Page 45 - Taiwan Hand Tools 2022-03 Edition

43

FEATURE TOPIC

Originally published in the Economic Daily News by ITRI
Originally published in the Economic Daily News by ITRI
Aldea AI Collaboration Platform in Mandarin ChineseAI Collaboration Platform in Mandarin Chinese
Aldea
Translation by Stephanie Chaoranslation by Stephanie Chao
T

W
What’s stopping Taiwan’s manufacturing hat’s stopping Taiwan’s manufacturing

industry from becoming smarter?
industry from becoming smarter?

Originally published in the Economic Daily News by ITRI Aldea AI Collaboration Platform in Mandarin Chinese
Translation by Stephanie Chao

ditor’s Notes: To create hand tools, one must require External Stressors: Domestic tech still
Ethe equipment to do so. With digital transformation playing catch-up with mature global
and Industry 4.0 capabilities becoming more and more solutions
prevalent across different industries, the incorporation of
smart machinery has become a crucial factor in leading the Global big-name companies embracing and rolling
hand tools industry into a diff erent era. In this translation out smart solutions are already a trend among examples
of a Mandarin-language article originally published in the like Microsoft, Rockwell Automation, Siemens, Mitsubishi
Economic Daily News, we discuss the on-going trends in Motors, Fanuc, and Amazon. The relatively fast adoption of
the smart machinery development, and off er more insight smart industry IoT solutions is to accelerate achieving smart
on smart applications, with the aim to bridge different manufacturing needs, goals like accuracy, worker and labor
industries together. effi ciency, and fast production and delivery. These solutions
can pivot the manufacturing sector to success; however,
Internal Stressors: Over-reliance on labor work amid many suppliers still advocate for labor-intensive solutions
declining birthrates negatively impact industry development over technology-proven ones in Taiwan.

The export-oriented manufacturing industry is still If Taiwanese industries wish to improve their business
primarily a labor-intensive sector, especially in machinery, service structure and competitiveness, certain aspects of
metal processing, textile, electronic product production the production process must be digitalized and automated.
lines, costing around 50% to 70% of labor, 30% to 40% Failure to integrate and internalize multiple solutions into
of productive time, and 65% of costs. On the other hand, one package will result in companies’ over-reliance on
labor-intensive areas often report higher error rates and external, general solutions, hampering competitiveness
reduced effi ciency. growth and missing out on opportunities to eventually off er
turnkey solutions.
While Taiwan’s domestic manufacturing industry is
built on small and medium-sized enterprises (SMEs), What is Smart Manufacturing?
more often than not, these companies lack the capital and
knowledge to implement digital technologies to streamline Smart manufacturing is derived from precision
the production chain better. In addition, declining birth rates machinery, having combined varied intelligent technologies,
and an aging population have made traditional production such as AI (A), IoT Big Data (B), cloud computing (C),
models challenging to sustain, hire and retain talent, further robots, and high-speed connection. An integrated solution
resulting in lowered production quality and difficulties to helps companies tackle the demand for smart devices
stay in business. and systems. Therefore, smart manufacturing is often
touted as the primary tool to bolster a modern factory’s

Taiwan Hand Tools 2022 Issue