Alongside technologies like autonomous vehicles and augmented reality, smart factories or “lighthouses” are going to play a key part in the current Fourth Industrial Revolution . Lighthouses harness foundational smart technologies such as advanced machine learning , artificial intelligence , and the Internet of Things to enable a sustainable way of creating goods and meeting consumer demand.
In the Philippines, the development of such facilities is likely to bring massive changes to the local industrial sector, increasing their resilience to various market trends, making businesses more sustainable, and reducing the negative ecological and social impacts of manufacturing facilities.Today, the Philippines is well on its way to developing its first Industry 4.0 lighthouses.
First, these estates already offer the right combination of basic utilities, 5G internet, and economic incentives to encourage the development of such facilities. Second, these facilities are located in areas that offer investors logistics and labor advantages, which brings down various business costs needed to justify the investment of new Industry 4.0 facilities.