The minister added that enhancing R&D will also increase economic complexity.
“In R&D, process innovation is equally as important as product innovation and critical to boosting productivity,” he said in the speech.
In Malaysia, over eight in 10 knowledge workers are now using AI, according to the 2024 Work Trend Index. Its widespread utilisation comes following warnings from former Human Resources Minister V. Sivakumar over the need to retrain 50% of Malaysia’s workforce to prevent significant labour disruption.
