Malaysia 5.0 for SMEs — Rais Hussin | Malay Mail

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Malaysia 5.0 for SMEs — Rais Hussin | Malay Mail
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JUNE 22 — “Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime.” SME’s, more than any other business segment, are in for a big digital transformation —- whether they like it or not — and therefore an essential participant in “Malaysia...

JUNE 22 — “Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime.”

It stems from the term “Society 5.0” which describes the next stage of the evolution of societal communities, following the hunting society , agricultural society , industrial society , and information society . Digital transformation from e-commerce solutions, training and education, and integration onto common platforms, will improve lifestyles and enable independence for those that implement them proactively.

Malaysia 5.0, properly implemented, can directly address their inclusion, access, performance and growth through 4IR tools such as Fintech, Blockchain and AI. Digitalisation offers new opportunities for SMEs to participate in the global economy, innovate and grow.

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