SMEs still not ready for fourth industrial revolution

TheStar Fri, Apr 05, 2019 08:10am - 5 years View Original


Deputy International Trade and Industry Minister Dr Ong Kian Ming(pic) said many CEOs do not even know where to begin when the IR4.0 topic pops up.

Deputy International Trade and Industry Minister Dr Ong Kian Ming(pic) said many CEOs do not even know where to begin when the IR4.0 topic pops up.

KUALA LUMPUR: Small and medium-sized enterprises (SMEs) in Malaysia are not quite ready for the fourth industrial revolution (IR4.0), which could spell trouble as the world advances further.

Out of some 50,000 SMEs in the country, only 300 have signed up for the evaluation for the selection process for a complimentary readiness assessment (RA) by the International Trade and Industry Ministry (Miti).

   

Miti has a budget of RM15mil to conduct the RA for 500 qualified SMEs.

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