Is Malaysia Ready for Industry 4.0?
Impact, Challenges, and Opportunities of the Digital Revolution for Manufacturing, Healthcare, and Logistics in Malaysia
The fourth industrial revolution is well underway. Businesses have begun to embrace smart factories by integrating technologies such as Cloud computing, Big Data, and The Internet of Things, among others, to automate their production line and move their internal processes online. In this paper, Solidiance seeks to answer the impacts of Industry 4.0 by conducting a survey of more than 200 companies across selected industries in Malaysia. The study focuses on three main areas – Manufacturing, Logistics and Healthcare – to assess the opportunities, challenges, and readiness of each sector in anticipation for Industry 4.0. The main question a middle-income economy like Malaysia must face today is: Are we ready for Industry 4.0?
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