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Taking on opportunities of industry 4.0

admin — Mon, 21 Aug 2017 02:46:06 +0000

SMEs urged to embrace new technologies to gain a competitive advantage

DIGITAL technology has changed the industrial and manufacturing world. The convergence of the Internet of Things, Artificial Intelligence and robots, among other technologies, has enabled smart factories and the quantum leap into Industry 4.0.

As Malaysia braces for her own transformation in manufacturing, various ministries and government agencies are paving the way to establish a foundation that will push the nation toward a technology-driven economy based on the progressive ideals of Industry 4.0.

Their collective effort is all-encompassing and cuts through all socio-economic borders.

“To remain competitive, we have to embrace new technology such as automation. Industry 4.0 will be a total transformation of the economy. Whether one chooses to embrace it or not, it is inevitable. We need to organise ourselves to participate in and make plans for it,” says Minister of Science, Technology and Innovation (Mosti) Datuk Seri Wilfred Madius Tangau.
Read more at http://www.thestar.com.my/metro/smebiz/news/2017/04/17/taking-on-opportunities-of-industry-40

Embracing Robotic Solutions

admin — Mon, 21 Aug 2017 02:36:20 +0000

Businesses in Malaysia today are plagued with rising costs of raw materials, a shrinking workforce and intensifying competition. To stay ahead of the curve they need to harness advanced technologies, such as robotic automation, as part of their business strategy — a critical success factor as the nation moves towards the fourth industrial revolution.

However, many business owners have preconceived notions that robots are complex, require high maintenance and are only used in large-scale productions. Fortunately, these notions no longer stand true.

Breakthroughs in technology have brought forth a new generation of industrial robots which are designed to work alongside humans. These collaborative robots — or cobots — have made it significantly easier and more affordable for small and medium-sized business owners to automate even the simplest of processes across a wide range of industries, and enjoy the resulting benefits. ……More at https://themalaysianreserve.com/2017/08/04/embracing-robotic-solutions

Article by : Shermine Gotfredsen is the GM at Universal Robots, South-East Asia and Oceania. Source : https://themalaysianreserve.com

Government Incentives and Adoption of New Technologies Drive Growth of Malaysian Automation and Control Systems Market

admin — Mon, 21 Aug 2017 02:01:30 +0000

KUALA LUMPUR, Malaysia, July 18, 2017 /PRNewswire/ — The Malaysian automation and control systems market, one of the biggest for suppliers, is stable and growing. Government incentives to aid manufacturing and infrastructure spend, as well as an established end-user base of sophisticated automation systems, are driving growth in the region. Nonetheless, barriers to market entry are high. To succeed in a fiercely competitive ecosystem, automation vendors must embrace new technologies, such as Internet of Things (IoT), collaborate with developers of machine-to-machine (M2M) technologies, and improve production capabilities.

“Traditional end users, such as the oil and gas, power, and chemicals and petrochemicals industries, will continue to be important revenue contributors for automation systems suppliers,” said Frost & Sullivan Industrial Automation & Process Control Industry Analyst Krishnan Ramanathan. “However, as Industrial Internet of things (IIoT) gains significance, such companies will have to collaborate with multiple suppliers and service providers in the value chain to reap the full benefits of the latest technology.”

Opportunities in Malaysia for Automation and Control System Manufacturers, Forecast to 2021, part of Frost & Sullivan’s Industrial Automation & Process Control Growth Partnership Service program, finds that the total automation and control market in Malaysia will be worth US$409.0 million by 2021. The study provides an analysis of current and expected market developments, drivers, restraints, and revenue forecasts across segments.

Click here to know more about Frost & Sullivan’s research and to sign up for our Growth Strategy Dialogue, a complimentary one-hour interactive session with Frost & Sullivan’s thought leaders.

Strategic imperatives for success and growth in Malaysia’s automation and control systems market include:

Embracing change in both the short and long terms through new business models that offer scope for implementation of IIoT technologies;
Vendors cutting costs at all levels to optimize client benefits due to popularity of main automation contractor (MAC) and main instrumentation vendor (MIV) concepts;
Expanding cloud-enabled services through partnerships and relationships with service providers to leverage technological benefits;
Investing in requisite upgrades now to be able to adopt and integrate new technologies when they are available;
Offering development and training services; and
Focusing on niche solutions.

“With the proliferation of IIoT and other digital technologies, the chances of a cyberattack on an industrial network increases. In most instances, the levels of readiness and skills to thwart cyberattacks are low,” noted Krishnan. “Collaborating or partnering with cybersecurity firms will be vital to future success.”

Frost & Sullivan’s study covers automation market segments such as programmable logic controller (PLC), distributed control system (DCS), supervisory control and data acquisition (SCADA), human machine interface (HMI), and safety systems. The market share and competitive analysis of major suppliers, such as Siemens A.G., Rockwell Automation, Schneider Electric, Yokogawa, Emerson, Honeywell and Omron, are also discussed.

SOURCE Frost & Sullivan http://www.prnewswire.com/news-releases/government-incentives-and-adoption-of-new-technologies-drive-growth-of-malaysian-automation-and-control-systems-market-300489673.html