AmBank pioneers IR4.0 initiative for SMEs

“We truly believe that IR4.0 is the way forward for businesses in Malaysia as it improves productivity by providing real time data for quick decision making. This results in an increase in revenue and profitability for businesses, ” said AmBank Group business banking managing director Christopher Yap.(file pic)

THE Covid-19 pandemic and the subsequent MCOs rendered many manufacturers inoperable, resulting in a staggered closure in their business.

Just four months into the pandemic, it was reported by the Department of Statistics Malaysia that Malaysia’s manufacturing sales dropped by 33% from RM113.1bil in April 2019 to RM75.8bil in April 2020 – proving that the manufacturing sector was being hampered by both the surge in Covid-19 cases and the Government’s movement restrictions to contain the outbreak.