The IoT could start the fourth industrial revolution and Japan and Taiwan should work together on IoT technology for mutual benefit , according to Taiwan 's former president Lee Chun - hui . In a speech , Lee noted that Japan 's strengths in R&D combined with Taiwan 's exports could see the two countries dominate the world market and boost Taiwan 's economic growth to between 3 % and 4 % annually . He visited Naha, the capital of Okinawa, in 2008, but this was his first visit to Ishigaki. Japan has advanced IoT technology and Taiwan could contribute to the industrialisation of related services which could expand globally , he added .
The IoT could start the fourth industrial revolution and Japan and Taiwan should work together on IoT technology for mutual benefit , according to Taiwan 's former president Lee Chun - hui . In a speech , Lee noted that Japan 's strengths in R&D combined with Taiwan 's exports could see the two countries dominate the world market and boost Taiwan 's economic growth to between 3 % and 4 % annually . Japan has advanced IoT technology and Taiwan could contribute to the industrialisation of related services which could expand globally , he added .