NATIONAL agendas such as the Shared Prosperity Vision 2030 and the Ministry of International Trade and Industry’s (Miti) National Policy on Industry 4.0 (Industry4WRD) are emphasising the use of emerging technologies to fast-track industry transformation in order to spur economic growth.
National applied research and development (R&D) centre Mimos Bhd has its eye set on changing the rules of the game in driving industry transformation through digital technology. The centre, which employs just below 800 talents, has filed more than 1,200 patents over the years, with around one quarter already commercialised.
Feedback from industry and trade associations have always stressed that to accelerate small and medium enterprise (SME) investment in digital transformation, technology adoption has to produce return on investment (ROI) between three to six months.
Mimos has certainly taken that to heart. Having significant experience in researching and developing patent-backed digital products and solutions for domestic industry take-up and government usage, it is now going full throttle to encourage SMEs and start-ups alike to adopt local technology.