Taking on opportunities of industry 4.0

Taking on opportunities of industry 4.0

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