Smart manufacturing is important to small and medium enterprises (SMEs) because such businesses account for between 95% and 99% of every major country’s manufacturing sectors, Manufacturing Enterprise Solutions Association vice-chairperson Dr Ananth Seshan said during the organisation’s year-end function on November 17. As such, he said, it was vital for SMEs to implement technologies and processes of the Fourth Industrial Revolution (4IR), but highlighted several reasons why this was a challenge for SMEs.
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