Industry 4.0 Malaysia
Industry 4.0 is the integration of data, artificial intelligence, machinery and communication to create an efficient industrial ecosystem that is not just automated but intelligent.
There are 9 main pillars of Industry 4.0 including Industrial Internet of Things, big data & analytics, simulation, vertical & horizontal integration, autonomous robots, the cloud, enhanced cyber security, augmented reality and additive manufacturing & 3D printing.
To further promoting/encouraging malaysian businesses to adopt industry 4.0 into their business, the finance minister Lim Guan Eng said the government would also bear the cost of placing 100 researchers into the private sector under a researchers placement programme.
The government also set up the RM3bil Industry Digitalisation Transformation Fund to encourage industries to utilise artificial intelligence. To further sweeten the deal and speed up adoption, companies making an effort to embrace Industry 4.0 could also enjoy double tax deduction while the only catch is that those company needs to offer scholarships to students studying engineering and technology.
The current economic plans (IMP3 and RMK11) are still relevant and remain as Malaysia’s mid-term policy guide until 2020. RMK11(2016-2020) has identified the three (3) catalytic (E&E, M&E and Chemical) plus two (2) new growth (Aerospace and Medical Devices) sectors as game changers for the manufacturing sector. These sectors will continue as the focus sector together with other sectors such as automotive, petrochemicals, textiles and services.
This policy consists of three visions in making Malaysia as:
- strategic partner for smart manufacturing and related services in the Asia Pacific
- primary destination for investment in the high technology industry.
- a total solutions provider for cutting-edge technology.
Malaysia’s manufacturing sector as a whole varies in terms of where they are currently ranging between 2.0 (mass production) and 3.0 (automation). However, there are industry leads already in the process of moving towards Industry 4.0 or becoming Industry 4.0 compliant on their own.
Yes, because every organization needs to constantly reinvent itself and the adoption of Industry 4.0 can be considered as part of the upgrading process.To ensure sustainability in the long run, digital transformation must be done with the aim of solving important business issues faced in the manufacturing process.Global trends show companies that are not confined to the traditional way of doing things and utilize technology to its advantage have a higher chance of remaining relevant and successful in the long run.