PENANG, 13 November 2018 – In support of “Industry4WRD”, Malaysia’s Industry 4.0 blueprint that aims to make Malaysia a prime destination for high-tech industries, the Center of Applied Data Science (CADS) signed a ground-breaking Memorandum of Understanding (MOU) with Penang Skills Development Centre (PSDC) this morning.
CADS aims to make the world more self-sustainable through technology, insights and intelligence as ASEAN’s first and only comprehensive data science training institution, where learning, networking and professional growth is integrated. As part of its collaboration with CADS, PSDC will be developing the first Artificial Intelligence (A.I.) Workforce Analytics platform that will drive skills development A.I. within the Northern Region.
The MOU was signed between Sharala Axryd, Founder and Chief Executive Officer of CADS, and Muhammad Ali Hajah Mydin, Chief Executive Officer of PSDC. The signing of the MOU, which was witnessed by YAB Tuan Chow Kon Yeow, Penang Chief Minister, also involves other data science- related initiatives to make Penang a Data-Driven State.
Sharala Axryd said, “The MOU signed today puts in place the necessary foundation required to drive the entire eco-system in the Northern Region towards achieving the country’s goals vis-a-vis Industry 4.0.”
“Our role in this collaboration will be to utilise and strengthen the A.I. Talent Framework that we have developed in order to better facilitate the move towards A.I. adoption. At the same time, CADS, with the support of PSDC, is able to assist organisations and industries to embrace data science and analytics in order to future-proof businesses and operating models through the use of our A.I. Workforce Analytics platform.”
The MOU was signed during Industry 4.0 Week, a conference organised annually by PSDC to drive market adoption of automation and data exchange in manufacturing technologies for manufacturers, suppliers, vendors, system integrators and consumers. This year’s theme, ‘Start Small, Win Big’ focuses on success stories of local industries and SMEs, while addressing major concerns of the SMEs as they embrace technologies and solutions in relation with the industry evolution.
Muhammad Ali Hajah Mydin said, “We are excited to be working with CADS in bringing together technology companies and service providers to work on state-of-the-art solutions that can address major problems as well as identify areas of opportunity.”
PSDC’s efforts also are a showcase of the Government’s commitment to support the transition and migration to Industry 4.0, now Industry4WRD as announced in Budget 2019. Clever public private partnerships like our collaboration with CADS will be critical to the Northern Region, so as to maintain its position as the centre of gravity for technology-oriented companies the world over,” he concluded.
With the MOU in place, CADS and PSDC will contribute towards strengthening the innovation capacity and capability of the country; proven by the improved ranking of Malaysia as part of the top 30 of the world’s most innovative economies by the Global Innovation Index. Additionally, the implementation of the MOU will contribute to the increase in high-skilled workers, especially within the manufacturing sector, in line with the Government’s target to reach 35% of high-skilled workers in Malaysia, as opposed to only 18% currently.
Sharala added, “As part of the industry, there is a need for us to create an environment for our human talent to reach their potential. Only by embracing this new digital economy and encouraging entrepreneurship along with innovation and creativity will we be able to experience a strong and dynamic economic growth.”
About The Center of Applied Data Science (CADS)
Established in October 2015, The Center of Applied Data Science was set up to respond to the critical need for real world qualified data scientists and data professionals in the face of digital disruption. Its aim is to nurture a new generation of Data Professionals who can meet and exceed the needs of today’s data disrupted world through an accelerated and rigorous program of best-of-class mentorship that will solve real business challenges within organisations, as well as real-world situations outside. The Center of Applied Data Science partnered with The Data Incubator, New York, US to bring ASEAN’s first Data Science accelerator program to transform the brightest science and engineering talents in South East Asia into qualified, top-notch quality data scientists. Further information about The Center of Applied Data Science is available at www.thecads.org.
This Press Release was published on the following sites;
- Digital News Asia – CADS and PSDC To Elevate Expertise In AI