Malaysian Manufacturers Are Early Adopters Of AI-enabled IoT

According to data and analytics company GlobalData, Malaysian manufacturers are embracing Industry 4.0 with the integration of digital and physical technologies. According to the Department of Statistics Malaysia (DOSM), manufacturing sector employed more than one million people in 2016. Malaysia External Trade Development Corporation (MATRADE) and DOSM report that the sector accounts for over 80% of all exports and 23% of GDP. However, manufacturers are under pressure and face significant challenges.

 

GlobalData report that industry, on the supply side, is seeing an increase in global commodity prices and diversification from traditional low-cost production markets. On the demand side, average order value is falling, the demand for customization is increasing and margins by and large are under pressure. 

Sponsored by Digi-Key

TE Connectivity Horticultural Lighting Solutions Available Now from Digi-Key

TE connector, relay and filter solutions can help create a fine maze network of power-cabling to the lights needed for vertical farming. Their solutions are interchangeable, easy-to-install, and will last for years in variable humidity environments.

 

Industry 4.0 introduces what is referred to as ‘smart factory’ in which cyber physical systems monitor real time physical progress of the factory and can make decentralized decisions. This is being driven by many breakthrough technologies such as autonomous robots, big data analytics, cloud computing, Internet of Things (IoT), additive manufacturing (3D Printing), system integration, cybersecurity, augmented reality and simulation. For more details, visit GlobalData.

Suggested Articles

PCB layout may seem pretty easy, but doing it well takes a different skill set than design

According to a new study by Fact.MR, the MEMS sensor market will grow at a compound annual growth rate of 9% through 2027, reaching $50 billion.

RaayonNova founder and CEO Aleksandr Shtukater is developing advanced contact lens technology that can potentially replace smartphones and tablets.