Adapting to Industry 4.0 in the Philippines with Affordable Digital Transformation

Eeman Bulotano
September 14, 2022

How can more companies in the Philippines cope with the 4th Industrial Revolution?

The 4th Industrial Revolution in the Philippines – Are We There Yet?

The Philippine economy is one of the fastest growing in Southeast Asia. But as a country that has traditionally relied on imports and exports, we have yet to fully embrace new technologies—especially those related to the “Fourth Industrial Revolution.” That’s why the first step toward digital transformation is learning how it affects your company and its customers. In this post, we’ll talk about what Industry 4.0 is, what it means for businesses everywhere, and how you can adapt your company’s operations in order.

Wait Wait Wait… What the Heck is the “Fourth Industrial Revolution?”

The “Fourth Industrial Revolution” or Industry 4.0 is the current industrial revolution. It’s characterized by the convergence of technologies, which has led to a digital transformation and human revolution.

The Fourth Industrial Revolution will be powered by automation and robotics, which can transform businesses into smart organizations that are able to deliver quality products or services at lower costs than before. The rise of artificial intelligence (AI) will also play a big role in this transition because it makes it easier for companies to analyze data from their supply chain partners or customers while they’re still on location rather than waiting until they reach headquarters before making any decisions about what needs doing next.

Hooman Team X 2023 (1) - Human x Digital

Can anyone afford the transition?

If you’re a business owner in the Philippines, you may be feeling like there are too many things that need to be done at once and not enough time to do them. But if you want your company to survive in this new world of Industry 4.0, it might be worth investing in some technology upgrades early, especially with essentials like a website or business management solutions like ERP, so that your business can stay competitive as industries around the country make similar investments—and maybe even get ahead of them by adapting faster than competitors who don’t make smart choices about their digital transformation strategies.

Is adapting even worth it?

The Industrial Revolution changed the world, and it’s happening again. Industry 4.0 is the future of work, and it’s not just about technology anymore—it’s about how humans and technology interact with each other in order to create better results for both parties involved. This means that even if you haven’t adapted yet, you’ll probably have to do so in order to stay competitive as an industry 4.0 company moving forward.

What do I need to learn and/or unlearn?

If you’re looking to get into Industry 4.0, it’s important to know what skills you need and which ones are outdated. You’ve probably heard this before: “It’s not what you know; it’s who you know.” In other words, the more connections your business has with other businesses and organizations throughout the country, the more likely that they will be able to help you out when needed. A study also worth noting is P21’s Framework for 21st Century Learning (and Living). It implies and suggests that for humans to be able to thrive in this new age and time, we need to have adaptable and flexible skillsets like Communications, Collaboration, Critical Thinking and Creativity. Learning and honing these 4 C’s can allow organizations to quickly pivot whatever happens.

When learning new skills or relearning old ones, ask yourself these questions: Does this make sense for my career path? Am I excited about learning/relearning this particular skill (or set of skills)? Will I benefit from incorporating this into my current projects/workflow process today?

Hooman Team X 2023 (1) - Human x Digital

How can I prepare my company for Industry 4.0?

To prepare your company for Industry 4.0, you must first identify your strengths and weaknesses. This will help you determine where to focus efforts on developing a digital transformation roadmap that will help drive growth in the future. 

It’s also important to identify opportunities and threats in your business environment. These can be identified through interviews with employees who are familiar with technology or through data analysis of current trends in their industry (for example: how many companies are already streamlining processes with an ERP?). Finally, establish an overall strategy for how you want to use Industry 4.0 as part of this process by defining what success looks like for each step along the way (for example: “We want our customers’ satisfaction levels up 20%” or “The average time spent on site by visitors should decrease from 24 minutes per visit.”).

Adapting to industry 4.0 is more affordable than you think, and it’s essential for business continuity.

Adapting to industry 4.0 is more affordable than you think, and it’s essential for business continuity.

  • The cost of adapting to Industry 4.0 can be as low as $100 per employee, according to a recent study by Convergence Strategies and Forbes Insights which found that “the average company spends between $2,000 and $5,000 per employee on training.”
  • Adapting to Industry 4.0 will help your business compete in a global economy where companies are increasingly competing on multiple fronts—from product innovation to customer experience (CX) marketing efforts—to drive revenue growth and profits beyond expectations.

Discovering Your Destination with Digital Transformation

As a business owner, you have a lot to consider when it comes to adapting to the fourth industrial revolution. The cost of these technologies can be high, but if you think about it from the perspective of an investment in your company’s future, then it makes more sense. With these innovations, businesses can keep up with their competitors and stay ahead in this ever-changing industry. It’s not just about making money; it’s also about keeping employees engaged and growing together. Mutual growth.

Here at Hooman, we try to be as human-centric as we can be and that covers companies of all shapes and sizes, in any industry. As digital transformation becomes a more general and essential need, we try to make it more affordable and accessible to more humans. Over the past few years since we started, we have been able to work with many industries to build their own iterations of digital transformation and for sure, we’re very much looking forward to discover more with humans. 

By: <a href="https://hooman.design/team/eeman" target="_blank">Eeman Bulotano</a>

By: Eeman Bulotano

Founder and Chief Digital Officer. Full Stack CX Design and Development. Digital Experience Professional. Business Development / Design. Branding. Beat Making.

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