Entrepreneurs in the Small and Medium Enterprises (SMEs) sector have to build knowledge-based manpower to meet the challenges of the Fourth Industrial Revolution (4IR), SME Foundation Chairperson Professor Md Masudur Rahman said on Thursday.
He also said that the use of information and communication technology or ICT should be increased in small and medium industries.
SME Foundation Managing Director Md Mofizur Rahman presided over the webinar, while SME Foundation General Manager Farzana Khan gave a welcome address at the function.
SME Foundation Deputy Manager Engineer Tanvir Faisal presented the keynote address at the webinar. A2i Md Habibur Rahman, Chairman of the Department of Robotics and Mechatronics Engineering of Dhaka University Dr Shamim Ahmed Deowan and Professor of Mechanical Engineering at Chittagong University of Engineering and Technology Sajal Chandra Banik attended the webinar as panelist.
Dr Md Mofizur Rahman said that there is no alternative to using ICT for taking advantage of the opportunities of the 4th industrial revolution.
Business opportunities would not be confined to a specific geographical location being fourth industrial revolution intellectual, according to the webinar.
Business and trade opportunities will be created by increasing the productivity of goods and services using raw materials, human resources, time and ensuring quality of life for all including environmental protection. Employment opportunities will be increased by making backward, marginalised, especially able, and women skilled in various technologies including internet. With the discovery of the technology, the cost of production and distribution of goods and services will be reduced at an unimaginable rate, because machines will help people.
About 70 SME entrepreneurs from different parts of the country connected to the webinar.