate both national and international investment.
Why Myanmar's business must embrace Industry 4.0
The success and spread of industry 4.0 in Myanmar will be reliant on an inclusive approach, shaping a maintainable change in business methods that sustain a sector’s entire economy. Businesses will need to adjust in order to remain competitive and relevant in the new age of technology and innovation. To keep up productivity businesses will need to flexible to better take advantage of accessible resources like Heho Valley, whilst developing equipment and embedding new technology into its operational strategies. If businesses are not willing to adapt and move forward with industry 4.0 there is a possibility that these businesses could fail.
Bringing Myanmar to the World Stage
This manufacturing transformation combined with projects such as Heho Valley have the potential to bring Myanmar on to the world stage when it comes to promoting IT, IT Hardware and IT enabled services. Myanmar has already made steps towards becoming a smarter city introducing ride share services and with 95% of the younger population having smart phone compatibility. By opening the doors in Myanmar Foreign Direct Investment Opportunities are there for the taking and are already being snapped up by investors.
Opportunities and Challenges
As well as creating numerous opportunities Industry 4.0 also comes with its own challenges, the main one being that it could prove disruptive, but Myanmar may have the upper hand from not having previously wholly embraced the previous industry revolutions. However, the pace of this digital shift could pose a threat to the family run businesses who aren’t digitally ready to grasp it. Businesses will have to pilot new manufacturing processes and test new technologies as well as recruit and develop new talent. Innovative start up’s will pave the way. This will require forward thinking as well as a rethink regarding organisational processes. Change of management will also need to be considered and company culture examined in order to make the shift a success.
The activity in Myanmar is increasingly exciting to watch especially the information surrounding the development of Heho Valley. It is predicted that is years to come, there will be a development of a more prosperous middle class who will be the pioneers behind the innovation of the Myanmar software development industry. Incubators like Heho Valley will be the catalyst for start-ups and young people breaking into the industry and achieving success, drawing support and growth to Myanmar from international investments.