Is Malaysia Ready for the Fourth Industrial Revolution?-Reference-Cited by-同舟云学术

Is Malaysia Ready for the Fourth Industrial Revolution?

Published:2018 Issue: Volume: Page:41-64
ISSN:2327-3275
Container-title:Advances in Business Information Systems and Analytics
language:
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Author:

Maavak Mathew¹,Ariffin Aini Suzana¹

Affiliation:

1. Universiti Teknologi Malaysia (UTM), Malaysia

Abstract

Malaysia intends to ride on the crest of the coming i.4.0 wave. According to the 2016 GE Global Innovation Barometer study, a significant number of Malaysian executives felt positive about embracing i4.0 vis-a-vis their global peers. On the surface, Malaysia appears ready for its own i4.0 revolution. According to the WEF's Networked Readiness Index on digital readiness, Malaysia was ranked 6th in terms of having the most tech-savvy government in the world. The automotive sector is ideally suited to kickstart the i4.0 revolution as it was traditionally regarded as the “industry of industries” – particularly due to its traditional role in spearheading wider, cross-sectoral industrialisation. However, Malaysia is not yet ready to embrace the 4th Industrial Revolution. This chapter discusses the obstacles, challenges, and opportunities facing i4.0 uptake in the Malaysian automotive industry. It ends by recommending a unique pathway for i4.0 adoption in the sector.

Publisher

IGI Global

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