SlideShare a Scribd company logo
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
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
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
Artificial Intelligence (AI) Market Size in Malaysia
For Internal Use - For Internal Distribution Only
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
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
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
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.
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.
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
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
THANK YOU

More Related Content

What's hot

L10 Technology Selection.pptx
L10 Technology Selection.pptxL10 Technology Selection.pptx
L10 Technology Selection.pptx
BC Chew
 
Konsep pendidikan islam
Konsep pendidikan islamKonsep pendidikan islam
Konsep pendidikan islam
Cak Mujib
 
LECTURE 12: Technology Protection
LECTURE 12: Technology ProtectionLECTURE 12: Technology Protection
LECTURE 12: Technology Protection
BC Chew
 
Borang Soal Kaji Selidik,Pengetahuan Dan Penerimaan Mahasiswa Cina Terhadap C...
Borang Soal Kaji Selidik,Pengetahuan Dan Penerimaan Mahasiswa Cina Terhadap C...Borang Soal Kaji Selidik,Pengetahuan Dan Penerimaan Mahasiswa Cina Terhadap C...
Borang Soal Kaji Selidik,Pengetahuan Dan Penerimaan Mahasiswa Cina Terhadap C...
mandalina landy
 
Hikayat hang tuah.
Hikayat hang tuah.Hikayat hang tuah.
Hikayat hang tuah.
jimoh370
 
UICI 2022 - sains dan islam
UICI 2022 - sains dan islamUICI 2022 - sains dan islam
UICI 2022 - sains dan islam
Abdul Khaliq
 
Pembangunan insan
Pembangunan insanPembangunan insan
Pembangunan insan
abidin1961
 
sejarah stpm sem 2 - Sumbangan Khalifah Abu Bakar As-Siddiq
sejarah stpm sem 2 - Sumbangan Khalifah Abu Bakar As-Siddiqsejarah stpm sem 2 - Sumbangan Khalifah Abu Bakar As-Siddiq
sejarah stpm sem 2 - Sumbangan Khalifah Abu Bakar As-Siddiq
saadiah alidrus
 
Bab 2 : Tamadun Islam
Bab 2 : Tamadun IslamBab 2 : Tamadun Islam
Bab 2 : Tamadun Islam
wan arizwnb
 
Bab 2 ekonomi malaysia (ea tingkatan 5)
Bab 2 ekonomi malaysia (ea tingkatan 5)Bab 2 ekonomi malaysia (ea tingkatan 5)
Bab 2 ekonomi malaysia (ea tingkatan 5)
Hasanah Mohd Zain
 
LECTURE 2 : The Role of Technology in the Creation of Wealth
LECTURE 2 : The Role of Technology in the Creation of WealthLECTURE 2 : The Role of Technology in the Creation of Wealth
LECTURE 2 : The Role of Technology in the Creation of Wealth
BC Chew
 
Konsep Tamadun islam
Konsep Tamadun islamKonsep Tamadun islam
Konsep Tamadun islam
Amirul Ashraf Muhamad
 
Bab 3.1: Dasar dasar pembangunan negara
Bab 3.1: Dasar dasar pembangunan negaraBab 3.1: Dasar dasar pembangunan negara
Bab 3.1: Dasar dasar pembangunan negara
Hakim Zulkeply
 
Sumbangan Islam dalam bidang kejuruteraan
Sumbangan Islam dalam bidang kejuruteraanSumbangan Islam dalam bidang kejuruteraan
Sumbangan Islam dalam bidang kejuruteraan
Hamed Saharani
 
Nilai murni pemimpin
Nilai murni pemimpinNilai murni pemimpin
Nilai murni pemimpin
Zaidi Ismail
 
Hikayat Raja pasai
Hikayat Raja pasaiHikayat Raja pasai
Hikayat Raja pasai
Yana Dormad
 
Pendidikan Teknik & Vokasional
Pendidikan Teknik & VokasionalPendidikan Teknik & Vokasional
Pendidikan Teknik & Vokasional
NURUL NATASHA
 
Al Zahrawi - Bapa Pembedahan Moden
Al Zahrawi - Bapa Pembedahan Moden Al Zahrawi - Bapa Pembedahan Moden
Al Zahrawi - Bapa Pembedahan Moden
Mohd Nizam Mohd Zan
 

