Fri10202017

LAST_UPDATEFri, 27 Oct 2017 9am

Entrepreneurs Need To Embrace Industry 4.0 - Ahmad

Filepic: BernamaFilepic: BernamaPUTRAJAYA: Entrepreneurs need to think about the future of their business in line with the fourth industrial revolution (Industry 4.0), Deputy International Trade and Industry Minister Datuk Ahmad Maslan said.

He said this would ensure that they would not lag behind on the global stage in the midst of technological evolution.

Citing Alibaba.com, one of the world’s largest e-commerce platforms he said it is one of the current and future model of businesses that would keep growing.

“The present technology will become obsolete. Imagine the technologies that will emerge during the National Transformation 2050, that's what I hope our entrepreneurs will do.

"Think of Industry 4.0 businesses such as smart home, smart office, smart factory, smart logistics, internet of things (IoT) and big data analytics," he said when delivering a keynote address at the [email protected] (PERSU) 2017, here today.

More than 100 small and medium enterprise (SME) entrepreneurs are taking part part in the [email protected] Programme which is organised by the Faculty of Economics and Management, Universiti Kebangsan Malaysia (UKM) since 2011.

The three-month programme, which is aimed at enriching the knowledge of SME entrepreneurs, is also being conducted at nine other universities nationwide in collaboration with SME Corp and Pembangunan Sumber Manusia Bhd.

Ahmad also called on the SME entrepreneurs attending the inaugural PERSU gala dinner to build a networking in order to expand their business.

-BERNAMA