ISSN: 2222-6990
Open access
For the past recent years, the fourth industrial revolution or famously known as Industry 4.0 has gained a large degree of intellectual interest. The usage of Internet augmented tremendously. Business models have been revolutionized and transformed accordingly, adding values to be commercialized. Industry 4.0 is a modern age of revolution in which businesses embrace innovative technology and digital transformation to improve productivity and competitive advantage to sustain in dynamic business landscape. Digital technology strengthens market environment by providing incomparable prospects for growth, employment and innovation. However, small and medium-sized enterprises (SMEs hereafter) in Malaysia faced several challenges in embracing the technology innovation offered by Industry 4.0. Growing evidence have shown that SMEs in Malaysia are not accustomed with enormous features of Industry 4.0 such as cloud computing, Artificial Intelligent, Internet of Things (IoT) and Big Data. Hence, this paper presents list of responsive mechanisms and coherent policies taken by Malaysian government and various authorities in addressing such challenges. Among the mechanisms and policies structured include provide funding and incentive, ecosystem support, training, coordinate standards and digital integration, build infrastructure and regulate the governance. This paper buttresses a notion that a proactive government is important for the march of better future.
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In-Text Citation: (Muhamad et al., 2021)
To Cite this Article: Muhamad, M. Q. B., Mohamad, S. J. A. N. S., & Nor, N. M. (2021). When Digital Intelligence Taking Over: Mechanisms in Addressing SMEs Readiness on Industry 4.0 in Malaysia. International Journal of Academic Research in Business and Social Sciences, 11(1), 543–551.
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