What's hot (20)

L10 Technology Selection.pptx
L10 Technology Selection.pptxL10 Technology Selection.pptx
L10 Technology Selection.pptx
 
Konsep pendidikan islam
Konsep pendidikan islamKonsep pendidikan islam
Konsep pendidikan islam
 
LECTURE 12: Technology Protection
LECTURE 12: Technology ProtectionLECTURE 12: Technology Protection
LECTURE 12: Technology Protection
 
Borang Soal Kaji Selidik,Pengetahuan Dan Penerimaan Mahasiswa Cina Terhadap C...
Borang Soal Kaji Selidik,Pengetahuan Dan Penerimaan Mahasiswa Cina Terhadap C...Borang Soal Kaji Selidik,Pengetahuan Dan Penerimaan Mahasiswa Cina Terhadap C...
Borang Soal Kaji Selidik,Pengetahuan Dan Penerimaan Mahasiswa Cina Terhadap C...
 
Hikayat hang tuah.
Hikayat hang tuah.Hikayat hang tuah.
Hikayat hang tuah.
 
UICI 2022 - sains dan islam
UICI 2022 - sains dan islamUICI 2022 - sains dan islam
UICI 2022 - sains dan islam
 
Sejarah kesatuan soviet
Sejarah kesatuan sovietSejarah kesatuan soviet
Sejarah kesatuan soviet
 
Pembangunan insan
Pembangunan insanPembangunan insan
Pembangunan insan
 
Pengertian tamadun
Pengertian tamadunPengertian tamadun
Pengertian tamadun
 
sejarah stpm sem 2 - Sumbangan Khalifah Abu Bakar As-Siddiq
sejarah stpm sem 2 - Sumbangan Khalifah Abu Bakar As-Siddiqsejarah stpm sem 2 - Sumbangan Khalifah Abu Bakar As-Siddiq
sejarah stpm sem 2 - Sumbangan Khalifah Abu Bakar As-Siddiq
 
Bab 2 : Tamadun Islam
Bab 2 : Tamadun IslamBab 2 : Tamadun Islam
Bab 2 : Tamadun Islam
 
Bab 2 ekonomi malaysia (ea tingkatan 5)
Bab 2 ekonomi malaysia (ea tingkatan 5)Bab 2 ekonomi malaysia (ea tingkatan 5)
Bab 2 ekonomi malaysia (ea tingkatan 5)
 
LECTURE 2 : The Role of Technology in the Creation of Wealth
LECTURE 2 : The Role of Technology in the Creation of WealthLECTURE 2 : The Role of Technology in the Creation of Wealth
LECTURE 2 : The Role of Technology in the Creation of Wealth
 
Konsep Tamadun islam
Konsep Tamadun islamKonsep Tamadun islam
Konsep Tamadun islam
 
Bab 3.1: Dasar dasar pembangunan negara
Bab 3.1: Dasar dasar pembangunan negaraBab 3.1: Dasar dasar pembangunan negara
Bab 3.1: Dasar dasar pembangunan negara
 
Sumbangan Islam dalam bidang kejuruteraan
Sumbangan Islam dalam bidang kejuruteraanSumbangan Islam dalam bidang kejuruteraan
Sumbangan Islam dalam bidang kejuruteraan
 
Nilai murni pemimpin
Nilai murni pemimpinNilai murni pemimpin
Nilai murni pemimpin
 
Hikayat Raja pasai
Hikayat Raja pasaiHikayat Raja pasai
Hikayat Raja pasai
 
Pendidikan Teknik & Vokasional
Pendidikan Teknik & VokasionalPendidikan Teknik & Vokasional
Pendidikan Teknik & Vokasional
 
Al Zahrawi - Bapa Pembedahan Moden
Al Zahrawi - Bapa Pembedahan Moden Al Zahrawi - Bapa Pembedahan Moden
Al Zahrawi - Bapa Pembedahan Moden
 

Similar to Industry4wrd.pptx

Global technology-hub-blueprint
Global technology-hub-blueprintGlobal technology-hub-blueprint
Global technology-hub-blueprint
Fahis B Abdul Karim
 
National Industry 4.0 Policy Framework
National Industry 4.0 Policy FrameworkNational Industry 4.0 Policy Framework
National Industry 4.0 Policy Framework
Dr. Mazlan Abbas
 
