At present, the country is undergoing change, and as usual some of these changes are anticipated while some are not. Those who are able to anticipate and best react to the disruptions caused by changes will be winners instead of losers…. And I am talking about change brought upon disruptive technology and the phenomenon known as Industry 4.0. That is why we here in MIGHT encourage industry and business organisations to be more future prepared, looking at the horizon anticipating and adapting to changes.
Due in part to the expansion of global internet access and a reduction in the costs of digital technologies, the world is becoming an increasingly digitally connected space. It is estimated that, by 2017, the Internet will reach an excess of 4 billion users worldwide.
Over the past few years,the digital industry has been incrementally shifting toward the creation of an interconnected Internet of Things (IoT). IoT describes a web of wirelessly connected sensors and receivers that are able to communicate directly with not only humans, but also with any number of other devices. In broad term, IoT encompasses a wide array of devices ranging from wearable consumer fitness trackers to fully integrated power grids.
The 8 Technology Values serve as a reference for stakeholders, Government, academia, industry and public who involve directly or indirectly in R&D and innovation related activities. The values were based on research conducted by myForesight on a number of technology trends that will shape the future. This booklet will provide a brief of each technology values, factors that drive the values also knowns as Drivers of Change, its implications towards businesses and examples of how the values have manifested in products and services.
Green growth for sustainability and resilience is also outlined in the Eleventh Malaysia Plan 2016-2020, which describes the need to increase the rate of renewable energy adoption and encourages low carbon mobility and an integrated approach to waste management.
With the development of its ocean thermal energy resource, Malaysia’s dependency on imported coal from a limited range of countries could be reduced, and thus, its national security would not be subject to needless geopolitical risks.
In 20 to 30 years, machine intelligence will kill most middleclass jobs, as well as the broad prosperity that has characterized advanced economies since the 1950s.