In the forum’s panel titled “Understanding and Accelerating the Fourth Industrial Revolution,” the panellists stress that if Malaysia does not embrace and hasten their progress into IR4.0 – an industrial revolution marked by automation, data exchange, Internet of Things, cloud computing and artificial intelligence – they run the risk of falling behind their neighbours.

“If we do not step up to the game, you will find that we will not have just fallen behind China, but many of our neighbours like Thailand and Vietnam, who are rapidly catching up to us,” says Dr Ong Kian Ming, Deputy Minister of International and Trade Industry (MITI), who was one of the panellists.

“Our relevance in the world is at stake, and this is something that we need to get right.”

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