PETALING JAYA: It is key for local small and medium enterprises (SMEs) to invest some capital to scale up to the Fourth Industrial Revolution (IR4.0) capabilities, or else they risk being phased out of existence eventually. Moving into IR4.0 would entail an upfront capital cost, but then this would be balanced out by lower labour
Digital transformation and modern manufacturing are constantly evolving amid global uncertainty and changing customer needs. Many business leaders are recognizing the value of Industry 4.0 technologies and how they can revolutionize their operations. In fact, according to Gartner,74% of manufacturersthat believe smart manufacturing will increase competitiveness are redesigning their manufacturing organizations. Smart factories are clearly
The first moving assembly line was installed by Henry Ford in 1913, which shortened the building time of a car from 12 hours to less than 2 and transformed mass production. This was a game-changing innovation that raised manufacturing standards and left the world marveling at Ford’s success. But another thing that Ford did was
KUALA LUMPUR: The Malaysian economy is facing the challenge of a rapidly changing industrial landscape due to the emergence of Industry 4.0. Industry 4.0, also known as the Fourth Industrial Revolution (IR4.0 or 4IR), calls for a shift in how industries operate, focusing on increased automation and data exchange in manufacturing technologies. This changing industrial
KUALA LUMPUR: Deputy Trade and Industry Minister Liew Chin Tong made an official visit to the Malaysia Productivity Corporation (MPC) today, marking a new chapter in efforts to implement the national productivity improvement initiative. In a statement, MPC said the discussion focused, among others, on the agency’s role in realising the transformation of the industry
Malaysia is always at the forefront of digitalization and is continuing its pioneering role with the recently launched Malaysia Digital initiative — aimed at driving rapid digital adoption throughout the economy, especially among key industries.
* As China pursues high-quality development, the global manufacturing powerhouse expects to cultivate an upgraded manufacturing sector geared with advanced technologies to boost productivity and drive economic growth. * The country’s scale of smart manufacturing equipment is close to 3 trillion yuan (about 420 billion U.S. dollars), with the number of system solution providers reaching
Launched by Abu Dhabi Department of Economic Development (ADDED), the index is aimed at guiding and facilitating private sector players to transition to Industry 4.0 Read more at: https://yourstory.com/ys-gulf/abu-dhabi-smart-manufacturing-index-industry-4-0-economic-development
PETALING JAYA: Electronic manufacturing services provider EG Industries Bhd expects its RM180 million Smart Factory 4.0 in Penang to potentially create more than 1,000 high-value jobs for the local community upon its commencement in 2024. Upon targeted completion of the Batu Kawan facility in 2024, EG Industries’ total built-up area of its production, warehousing and
