Industrial Revolution In Malaysia

We need to upgrade local workers to mid level skilled positions so you have jobs for malaysians.

Industrial revolution in malaysia. Through the national policy issued by the ministry of international trade and industry miti this initiative will help organisations to push malaysia towards competing with other developed countries in reaching towards the industrial revolution 4 0. We have some three million foreign workers in malaysia yet there are an estimated 300 000 to 400 000 unemployed malaysians. By studymalaysia on june 16 2020 top stories career guide from self driving cars to drone delivered online shopping the fourth industrial revolution is changing how we live work and communicate. National policy on industry 4 0 to drive digital transformation in various sectors in malaysia and one of the initiatives is by developing the knowledge research for science and technology excellence krste my and setting up an industry digitalisation transformation fund to encourage industries to utilise artificial intelligence.

It is impossible to overestimate the significance of ir4 0. In conclusion the fourth industrial revolution is focusing on creating a smart factory which integrating physical system into virtual reality through cps iot and iop technology which is far advance from the third revolution which focusing on transforming analog and mechanical system to digital system. The malaysian ministry of international trade and industry miti tabled the the national policy for industry 4 0 to help advance the countries businesses and factories. This will ideally help the local industries to increase productivity efficiency quality and to also develop new skills and talent with the people.

Currently malaysia is placed between industry 2 0 and industry 3 0. Busan nov 25 prime minister tun dr mahathir mohamad said the government intends to develop malaysia to be part of the fourth industrial revolution 4 0 ir 4 0 and use modern technology to its advantage. A 4 th generation of industrial revolution the 1 st industrial revolution which began in europe in the late 18 th and early 19 th centuries saw machines replace human power and handicraft workshops replaced by factories said ricky sio industry 4 0 digital transformation advisor at sanwei consultancy. For two years in a row malaysia has ranked 17th among nations worldwide in the innovation pillar and has done a high jump in the technological readiness pillar going to 47th from 60th the year before.

Rubaneswaran also believes that industry 4 0 will eliminate malaysia s dependency on low skilled foreign labour. Let me share some perspectives on asean and the fourth industrial revolution ir4 0 despite the fact that i am over 50 have spent my entire career in banking and like all inherently conservative arrogant and boring bankers i am today struggling to help navigate my bank my bankers and myself into this new era.