Why HRD Corp launch focus area for industry 4.0

Adapting to Rapid Technological Changes

The term “Industry 4.0” refers to the most recent iteration of the industrial revolution and places particular emphasis on “smart factories,” “connected machines,” and “intelligent manufacturing.” HRD Corp’s mission is to prepare the Malaysian labour force for the inevitable transition to automation and data exchange. This objective acknowledges the global transition towards automation and data exchange.

International Competitiveness Improvement

For Malaysia to be internationally competitive, particularly in the manufacturing and technology sectors, the country must implement the most recent industrial innovations. The emphasis on Industry 4.0 is consistent with the national objective of establishing Malaysia as a formidable competitor on the international market.

Preserving a Sound Economy

The emphasis placed on Industry 4.0 by HRD Corporation is also intended to promote economic sustainability. Malaysia can transition from a labor-intensive to a knowledge-based economy by enhancing and retraining its workforce in emergent technologies such as the Internet of Things (IoT), artificial intelligence (AI), and big data. This would enable Malaysia to attract investments with a greater rate of return.

Durability of the Job Market

Many people believe that the emergence of automation and data analytics poses a threat to traditional occupations. Emphasising Industry 4.0 will ensure that employees are trained in new skill sets, making the labour market more resistant to technological disruption.

Increasing Innovative Efforts

Automation is an essential component of Industry 4.0, but so is creativity. Malaysia has the potential to become an innovation hub, fostering the development of new businesses and R&D endeavours, thanks to its educated and Industry 4.0-capable labour force.

Utilisation of the Data

Data is the foundation of the Industry 4.0 movement. The mission of HRD Corporation is to enable businesses to utilise data analytics more effectively for the purpose of enhancing decision-making processes. This is of the utmost significance in industries such as healthcare, retail, and logistics, among others, where data-driven insights can significantly improve outcomes.

Observance of Procedures of the National Government

Industry 4.0 is precisely aligned with a variety of national policies aimed at economic development, the adoption of technological advances, and the upskilling of labour forces. The 12th Malaysia Plan and the National Policy on Industry 4.0 (IndustryFWRD) are examples of such policies.

Offering Compensation for Training

Businesses are incentivized to invest in training programmes, resulting in a quicker adoption of new technologies and practises across a variety of industries. This is made possible by the availability of Industry 4.0-focused HRD Corp claimable courses.