possess too much power and influence, with potentially unintended negative consequences for violation of user privacy. In this recent case, US regulators, the US Federal Trade Commission (FTC) has approved to fine Facebook USD5 billion for data breaches. The social network landed in hot water last year amid allegations its shared users’ personal information with Cambridge Analytica. Facebook is not the first charged with violation of user privacy or more accurately misuse of data, there are several cases involving giant corporations like Uber (e-hailing company), AT&T (U.S. telecommunications company) and Morgan Stanley (investment bank). In view of such high- profile cases as mentioned earlier, governments around the world are taking precaution by introducing regulations to protect public interest while enabling businesses to thrive. One such government is the Government of the UK where it has introduced a White Paper regulating the 4th Industrial Revolution there. The white paper sets out the UK plan to maintain their world-leading regulatory system in this period of rapid technological change. The purpose of the regulatory system is to support and stimulate new products, services and business models, with greater space for experimentation. The Government of the UK will uphold safeguards for people and
the environment and engage the public in how innovation is regulated.
In line with the international movement towards Industry 4.0, Malaysia initiated its own version of policy titled Industry 4WRD: National Policy on Industry 4.0. It envisions Malaysia as a strategic partner for smart manufacturing and related services in the Asia Pacific region, a primary destination for high technology industry and a total solutions provider in advanced technology. Recognising that most manufacturing firms in Malaysia are Small and Medium Enterprises (SMEs) with common shortcomings like lower levels of collaboration in research, limited access to high performing graduates and insufficient capital to invest in strategic planning, the Government has crafted transformational strategies to address the mentioned shortcomings as demonstrated by the diagram below. The agility and specialisation of SMEs will be critical in achieving the 8-year vision for themanufacturing sector. Those strategies need to be in place to ensure solutions are accessible and effective for SMEs, and that the research community and larger businesses are more incentivised to collaborate with SMEs.
Industry 4WRD - The Strategies (Technology)
TECHNOLOGY Access to Smart Technologies & Standards
STRATEGY T1 Establish digital/technology labs and collaborative platforms, especially public-private partnerships (PPPs), to create awareness and understanding, foster the adoption of new technologies, and facilitate the transfer of knowledge
STRATEGY T2 Establish and implement standards for interoperability, quality and safety for smart manufacturing and Industry 4.0 technologies
STRATEGY T3 Intensify Research, Innovation, Commercialisation and Entrepreneurship (RICE) programmes and activities in specific Industry 4.0 technologies and processes that support and advance priority sectors
Source: MITI’s Industry 4WRD Report, 2018
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Malaysian Technology Strategic Outlook 2019/2020 Intergration of High Technology
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