July 26, 2017
CCI France-Malaysia was pleased to co-organize in collaboration with the EU Malaysia Chamber of Commerce & Industry, a VIP Luncheon with the Minister of International Trade and Industry. CCIFM members gather with other members of EU Bilaterals, in the presence of the new French Ambassador H.E Frederic Laplanche.
YB Dato’ Sri Mustapa Mohamed engaged the crowd with the current position of Malaysia, focusing on the Industry 4.0. Coined in 2012 by the German government, Industry 4.0 covers the integration of robotics and computers in manufacturing, to take advantage of technological and communications advances. The shift promises pure transparency in daily operations, but with a reduction in human dependency.
Malaysian industries are inevitably being transformed by the Fourth Industrial Revolution driven by the digital revolution and the Internet of Things in line with the current global modernization. YB Dato’ Sri Mustapa Mohamed emphasized that it is important for Malaysia remains competitive in the global arena, and how his ministry is encouraging and promoting the adoption of the latest technology through Industry 4.0.
How would Industry 4.0 affect the way we work ? As indicated in an interview Malaysian Employers Federation, executive director, Datuk Shamsuddin Bardan said “In 2015, more than 18,000 employees were retrenched in the banking sector because banks adopted technologies which could replace the job of man.”
The arrival of “Industry 4.0” may mean that students today may not have jobs in the fields for which they are studying, or may lack skills and knowledge necessary for areas where there will be jobs growth, he explained. While promising from a business standpoint, could result in an upheaval of society where unskilled labour may find itself obsolete.
The impact of industry 4.0 will be impending as we enter in these new era and it’s crucial for companies to be prepared.