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BC Chew

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FACULTY OF TECHNOLOGY MANAGEMENT AND TECHNOPRENEURSHIP
UNIVERSITI TEKNIKAL MALAYSIA MELAKA
STRATEGIC TECHNOLOGY MANAGEMENT (PDTM 6233)
MOHD YUSOF BIN ABU BAKAR
P062220002
MOHAMMAD ARIFF BIN MD YUSOF
P062220004
AHMAD AZLAN BIN SALEH
P062220009
NURUL ‘ATIQAH BINTI YAHAYA
P062220006
LECTURER: Assoc. Prof. Dr. Boon Cheong CHEW
How
THE INDUSTRY4WRD FRAMEWORK
For Internal Use - For Internal Distribution Only
GLOBALIZATION
ENHANCED THE
SPREAD OF
KNOWLEDGE
AND
TECHNOLOGY
Globalization and technology
shared a causal relationship
It has allowed countries to
gain easier access to foreign
knowledge.
Transfer of technology has helped to boost
innovation and productivity in the emerging
market
Globalization enhanced international
competition
For Internal Use - For Internal Distribution Only
Adoption of Technology
04
02
Artificial Intelligence (AI)
01
Industry Investment
03
Machine Learning
For Internal Use - For Internal Distribution Only
Employment Opportunities
Skills will continue to
help in the country’s
economic recovery and
growth and will become
the new currency for
recruitment in the
workplace (MIDA, 2021).
 Lead to the
development of new
products and services
that enhance people's
lives
 VRAR - improve the
productivity of
healthcare personnel
by accelerating their
time-to-diagnosis,
surgical accuracy and
reduce time-to-care
Automation, AI, and
machine learning
technologies can create
high-skilled jobs related to
technology development
and maintenance
Improved Quality of Life
Skill Development
SOCIAL BENEFITS
For Internal Use - For Internal Distribution Only
Capital and Labor
Augmentation Spurs
Innovation and Increased
Productivity
When machines handle job
routine, time consuming
activities and human capacity is
freed up to create new products
and new tasks (Muro, Maxim,
and Whiton, 2019) which
leading to higher output with
the same or fewer resources.
Competitiveness
 AI has been recognized as a
strategic information
technology innovation tool
to improve companies’
competitiveness.
 Industries that adopt
advanced technologies tend
to be more competitive in
the global market which
lead to increased exports,
bringing revenue into the
country and boosting the
economy.
Innovation
&
Entrepreneurship
When businesses adopt new
technologies, it often leads to
the development of
innovative products and
services as individuals and
small businesses find new
opportunities in the evolving
technological landscape.
ECONOMIC BENEFITS

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Industry4wrd.pptx

  • 1. For Internal Use - For Internal Distribution Only FACULTY OF TECHNOLOGY MANAGEMENT AND TECHNOPRENEURSHIP UNIVERSITI TEKNIKAL MALAYSIA MELAKA STRATEGIC TECHNOLOGY MANAGEMENT (PDTM 6233) MOHD YUSOF BIN ABU BAKAR P062220002 MOHAMMAD ARIFF BIN MD YUSOF P062220004 AHMAD AZLAN BIN SALEH P062220009 NURUL ‘ATIQAH BINTI YAHAYA P062220006 LECTURER: Assoc. Prof. Dr. Boon Cheong CHEW
  • 3. For Internal Use - For Internal Distribution Only GLOBALIZATION ENHANCED THE SPREAD OF KNOWLEDGE AND TECHNOLOGY Globalization and technology shared a causal relationship It has allowed countries to gain easier access to foreign knowledge. Transfer of technology has helped to boost innovation and productivity in the emerging market Globalization enhanced international competition
  • 4. For Internal Use - For Internal Distribution Only Adoption of Technology 04 02 Artificial Intelligence (AI) 01 Industry Investment 03 Machine Learning
  • 5. For Internal Use - For Internal Distribution Only Employment Opportunities Skills will continue to help in the country’s economic recovery and growth and will become the new currency for recruitment in the workplace (MIDA, 2021).  Lead to the development of new products and services that enhance people's lives  VRAR - improve the productivity of healthcare personnel by accelerating their time-to-diagnosis, surgical accuracy and reduce time-to-care Automation, AI, and machine learning technologies can create high-skilled jobs related to technology development and maintenance Improved Quality of Life Skill Development SOCIAL BENEFITS
