Malaysia’s technological hub, Cyberview Sdn Bhd. has released a commentary on the National Budget 2019 that covered the Industry 4.0 and Malaysia as a Technology Hub.
“We are delighted that the 2019 budget announcement focuses on reinstating Malaysia’s economic position as ‘Harimau Asia’ through strategic initiatives and allocations that contribute to cultivating the country’s entrepreneurial culture and ensuring the well-being of Malaysians alike.
“It is encouraging to hear the government’s recognition for an improved collaborative ecosystem for a sustainable and dynamic digital economy.
“At Cyberview, our mandate to transform Cyberjaya and its communities into an innovation-based economic hub is similarly based on an ecosystem built on collaborative innovation, that is necessary in leading the best solutions and practices in the industry,” said Cyberview Sdn Bhd managing director, Mohd Najib Ibrahim.
“We welcome the government’s plans to unleash the power of a new economy in Malaysia through the National Policy on Industry 4.0 (Industry4WRD) and fund allocations to accelerate the growth of the manufacturing industry.
“We are also thrilled with the allocation of RM3 billion on the Industry Digitalisation Transformation Fund through the Malaysian Development Bank (BPMP) that can make a big difference to the development of robotics and AI in the country.
“Cyberview recognises the potential of Industry 4.0 in Malaysia, which is why we encourage startups from the robotics and AI fields, especially those at the precipice of commercialisation, to participate in our Cyberview Living Lab Accelerator programme,” he said.
“It is no secret that robotics is a focal area of technology for innovation leaders in the manufacturing industry. In fact, the global industrial robotics space is estimated at USD25.6 billion in 2013 and expected to reach a whopping USD40 billion by 2020.
“The pursuit to greater economic productivity requires startups and entrepreneurs to develop valuable, futuristic products and solutions through disruptive technology enablers.
“It also requires converging innovators from all walks of life to deliver strategic creation and commercialisation of IPs and in line with this goal, we will be launching our Futurise Centre in early 2019, aimed at helping startups and entrepreneurs to future-proof industries, reinvent business models and rethink solution innovation” he added.
“The Digital Economy continues to be a key driver of growth, it hinges on several key imperatives, including conducive ecosystems and a holistic infrastructure.
“We are confident that the allocation of RM1 billion to the National Fibre Connectivity Plan to develop the country's broadband infrastructure, will allow for higher adoption of disruptive technologies among businesses in Cyberjaya as well as the rest of the country.
“Cyberjaya’s rise as a model smart city is in line with the nation’s goal of growing the country’s digital economy,” commented Mohd Najib when touching on Malaysia as a global technology hub.
“We believe that these strategic efforts and fund allocations by the government will support our initiatives at Cyberview in increasing Cyberjaya’s operational efficiency, improving the quality of life for the people of the city and contributing to Malaysia’s economy,” he concluded.