Dr.k.sivasakthivel
Dr.k.sivasakthivelDr.k.sivasakthivel
Dr.k.sivasakthivel
K Siva Sakthivel
 
Industry 4wrd - National Policy on Industry 4.0
Industry 4wrd - National Policy on Industry 4.0Industry 4wrd - National Policy on Industry 4.0
Industry 4wrd - National Policy on Industry 4.0
Dr. Mazlan Abbas
 
Industry 4wrd - FINAL Document
Industry 4wrd - FINAL DocumentIndustry 4wrd - FINAL Document
Industry 4wrd - FINAL Document
Dr. Mazlan Abbas
 
Synopsis format
Synopsis formatSynopsis format
Synopsis format
DieHardBiker
 
Synopsis format
Synopsis formatSynopsis format
Synopsis format
DieHardBiker
 
Msme indian eco
Msme indian ecoMsme indian eco
Msme indian eco
KowsarAli2
 
Big Data Analytics Talent Roundtable Discussion (Industry & Academia)
Big Data Analytics Talent Roundtable Discussion (Industry & Academia)Big Data Analytics Talent Roundtable Discussion (Industry & Academia)
Big Data Analytics Talent Roundtable Discussion (Industry & Academia)
Peter Kua
 
50320130403008
5032013040300850320130403008
50320130403008
IAEME Publication
 
TECH_READINESSv3.pdf
TECH_READINESSv3.pdfTECH_READINESSv3.pdf
TECH_READINESSv3.pdf
ssuser8f79d3
 
Digital Economy Malaysia
Digital Economy MalaysiaDigital Economy Malaysia
Digital Economy Malaysia
Ziaullah Mirza
 
Thailand Investment Review, October 2019
Thailand Investment Review, October 2019Thailand Investment Review, October 2019
Thailand Investment Review, October 2019
Thailand Board of Investment North America
 
Master Thesis in International Management
Master Thesis in International Management Master Thesis in International Management
Master Thesis in International Management
Mohammad Alhamamsheh
 
Empowering MSMEs - Skills Development of the MSME Sector - Part - 7
Empowering MSMEs - Skills Development of the MSME Sector - Part - 7Empowering MSMEs - Skills Development of the MSME Sector - Part - 7
Empowering MSMEs - Skills Development of the MSME Sector - Part - 7
Resurgent India
 
SME High Impact Program - Khuzairi Yahaya
SME High Impact Program - Khuzairi Yahaya SME High Impact Program - Khuzairi Yahaya
SME High Impact Program - Khuzairi Yahaya
Corporate Registers Forum
 
Spillover of technology and competitiveness
Spillover of technology and competitivenessSpillover of technology and competitiveness
Spillover of technology and competitiveness
M S Siddiqui
 
Smidec Presentation
Smidec PresentationSmidec Presentation
Smidec Presentation
FNian
 
Leveraging ICT for SMEs
Leveraging ICT for SMEsLeveraging ICT for SMEs
Leveraging ICT for SMEs
Confederation of Indian Industry
 
Ict skills 2
Ict skills 2Ict skills 2

Similar to Industry4wrd.pptx (20)

Global technology-hub-blueprint
Global technology-hub-blueprintGlobal technology-hub-blueprint
Global technology-hub-blueprint
 
National Industry 4.0 Policy Framework
National Industry 4.0 Policy FrameworkNational Industry 4.0 Policy Framework
National Industry 4.0 Policy Framework
 
Dr.k.sivasakthivel
Dr.k.sivasakthivelDr.k.sivasakthivel
Dr.k.sivasakthivel
 
Industry 4wrd - National Policy on Industry 4.0
Industry 4wrd - National Policy on Industry 4.0Industry 4wrd - National Policy on Industry 4.0
Industry 4wrd - National Policy on Industry 4.0
 
Industry 4wrd - FINAL Document
Industry 4wrd - FINAL DocumentIndustry 4wrd - FINAL Document
Industry 4wrd - FINAL Document
 
Synopsis format
Synopsis formatSynopsis format
Synopsis format
 
Synopsis format
Synopsis formatSynopsis format
Synopsis format
 
Msme indian eco
Msme indian ecoMsme indian eco
Msme indian eco
 
Big Data Analytics Talent Roundtable Discussion (Industry & Academia)
Big Data Analytics Talent Roundtable Discussion (Industry & Academia)Big Data Analytics Talent Roundtable Discussion (Industry & Academia)
Big Data Analytics Talent Roundtable Discussion (Industry & Academia)
 
