8. Disruptive Change from Robotics, Industrial Automation and the Digital Economy

Industrial automation, robotics, artificial intelligence and big data are transforming the global industrial landscape, creating disruptive change in many industries. Tens of millions of jobs will be lost worldwide over the next decade due to the impact of these technological trends. The transformation of industrial competitiveness by digital disruption and industrial automation have created new challenges to the East Asian development model of using low-cost manufacturing as a platform for industrial development and rapid economic growth.