Prime Minister Nguyen Xuan Phuc visited Siemens’ booth at Smart Industry World 2017 in Hanoi Pham Thai Lai, CEO of Germany’s Siemens Vietnam, spoke to VIR’s Thanh Tung about how digital technologies can impact enterprises in Vietnam, especially medium-sized ones. Digitalisation is a megatrend and is changing the world dramatically. In your opinion, what does digitalisation offer medium-sized enterprises? Let’s take a global aspect in the first instance. Siemens Financial Services recently surveyed managers at 60 international manufacturing firms in eleven countries. They anticipate digitalisation will enable productivity gains of up to 10 per cent of total sales. In Germany, every fifth mid-sized firm is a digital pioneer, already using Industry 4.0 technologies today. Also, the German Federal Ministry for Economic Affairs and Energy is expecting €153 billion ($189 billion) in additional growth from Industry 4.0 by 2020. There’s also lots of potential in Europe. Digital business models and the digital design of value chains in particular offer new opportunities for medium-sized enterprises. The important thing is to start in the right place and then to design the transformation in a commercially viable manner with a forward-looking migration programme. So are there any limits to digitalisation? Regarding time zones, locations,… Read full this story
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