50320130403008
5032013040300850320130403008
50320130403008
 
TECH_READINESSv3.pdf
TECH_READINESSv3.pdfTECH_READINESSv3.pdf
TECH_READINESSv3.pdf
 
Digital Economy Malaysia
Digital Economy MalaysiaDigital Economy Malaysia
Digital Economy Malaysia
 
Thailand Investment Review, October 2019
Thailand Investment Review, October 2019Thailand Investment Review, October 2019
Thailand Investment Review, October 2019
 
Master Thesis in International Management
Master Thesis in International Management Master Thesis in International Management
Master Thesis in International Management
 
Empowering MSMEs - Skills Development of the MSME Sector - Part - 7
Empowering MSMEs - Skills Development of the MSME Sector - Part - 7Empowering MSMEs - Skills Development of the MSME Sector - Part - 7
Empowering MSMEs - Skills Development of the MSME Sector - Part - 7
 
SME High Impact Program - Khuzairi Yahaya
SME High Impact Program - Khuzairi Yahaya SME High Impact Program - Khuzairi Yahaya
SME High Impact Program - Khuzairi Yahaya
 
Spillover of technology and competitiveness
Spillover of technology and competitivenessSpillover of technology and competitiveness
Spillover of technology and competitiveness
 
Smidec Presentation
Smidec PresentationSmidec Presentation
Smidec Presentation
 
Leveraging ICT for SMEs
Leveraging ICT for SMEsLeveraging ICT for SMEs
Leveraging ICT for SMEs
 
Ict skills 2
Ict skills 2Ict skills 2
Ict skills 2
 

More from BC Chew

Artificial Intelligence and The Sustainable Development Goals (SDGs) Adoption...
Artificial Intelligence and The Sustainable Development Goals (SDGs) Adoption...Artificial Intelligence and The Sustainable Development Goals (SDGs) Adoption...
Artificial Intelligence and The Sustainable Development Goals (SDGs) Adoption...
BC Chew
 
LECTURE 10: Technology Selection
LECTURE 10: Technology Selection LECTURE 10: Technology Selection
LECTURE 10: Technology Selection
BC Chew
 
LECTURE 9: Technology Identification
LECTURE 9: Technology Identification LECTURE 9: Technology Identification
LECTURE 9: Technology Identification
BC Chew
 
LECTURE 8: Technology Exploitation
LECTURE 8: Technology ExploitationLECTURE 8: Technology Exploitation
LECTURE 8: Technology Exploitation
BC Chew
 
LECTURE 7: TM activity: Technology Acquisition
LECTURE 7:  TM activity: Technology Acquisition LECTURE 7:  TM activity: Technology Acquisition
LECTURE 7: TM activity: Technology Acquisition
BC Chew
 
LECTURE 5: Technology Life Cycle
LECTURE 5: Technology Life CycleLECTURE 5: Technology Life Cycle
LECTURE 5: Technology Life Cycle
BC Chew
 
LECTURE 4: Business Strategy and Technology Strategy
LECTURE 4: Business Strategy and Technology StrategyLECTURE 4: Business Strategy and Technology Strategy
LECTURE 4: Business Strategy and Technology Strategy
BC Chew
 
LECTURE 3: Critical Factors in Managing Technology
LECTURE 3: Critical Factors in Managing TechnologyLECTURE 3: Critical Factors in Managing Technology
LECTURE 3: Critical Factors in Managing Technology
BC Chew
 
LECTURE 1: Management of Technology: An Overview
LECTURE 1: Management of Technology: An OverviewLECTURE 1: Management of Technology: An Overview
LECTURE 1: Management of Technology: An Overview
BC Chew
 
Expectation from Being a Postgraduate Student and Life Strategy as A Research...
Expectation from Being a Postgraduate Student and Life Strategy as A Research...Expectation from Being a Postgraduate Student and Life Strategy as A Research...
Expectation from Being a Postgraduate Student and Life Strategy as A Research...
BC Chew
 
