It is very likely that businesses that are more receptive to Industry 4.0 technologies, have the ability speed up their recovery from Covid-19 implications. Miti is among three main players to lead Industry 4.0 initiatives. The hybrid RA model was introduced to gauge the readiness of Malaysian companies to adopt Industry 4.0. Industry 4.0 is the future for businesses moving forward. Upon completion of the RA, SMEs are encouraged to apply for the Industry4WRD intervention fund from the Malaysian Investment Development Authority (MIDA).

Source: The Star July 31, 2020 01:41 UTC