Question

Discuss on how the Industry 4.0 is able to sustain the economic activities for services sector during the period of the movement of control order (MCO) imposed by the Malaysian government resulted from the Covid-19 outbreak?

Answer 1

Industry 4.0 is all about the transformation of conventional manufacturing and industrial active / practises combined with the latest smart technology like IoT, artificial intelligence robotics, machine learning etc.

As covid 19 affected countries all over the world, which results in economic lockdown in countries Which hampered the countries most as production activities hampered and global economy entered into recession. This was resulted in various job losses globally . In such s time it necessary for government to help people through various mean in the form of cash transfer ,health ,food security etc. But government revenue is limited and expenditures is unlimited correponding to such situation ,but economy is not working because of lockdown. In such a time industry 4.0 can play vary important role .through industry 4.0 production can't hampered and government can earn revenue and help people with ease and also helpful for government to follow social distance mesaure. This revenue generated from industry 4.0 can boost demand in the economy and prevent Economy of Malesiya as well as other in upcoming future from enter into recession.

During such pandemic social distancing matter each and every bit in every field and sector of economy like health ,industry , service, online service ,e-commerce transportation ,logistics manufacturing etc. And in such a time industrial 4.0 actor can play very important role with limited human resources use.

So in such a time of movement of control order sustainability of industry 4.0 is very high as they are most useful in service sector . But it requires very skills workforce as well which is a challenge.

But it necessary for service sector to use this industry with carefully as it requires very high skilll and also technically not that familiar to us. Job losses occurred due to use of this industry can create problem for people as it may be reflect as threat in upcoming future. That why people in service as well as other sector are hesitate towards this which is another challenge In it's sustainability.

For sustainability of this industry it's necessary to use balance approach between human capital as well as industry 4.0 for it's sustainability as it future of upcoming world.