期刊名称：International Journal of Academic Research in Business and Social Sciences
电子版ISSN：2222-6990
出版年度：2021
卷号：11
期号：1
页码：543-551
DOI：10.6007/IJARBSS/v11-i1/8335
语种：English
出版社：Human Resource Management Academic Research Society
摘要：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.