  • 6. For Internal Use - For Internal Distribution Only Capital and Labor Augmentation Spurs Innovation and Increased Productivity When machines handle job routine, time consuming activities and human capacity is freed up to create new products and new tasks (Muro, Maxim, and Whiton, 2019) which leading to higher output with the same or fewer resources. Competitiveness  AI has been recognized as a strategic information technology innovation tool to improve companies’ competitiveness.  Industries that adopt advanced technologies tend to be more competitive in the global market which lead to increased exports, bringing revenue into the country and boosting the economy. Innovation & Entrepreneurship When businesses adopt new technologies, it often leads to the development of innovative products and services as individuals and small businesses find new opportunities in the evolving technological landscape. ECONOMIC BENEFITS
  • 7. For Internal Use - For Internal Distribution Only Cost Reduction  Automation can lead to significant cost reductions in the long run and leading to financial saving.  If a machine can do tasks currently done by humans, it will do it with greater precision, speed and at lower cost. Economic Growth  Automation lead to economic growth by increasing productivity, improving quality, and creating new jobs thus will resulting in higher incomes, increased tax revenues, and improved standards of living.  The study also found that automation could boost Malaysia's GDP by up to 14% (Malaysiakini, 2021). ECONOMIC BENEFITS
  • 8. Artificial Intelligence (AI) Market Size in Malaysia
  • 9. For Internal Use - For Internal Distribution Only
  • 10. For Internal Use - For Internal Distribution Only  To recognize and reward companies for their tangible achievements in terms of performance and productivity improvements.  The strategy proposes the introduction of dynamic and innovative financial products such as venture capital funds, technology- focused loans, or risk-sharing mechanisms in order to promote the adoption of Industry 4.0 technologies and processes.  To motivate companies to invest in cutting- edge technologies, ultimately bolstering their competitiveness and fostering growth. Funding & Outcome based Incentives Enabling Ecosystem & Efficient Digital Infrastructure  The foundation of Industry 4.0 technologies and services hinges on the establishment of a fast and secure data connection.  Nevertheless, certain gaps in connectivity persist, particularly in crucial industrial and training locations, which have the potential to hinder the adoption and development of Industry 4.0 technologies and processes.  To address this issue, the strategy is to identify and eliminate key connectivity bottlenecks in priority locations, in order to ensure these essential areas have access to the requisite high-speed and secure data connections. RELEVENT POLICIES
  • 11. For Internal Use - For Internal Distribution Only  Observations from experiences in other countries have underscored the crucial role played by digital and technology labs for the dissemination of Industry 4.0 technologies and knowledge transfer  Government's objective is to collaborate with both global and local industry leaders in establishing digital and Industry 4.0 demonstration labs, with the aim of facilitating the practical showcasing and application of these transformative technologies  The main imperative lies in the development and commercialization of novel technologies and processes tailored to meet specific requirements within priority sectors to uphold Malaysia's status as a preferred high-tech and manufacturing hub, as well as a trusted supply chain partner. Upskilling Existing and Producing Future Talent  The swift transition to smart manufacturing business models, technologies, and processes is driving a significant shift in the skill requirements for the current workforce.  This transformation is necessary for the establishment of well-structured and current training and skills development avenues.  The objectives of this strategy is to enhance the skillset of the existing workforce, ensuring that they are well-prepared to adapt to the changing demands of Industry 4.0.  To mitigate the potential impact on jobs by enabling individuals to acquire the necessary skills and expertise required in the evolving landscape of smart manufacturing. Access to Smart Technologies & Standards RELEVENT POLICIES