EY Take 5.pdf
EY Take 5.pdfEY Take 5.pdf
EY Take 5.pdf
BC Chew
 
The Impact of COVID19 on Businesses.pptx
The Impact of COVID19 on Businesses.pptxThe Impact of COVID19 on Businesses.pptx
The Impact of COVID19 on Businesses.pptx
BC Chew
 
Common Research Methodology in Your Field.pptx
Common Research Methodology in Your Field.pptxCommon Research Methodology in Your Field.pptx
Common Research Methodology in Your Field.pptx
BC Chew
 
Literature Review
Literature ReviewLiterature Review
Literature Review
BC Chew
 
Technology Management: Technology Roadmapping
Technology Management: Technology RoadmappingTechnology Management: Technology Roadmapping
Technology Management: Technology Roadmapping
BC Chew
 
Common Research Methodology in Your Field (Business and Management Studies)
Common Research Methodology in Your Field (Business and Management Studies)Common Research Methodology in Your Field (Business and Management Studies)
Common Research Methodology in Your Field (Business and Management Studies)
BC Chew
 
Life Strategy as a Researcher (Soft Engineering)
Life Strategy as a Researcher (Soft Engineering)Life Strategy as a Researcher (Soft Engineering)
Life Strategy as a Researcher (Soft Engineering)
BC Chew
 
Talk for 360 Camera ITS
Talk for 360 Camera ITSTalk for 360 Camera ITS
Talk for 360 Camera ITS
BC Chew
 
Researcher and Research Student Enrichment Program (R2SEP)
Researcher and Research Student Enrichment Program (R2SEP)Researcher and Research Student Enrichment Program (R2SEP)
Researcher and Research Student Enrichment Program (R2SEP)
BC Chew
 
Teamwork in A Virtual Setting
Teamwork in A Virtual SettingTeamwork in A Virtual Setting
Teamwork in A Virtual Setting
BC Chew
 

More from BC Chew (20)

Artificial Intelligence and The Sustainable Development Goals (SDGs) Adoption...
Artificial Intelligence and The Sustainable Development Goals (SDGs) Adoption...Artificial Intelligence and The Sustainable Development Goals (SDGs) Adoption...
Artificial Intelligence and The Sustainable Development Goals (SDGs) Adoption...
 
LECTURE 10: Technology Selection
LECTURE 10: Technology Selection LECTURE 10: Technology Selection
LECTURE 10: Technology Selection
 
LECTURE 9: Technology Identification
LECTURE 9: Technology Identification LECTURE 9: Technology Identification
LECTURE 9: Technology Identification
 
LECTURE 8: Technology Exploitation
LECTURE 8: Technology ExploitationLECTURE 8: Technology Exploitation
LECTURE 8: Technology Exploitation
 
LECTURE 7: TM activity: Technology Acquisition
LECTURE 7:  TM activity: Technology Acquisition LECTURE 7:  TM activity: Technology Acquisition
LECTURE 7: TM activity: Technology Acquisition
 
LECTURE 5: Technology Life Cycle
LECTURE 5: Technology Life CycleLECTURE 5: Technology Life Cycle
LECTURE 5: Technology Life Cycle
 
LECTURE 4: Business Strategy and Technology Strategy
LECTURE 4: Business Strategy and Technology StrategyLECTURE 4: Business Strategy and Technology Strategy
LECTURE 4: Business Strategy and Technology Strategy
 
LECTURE 3: Critical Factors in Managing Technology
LECTURE 3: Critical Factors in Managing TechnologyLECTURE 3: Critical Factors in Managing Technology
LECTURE 3: Critical Factors in Managing Technology
 
LECTURE 1: Management of Technology: An Overview
LECTURE 1: Management of Technology: An OverviewLECTURE 1: Management of Technology: An Overview
LECTURE 1: Management of Technology: An Overview
 
Expectation from Being a Postgraduate Student and Life Strategy as A Research...
Expectation from Being a Postgraduate Student and Life Strategy as A Research...Expectation from Being a Postgraduate Student and Life Strategy as A Research...
Expectation from Being a Postgraduate Student and Life Strategy as A Research...
 
