Environmental Scan 2017 | Page 33

Environmental Scan 2017: Human Capital Issues within the Medical Devices Sector Key Issues  Key Recommendations which the regulatory and compliance requirements are less stringent. Many companies and employees in the industry are not aware of the subsidy/grants that they can tap on for reskilling / upskilling The industry is not ready to move towards Industry 4.0  With the manufacturing landscape changing fast due the convergence of Industrial Internet of Things (IIoT) and the emergence of new technologies like 3D printing, the local industry should be prepared to adopt the technology or otherwise risk losing out to other countries which are embracing these new technologies fast 7. Help industry better understand their current status and gaps, and prepare them to move towards Industry 4.0 33