The government is directing its attention towards Industry 4.0 via its ICT framework – the Industry 4.0 policy Industry4WRD, robotics, analytics and artificial intelligence (AI) as enablers of the country’s future economy.
Malaysia’s digital and tech talents will be provided with customised training for life-long learning in today’s rapidly evolving digital economy, especially suited to their needs.
To help MDEC drive the NESR further, their industry partner has also been holding events with MDEC to actively bring more Malaysian businesses onboard eCommerce and the DFTZ.
New studio will provide art, animation services to a Japanese multinational electronics conglomerate corporation’s global exclusive game titles, creating more opportunities for the local and regional games industry.
As the interest in IR4.0 tech increases, it is imperative that companies in Asia proactively help their employees understand the value of automation and AI as a part of the workplace and integrate it effectively.
Malaysia’s scene for drone-related industries has seen an extensive growth throughout the years, hence MDEC aims to encourage industry players to participate in R&D activities by building the nation’s first Deregulated Drone Testing Zone in Cyberjaya.
A virtual banking framework will be ready for public consultation by the end of this year and applications will be open by the first half of 2020. The new budget also suggests that the government is receptive towards alternative financings like Equity Crowdfunding (ECF) and P2P Financing.