EY Take 5.pdf
EY Take 5.pdfEY Take 5.pdf
EY Take 5.pdf
 
The Impact of COVID19 on Businesses.pptx
The Impact of COVID19 on Businesses.pptxThe Impact of COVID19 on Businesses.pptx
The Impact of COVID19 on Businesses.pptx
 
Common Research Methodology in Your Field.pptx
Common Research Methodology in Your Field.pptxCommon Research Methodology in Your Field.pptx
Common Research Methodology in Your Field.pptx
 
Literature Review
Literature ReviewLiterature Review
Literature Review
 
Technology Management: Technology Roadmapping
Technology Management: Technology RoadmappingTechnology Management: Technology Roadmapping
Technology Management: Technology Roadmapping
 
Common Research Methodology in Your Field (Business and Management Studies)
Common Research Methodology in Your Field (Business and Management Studies)Common Research Methodology in Your Field (Business and Management Studies)
Common Research Methodology in Your Field (Business and Management Studies)
 
Life Strategy as a Researcher (Soft Engineering)
Life Strategy as a Researcher (Soft Engineering)Life Strategy as a Researcher (Soft Engineering)
Life Strategy as a Researcher (Soft Engineering)
 
Talk for 360 Camera ITS
Talk for 360 Camera ITSTalk for 360 Camera ITS
Talk for 360 Camera ITS
 
Researcher and Research Student Enrichment Program (R2SEP)
Researcher and Research Student Enrichment Program (R2SEP)Researcher and Research Student Enrichment Program (R2SEP)
Researcher and Research Student Enrichment Program (R2SEP)
 
Teamwork in A Virtual Setting
Teamwork in A Virtual SettingTeamwork in A Virtual Setting
Teamwork in A Virtual Setting
 

Recently uploaded

FINAL MATATAG Science CG 2023 Grades 3-10.pdf
FINAL MATATAG Science CG 2023 Grades 3-10.pdfFINAL MATATAG Science CG 2023 Grades 3-10.pdf
FINAL MATATAG Science CG 2023 Grades 3-10.pdf
maritescanete2
 
Open Source and AI - ByWater Closing Keynote Presentation.pdf
Open Source and AI - ByWater Closing Keynote Presentation.pdfOpen Source and AI - ByWater Closing Keynote Presentation.pdf
Open Source and AI - ByWater Closing Keynote Presentation.pdf
Jessica Zairo
 
Introduction to Banking System in India.ppt
Introduction to Banking System in India.pptIntroduction to Banking System in India.ppt
Introduction to Banking System in India.ppt
Dr. S. Bulomine Regi
 
RDBMS Lecture Notes Unit4 chapter12 VIEW
RDBMS Lecture Notes Unit4 chapter12 VIEWRDBMS Lecture Notes Unit4 chapter12 VIEW
RDBMS Lecture Notes Unit4 chapter12 VIEW
Murugan Solaiyappan
 
How To Sell Hamster Kombat Coin In Pre-market
How To Sell Hamster Kombat Coin In Pre-marketHow To Sell Hamster Kombat Coin In Pre-market
How To Sell Hamster Kombat Coin In Pre-market
Sikandar Ali
 
Dr. Nasir Mustafa CERTIFICATE OF APPRECIATION "NEUROANATOMY"
Dr. Nasir Mustafa CERTIFICATE OF APPRECIATION "NEUROANATOMY"Dr. Nasir Mustafa CERTIFICATE OF APPRECIATION "NEUROANATOMY"
Dr. Nasir Mustafa CERTIFICATE OF APPRECIATION "NEUROANATOMY"
Dr. Nasir Mustafa
 
SD_Integrating 21st Century Skills in Classroom-based Assessment.pptx
SD_Integrating 21st Century Skills in Classroom-based Assessment.pptxSD_Integrating 21st Century Skills in Classroom-based Assessment.pptx
SD_Integrating 21st Century Skills in Classroom-based Assessment.pptx
elwoodprias1
 
Lecture Notes Unit4 Chapter13 users , roles and privileges
Lecture Notes Unit4 Chapter13 users , roles and privilegesLecture Notes Unit4 Chapter13 users , roles and privileges
Lecture Notes Unit4 Chapter13 users , roles and privileges
Murugan146644
 
Mail Server Configuration Using App passwords in Odoo 17
Mail Server Configuration Using App passwords in Odoo 17Mail Server Configuration Using App passwords in Odoo 17
Mail Server Configuration Using App passwords in Odoo 17
Celine George
 
