MNCC organising conference to explain Industry 4.0, facilitate and fund SME adoption | Malay Mail

MNCC president Professor Ahmad Zaki Abu Bakar speaks to 'Malay Mail' during an interview in Petaling Jaya April 16, 2019. — Picture by Yusof Mat Isa

Titled “Industry 4.0: Demystify, Funding and Roadmap” the conference aims at providing baby steps to the local SME industry on how they can adapt to the future, remain competitive, and not be left behind, all while ensuring they can afford to change., MNCC president Professor Ahmad Zaki Abu Bakar said his aim in organising this conference on April 30 at Hilton Petaling Jaya was to ensure that Malaysian SMEs keep astrid with global advancements.

Apparently, many in the SME sector are aware and interested in adapting to I4.0 but they are not sure what is in it for them besides having to fork out a lot of money for investment.One of the speakers for the conference, Jimmy Cheah, said the reasons behind their refusal to adopt I4.0 are complex. “However, South Korea and Vietnam adapted to the current technology quickly because they started later than us and they began with more modern technology — just like how a millennial easily adopts the iPad or smartphones when compared to the older generation,” Cheah pointed out.

“Their lifespan will be slightly longer than 10 years but they will be less competitive and we are talking about the domestic market. For industries competing outside of Malaysia, then their lifespan will be shorter. “Some of the speakers I talk to, they have this observation and they provide feedback to the organiser — when people come in and they just listen to the speakers in other I 4.0 conference they just talk about products and they cannot relate to it.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Retail industry to grow 45pc with improved sentiment, association says | Malay MailKUALA LUMPUR, April 17 — The Malaysian retail industry is expected to grow by 4.5 per cent this year compared with 3.9 per cent last year, due to the better business sentiment with China. Malaysia Retail Chain Association (MRCA) president, Datuk Seri Garry Chua, said the good relations between...
Source: malaymail - 🏆 1. / 86 Read more »

Rice industry in dire straits despite billions in federal aid, says KRI study | Malay MailKUALA LUMPUR, April 10 — The country’s rice industry remains severely deficient despite having received billions worth of federal subsidies, incentives and other forms of assistance, said a new study on food security by Khazanah Research Institute (KRI) released today. The think tank in its...
Source: malaymail - 🏆 1. / 86 Read more »

KL scores a first as Asian football industry capital | Malay MailKUALA LUMPUR, April 11 — The first edition of the World Football Summit Asia (WFS Asia) will be held at the Sunway Pyramid Convention Centre to inspire and empower the Asian football industry. Beginning April 29, the two-day summit will connect almost 2,000 industry professionals to discuss the...
Source: malaymail - 🏆 1. / 86 Read more »

Dr M again says new national car vital to auto industry | Malay MailSERDANG, April 11 — Putrajaya’s mission to create a new national car brand is crucial to further development of Malaysia’s transport sector, Prime Minister Tun Dr Mahathir Mohamad asserted today. He said the exports of Malaysian cars and components in 2018 that reached RM2 billion and RM12... Yang bole terbang ke yang biasa chedet_cc ya kereta terbang As if auto industry is the only industry focused by the new gomen. Billions of rakyat money wasted bailing out the previous national car and billions more for this ridiculous pet project.
Source: malaymail - 🏆 1. / 86 Read more »