  • 12. For Internal Use - For Internal Distribution Only  Digital Platform Network+ (DPN+) aim to establish a robust community of digital solution providers to promote the capacity and capabilities of local technology firms and simultaneously contribute to the growth of the digital economy  Allocation of RM100 million for digitalization grants and RM900 million in loan funds to enhance business productivity through automation and digitalization.  Malaysia government’s plan to invest RM30 million in the training and development of the local workforce and not only addressed the pressing need for skilled talents but also try to realise Madani Economy goal to make Malaysia more competitive. Government Effort to Support Industry Investment, AI, Machine Learning and Automation  MPC and Google Cloud in partnership with PointStart has supported the government initiative with a programme known as Digital Acceleration for Learning and Industry Adoption (DALIA) to drive productivity and digitalisation for organization in Malaysia by working with local solutions providers.  It is designed to assist companies that lack knowledge in programming and the ability to internally develop solutions to address productivity challenges within the organization
  • 13. For Internal Use - For Internal Distribution Only  MIDA and associated agencies have organized industry-specific events, seminars, workshops, and briefings in Malaysia and abroad.  They have also launched campaigns to help companies harness technology opportunities, where these initiatives involve the adoption of Industry 4.0 technologies in supply chains, the establishment of high-speed broadband and etc.  This shows that Malaysian government offers financial support to companies for assessing their readiness and transitioning to Industry 4.0. Support the Adoption of Technology through Automation & Machine Learning Artificial Intelligence  The adoption of AI in Malaysia offers substantial economic and productivity benefits.  For instance, AI not only can automate repetitive task but also enhance employees' capabilities, enabling them to focus on higher- value work.  Malaysia has developed the AI Roadmap (AIRmap) through a collaborative effort involving experts, consultants, and public engagement to boost productivity by 30% across all sectors by 2030.
  • 14. For Internal Use - For Internal Distribution Only  According to the report, AI could add $13 trillion to global economic output by 2030.  Plus, create up to 79 millions new jobs, while displacing 75 millions jobs.  The impact of AI is likely to be positive, as AI will create new industries and jobs that do not exist today.  AI could exacerbate existing inequalities such as gender and wealth gap.  Malaysia government had invest in education and training to help workers adapt to the new economy and they have develop policies to ensure that the benefits of AI are shared widely Government Effort to Support Industry Investment, AI, Machine Learning and Automation  In 2021, the government launched the MyDigital initiative, which aims to accelerate the digital transformation of Malaysia’s economy and society.  Manufacturing sector was using automation to improve productivity and quality.  Agriculture sector using automation to automate tasks such as harvesting and packaging.  Service sector using automation to automate tasks such as customer service and data entry.  Thus, the government will continue to invest in automation and the benefits are expected to continue to grow in the years to come.
  • 15. For Internal Use - For Internal Distribution Only  MIT Technology Review Insights highlighted that half of business leaders in Malaysia consider artificial intelligence (AI) to have positive values and are investing on a case-by-case basis (TM One, 2019.  There are 62% considered artificial intelligent (AI) to be the technology that will transform their business over the next five years. Unfortunately, 1000 Malaysian respondents in lower income brackets showed their level of concern were greater as they believed their job are at risk of automation.  According to Figure 2, 14% of current jobs are likely to be automated by technology within the next five years in Malaysia.  The sectors that will be most greatly affected are manufacturing with 21% of jobs at risk, followed by transportation (20%), administration services, utilities, and wholesale and retail (17% at risk in each sector).  In Malaysia, 10% of current jobs are likely to be augmented by AI within five years. The industries where the most roles will be augmented by AI are information and communication technologies and public administration with 14% both and healthcare with 13%. Figure 2: Automation and Augmentation of Jobs in Malaysia Within Five Years Public Response
  • 16. For Internal Use - For Internal Distribution Only FIVE (5) strategic technology management suggestions 2. Employees 3. Customers 4. Suppliers and Partners 5. Investors 1. Executives and Decision Makers