MIDA and CREST Ink MoU With Dassault Systèmes To Build Malaysia’s SME Industry 4.0 Readiness
- MoU to drive Malaysian SME Industry 4.0 readiness
- MoU aims to enhance adoption of cloud-based collaboration for SMEs
- Partnership to help Malaysian enterprises gain access to global marketplaces
Kuala Lumpur, 6 December 2022 – The Malaysian Investment Development Authority (MIDA) and Collaborative Research in Engineering and Science and Technology Centre (CREST) inked a Memorandum of Understanding (MoU) with Dassault Systèmes Singapore Pte. Ltd today. The partnership aims to create a steering committee to discuss the scope, requirements, roles and plans in supporting Malaysia’s small and medium-sized enterprises (SMEs) in their transformation journey to Industry 4.0 as well as enhancing cloud-based collaboration through adopting world-class Enterprise Resource Planning (ERP) solutions.
Datuk Wira Arham Abdul Rahman, CEO of MIDA, expressed, “This timely initiative aims to elevate our local SMEs, and equip them with the latest technology to enhance their business efficiency through adopting world-class Enterprise Resource Planning (ERP) solutions. We take great pride in MIDA’s involvement in this initiative to empower Malaysian firms and SMEs to fortify their technical capabilities and embrace modern technology, thus enabling them to progress and flourish. This day marks the momentous occasion of the Government’s drive to propel industry players, especially domestic players and SMEs, to embrace the new technology and realise its potential by taking on the technological solutions of ERP.”
The ERP solutions will leverage on Dassault Systèmes’ virtual twin technologies via its 3DEXPERIENCE platform, specifically in its computer-aided design software and Product Lifecycle Management (PLM) solutions, which are used in various industries including manufacturing, engineering and life sciences.
Mr. Jaffri Ibrahim, CEO of CREST, said, “The MoU aims to provide a platform that allows Malaysian businesses to thrive in a competitive business environment, post-pandemic. We constantly seek opportunities to collaborate with the Malaysian Government, industry leaders and academia to advance scientific knowledge in the country. In turn, we aim to strengthen homegrown innovation and research while we help local businesses navigate their challenges and opportunities in the new normal.”
“At Dassault Systèmes, we have worked with many successful businesses across the globe to build connected ecosystems that allow them to tap on data to create actionable insights and be competitive and efficient in the digital economy. With enhanced connectivity, Malaysian SMEs can benefit from data-driven decision making, build closer relationships with customers and partners, and continuously improve their operations and processes as they compete in the global business arena,” said Josephine Ong, Managing Director, Asia Pacific South, Dassault Systèmes.
As the manufacturing sector is undergoing a significant transformation with a push to adopt and adapt value-added processes and digitalisation, this partnership will tap on the collective expertise of the parties to help local businesses via a three-pronged approach, namely enabling Industry 4.0 readiness, providing access to the global marketplace and adopting true cloud-based collaboration. The intent is to develop a programme to enhance the efficiency and operations of SMEs in Malaysia with the state-of-the-art Enterprise Resource Planning (ERP) solutions, aimed at integrating business processes and applications.
MIDA is the Government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Starting operations in 1967 with a relatively small set up of 37 staff, MIDA has grown to become a strong and dynamic organisation of over 700 employees. Headquartered in Kuala Lumpur Sentral, MIDA today has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram and Facebook, LinkedIn, TikTok and YouTube channel.
CREST (Collaborative Research in Engineering, Science and Technology) is a catalyst and change agent that drives the growth of Malaysia’s Electrical & Electronics (E&E) industry through market-driven research and talent development. While CREST is industry led, its member representation is the triple helix of Government, Industry and Academia. CREST focuses on creating a vibrant Research, Development and Commercialisation (R&D&C) ecosystem by promoting collaboration between the Industry and Academia, with support from variousGovernment organizations. Since its incorporation in 2012, CREST has to date 110 registered members and has supported over 165 R&D projects between industry and academia. For more information, please visit www.crest.my
About Dassault Systèmes Singapore Pte. Ltd
Dassault Systèmes, the 3DEXPERIENCE Company, is a catalyst for human progress. We provide business and people with collaborative 3D virtual environments to imagine sustainable innovations. By creating virtual twin experiences of the real world with our 3DEXPERIENCE platform and applications, our customers push the boundaries of innovation, learning and production to achieve a more sustainable world for patients, citizens, and consumers. Dassault Systèmes brings value to more than 300,000 customers of all sizes, in all industries, in more than 140 countries. For more information, visit www.3ds.com
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