Few technological advances have gained the world’s attention like the Internet of Things (IoT), defined by global analytics firm IDC as “a network of uniquely identifiable ‘things’ that communicate without human interaction using IP connectivity.” Some 13 billion connected devices are already in operation, used mostly in manufacturing, transportation, smart cities, and consumer applications, and…
The major new development is creation of Taiwania Capital Management, a government-backed venture-capital operation. Among the seven industries targeted in the government’s “5+2 Industrial Innovation Program,” the one starting with the strongest foundation is smart machinery. Overall machinery production value this year could break the NT$1 trillion (about US$33 billion) mark for the first time,…
One of Taiwan’s most up-and-coming cities hopes to become a preeminent innovation hub in Asia. Taiwan has bold ambitions for its industrial transformation. One of the central tenets of that bid is the Asia Silicon Valley Development Plan, which policymakers hope will create a hotbed of technological innovation in the northern Taiwan city of Taoyuan….
New smart-city digital technologies involving the Internet of Things are being adopted by the nation’s largest cities and could help spur economic development through industrial transformation. Some of the leading examples so far are the eTag electronic toll collection system, the EasyCard payment platform, and the Wi-Fi system on the Taoyuan Metro. Under planning is…
Innovation is high on Taiwan’s agenda, and the Asia·Silicon Valley segment of the 5+2 Innovative Industries plan promises to launch Taiwan into the innovation value ecosystem, says National Development Council (NDC) Deputy Minister Kung Ming-hsin. Innovative technologies and business models are transforming global business, Kung says, and “if Taiwan is not included in that trend,…
In recent months, the public faceoff between ride-hailing app Uber Technologies and Taiwanese regulators has at times overshadowed the many ways in which the United States and Taiwan are working together in the digital economy. The collaboration covers a number of digital-economy initiatives first outlined in a Digital Economy Forum held in Washington, D.C. in…
The Tsai Ing-wen government has included this sector among its five priority industries. To meet the growing global demand for smart automated manufacturing equipment in line with what has been dubbed “Industry 4.0,” Taiwan’s machinery companies are scrambling to turn out smart models by incorporating advanced information technology into their products. The outlook for…
