Department of Trade and Industry (DTI) secretary Ramon M. Lopez announced the Securing Manufacturing Revitalization and Transformation (SMART) program to business leaders and manufacturers present at the 4th Manufacturing Summit 2019 held at Manila Peninsula Hotel, Makati City, last December 2019.
The aim of the program is to strengthen the manufacturing sector to continue its growth and help transition the industries to Industry 4.0.
Industry 4.0, a.k.a. Industrial Internet of Things (IIoT), or just “smart manufacturing,” is the application of Information and Communication Yechnology (ICT) to every facet of manufacturing is in the midst of reshaping modern manufacturing.
The digitalization of manufacturing is changing how products are designed, fabricated, used, operated, and serviced post-sale, just as it’s transforming the operations, processes, and energy footprint of factories and the management of manufacturing supply chains.
Secretary Lopez said that the projects to be supported under the program would have to be performance-based, targeted, time-bound, and transparent. He also said that the SMART program will support the Industry 4.0 technologies, upgrading processes, upgrading products, upgrading services, and development of new business models.
The proposed budget is around P25 – P30 billion to support small, medium, and even large companies for a period of three years.
The Smart program supports the new flagship industrial strategy of the government as it is consistent with the Philippine Development Plan, the i3S (Inclusive Innovation Industrial Strategy), and the inclusive Filipinnovation and Entrepreneurship Roadmap.
Sources: newsbyte.ph, philstar.com, 2.itif.org– Manufacturing Digitalization, picuki.com
Photo Sources: newsbyte.ph, restart-project.eu, blogs.oracle.com