Benchmarking Sustainability: Neurosciences and AI Tech Research in Macau - Ke...
Benchmarking Sustainability: Neurosciences and AI Tech Research in Macau - Ke...Benchmarking Sustainability: Neurosciences and AI Tech Research in Macau - Ke...
Benchmarking Sustainability: Neurosciences and AI Tech Research in Macau - Ke...
Alvaro Barbosa
 
1. Importance_of_reducing_postharvest_loss.pptx
1. Importance_of_reducing_postharvest_loss.pptx1. Importance_of_reducing_postharvest_loss.pptx
1. Importance_of_reducing_postharvest_loss.pptx
UmeshTimilsina1
 
PRESS RELEASE - UNIVERSITY OF GHANA, JULY 16, 2024.pdf
PRESS RELEASE - UNIVERSITY OF GHANA, JULY 16, 2024.pdfPRESS RELEASE - UNIVERSITY OF GHANA, JULY 16, 2024.pdf
PRESS RELEASE - UNIVERSITY OF GHANA, JULY 16, 2024.pdf
nservice241
 
MathematicsGrade7-Presentation-July-12024.pptx
MathematicsGrade7-Presentation-July-12024.pptxMathematicsGrade7-Presentation-July-12024.pptx
MathematicsGrade7-Presentation-July-12024.pptx
nolicaliso1
 
V2-NLC-Certificate-of-Completion_Learner.docx
V2-NLC-Certificate-of-Completion_Learner.docxV2-NLC-Certificate-of-Completion_Learner.docx
V2-NLC-Certificate-of-Completion_Learner.docx
302491
 
Dot NET Interview Questions PDF By ScholarHat
Dot NET Interview Questions PDF By ScholarHatDot NET Interview Questions PDF By ScholarHat
Dot NET Interview Questions PDF By ScholarHat
Scholarhat
 
SQL Server Interview Questions PDF By ScholarHat
SQL Server Interview Questions PDF By ScholarHatSQL Server Interview Questions PDF By ScholarHat
SQL Server Interview Questions PDF By ScholarHat
Scholarhat
 
MVC Interview Questions PDF By ScholarHat
MVC Interview Questions PDF By ScholarHatMVC Interview Questions PDF By ScholarHat
MVC Interview Questions PDF By ScholarHat
Scholarhat
 
QCE – Unpacking the syllabus Implications for Senior School practices and ass...
QCE – Unpacking the syllabus Implications for Senior School practices and ass...QCE – Unpacking the syllabus Implications for Senior School practices and ass...
QCE – Unpacking the syllabus Implications for Senior School practices and ass...
mansk2
 
JavaScript Interview Questions PDF By ScholarHat
JavaScript Interview  Questions PDF By ScholarHatJavaScript Interview  Questions PDF By ScholarHat
JavaScript Interview Questions PDF By ScholarHat
Scholarhat
 
Java MCQ Questions and Answers PDF By ScholarHat
Java MCQ Questions and Answers PDF By ScholarHatJava MCQ Questions and Answers PDF By ScholarHat
Java MCQ Questions and Answers PDF By ScholarHat
Scholarhat
 

Recently uploaded (20)

FINAL MATATAG Science CG 2023 Grades 3-10.pdf
FINAL MATATAG Science CG 2023 Grades 3-10.pdfFINAL MATATAG Science CG 2023 Grades 3-10.pdf
FINAL MATATAG Science CG 2023 Grades 3-10.pdf
 
Open Source and AI - ByWater Closing Keynote Presentation.pdf
Open Source and AI - ByWater Closing Keynote Presentation.pdfOpen Source and AI - ByWater Closing Keynote Presentation.pdf
Open Source and AI - ByWater Closing Keynote Presentation.pdf
 
Introduction to Banking System in India.ppt
Introduction to Banking System in India.pptIntroduction to Banking System in India.ppt
Introduction to Banking System in India.ppt
 
RDBMS Lecture Notes Unit4 chapter12 VIEW
RDBMS Lecture Notes Unit4 chapter12 VIEWRDBMS Lecture Notes Unit4 chapter12 VIEW
RDBMS Lecture Notes Unit4 chapter12 VIEW
 
How To Sell Hamster Kombat Coin In Pre-market
How To Sell Hamster Kombat Coin In Pre-marketHow To Sell Hamster Kombat Coin In Pre-market
How To Sell Hamster Kombat Coin In Pre-market
 
