MIRI, September 7: Former Minister of Trade and Industry Tan Sri Rafidah Aziz believes the Internet of Things (IoT) can help drive Malaysia to achieve Industry 4.0 goals.
“All existing business processes need to be redefined and integrated,” she advised at the launching of the Institute of Marketing Malaysia Student Chapter (IMMSC) of Curtin Malaysia here today.
“All products would belong to a digital chain, and the integration of the complete product lifecycle with the value chain would be the cornerstone of digital chains,” she said.
She added that it would entail the integration of existing IT solutions and innovative business processes to generate, collect, filter and analyse data from different sources.
“Industry 4.0 is the new big thing and IoT can be embedded everywhere. Everything will become smarter and connected and drive cyber physical integration. Anything that happens with the machine, you can stimulate in real time; you can get real-time data for your businesses to drive production efficiency.
“We must be able to change from the old methods to the new one,” she stressed.
More than 200 Curtin’s students and staffers attended the launching ceremony.
Amongst those present were former Sarawak Deputy Chief Minister and Curtin Malaysia Pro-Chancellor Datuk Patinggi Tan Sri Dr George Chan Hong Nam, his wife, Datuk Lorna Enan Muloon, and Curtin Malaysia Pro Vice–Chancellor, President and Chief Executive Professor Jim Mienczakowski, Acting Dean of the Faculty of Business Associate Professor Pauline Ho and IMM president Dato Sharifah Mohd Ismail.
Rafidah told those present that the global economy was shifting towards the digital environment as quickly as never before.
Hence, she stressed the importance of innovation and creativity to move forward while embracing IoT.
In his speech, Dr Chan lauded the establishment of the IMMSC as it provided an avenue for students to be closer and be exposed to industry and the real working world.
He added that such experiences would encourage them to gain the necessary knowledge, skills and mindset to excel in their chosen careers. — DayakDaily