Dr. Nasir Mustafa CERTIFICATE OF APPRECIATION "NEUROANATOMY"
Dr. Nasir Mustafa CERTIFICATE OF APPRECIATION "NEUROANATOMY"Dr. Nasir Mustafa CERTIFICATE OF APPRECIATION "NEUROANATOMY"
Dr. Nasir Mustafa CERTIFICATE OF APPRECIATION "NEUROANATOMY"
 
SD_Integrating 21st Century Skills in Classroom-based Assessment.pptx
SD_Integrating 21st Century Skills in Classroom-based Assessment.pptxSD_Integrating 21st Century Skills in Classroom-based Assessment.pptx
SD_Integrating 21st Century Skills in Classroom-based Assessment.pptx
 
Lecture Notes Unit4 Chapter13 users , roles and privileges
Lecture Notes Unit4 Chapter13 users , roles and privilegesLecture Notes Unit4 Chapter13 users , roles and privileges
Lecture Notes Unit4 Chapter13 users , roles and privileges
 
Mail Server Configuration Using App passwords in Odoo 17
Mail Server Configuration Using App passwords in Odoo 17Mail Server Configuration Using App passwords in Odoo 17
Mail Server Configuration Using App passwords in Odoo 17
 
Benchmarking Sustainability: Neurosciences and AI Tech Research in Macau - Ke...
Benchmarking Sustainability: Neurosciences and AI Tech Research in Macau - Ke...Benchmarking Sustainability: Neurosciences and AI Tech Research in Macau - Ke...
Benchmarking Sustainability: Neurosciences and AI Tech Research in Macau - Ke...
 
1. Importance_of_reducing_postharvest_loss.pptx
1. Importance_of_reducing_postharvest_loss.pptx1. Importance_of_reducing_postharvest_loss.pptx
1. Importance_of_reducing_postharvest_loss.pptx
 
PRESS RELEASE - UNIVERSITY OF GHANA, JULY 16, 2024.pdf
PRESS RELEASE - UNIVERSITY OF GHANA, JULY 16, 2024.pdfPRESS RELEASE - UNIVERSITY OF GHANA, JULY 16, 2024.pdf
PRESS RELEASE - UNIVERSITY OF GHANA, JULY 16, 2024.pdf
 
MathematicsGrade7-Presentation-July-12024.pptx
MathematicsGrade7-Presentation-July-12024.pptxMathematicsGrade7-Presentation-July-12024.pptx
MathematicsGrade7-Presentation-July-12024.pptx
 
V2-NLC-Certificate-of-Completion_Learner.docx
V2-NLC-Certificate-of-Completion_Learner.docxV2-NLC-Certificate-of-Completion_Learner.docx
V2-NLC-Certificate-of-Completion_Learner.docx
 
Dot NET Interview Questions PDF By ScholarHat
Dot NET Interview Questions PDF By ScholarHatDot NET Interview Questions PDF By ScholarHat
Dot NET Interview Questions PDF By ScholarHat
 
SQL Server Interview Questions PDF By ScholarHat
SQL Server Interview Questions PDF By ScholarHatSQL Server Interview Questions PDF By ScholarHat
SQL Server Interview Questions PDF By ScholarHat
 
MVC Interview Questions PDF By ScholarHat
MVC Interview Questions PDF By ScholarHatMVC Interview Questions PDF By ScholarHat
MVC Interview Questions PDF By ScholarHat
 
QCE – Unpacking the syllabus Implications for Senior School practices and ass...
QCE – Unpacking the syllabus Implications for Senior School practices and ass...QCE – Unpacking the syllabus Implications for Senior School practices and ass...
QCE – Unpacking the syllabus Implications for Senior School practices and ass...
 
JavaScript Interview Questions PDF By ScholarHat
JavaScript Interview  Questions PDF By ScholarHatJavaScript Interview  Questions PDF By ScholarHat
JavaScript Interview Questions PDF By ScholarHat
 
Java MCQ Questions and Answers PDF By ScholarHat
Java MCQ Questions and Answers PDF By ScholarHatJava MCQ Questions and Answers PDF By ScholarHat
Java MCQ Questions and Answers PDF By ScholarHat
 

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