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Malaysia to Pursue Digital Enhancement to Attract Fortune 500 Companies

Digital Enhancement in Malaysia to Attract Fortune 500 Companies

Malaysia is looking to develop its infrastructure in a bid to drive the country’s digital transformation.

This attempt is expected to significantly attract more Fortune 500 firms as digital and technology are the key elements to future quality investment. Digital enhancement in Malaysia to attract Fortune 500 companies is going on.

Malaysia’s position in the industrialisation field has been a positive sign to foreign companies as an attractive destination for investment.

According to the World Bank Doing Business 2019 Report, Malaysia increased its place to the 15th position from the 24th position last year.

The low cost to establish a company and hiring employees encouraged these potential investors to choose Malaysia.

5G technology will be an added advantage and Malaysia has made a heavy investment of RM21.6 million for the five-year National Fiberisation and Connectivity Plan. This technology will allow quality high-speed connectivity throughout the country, particularly the rural areas in Sabah and Sarawak.

Additional initiatives have been implemented by Malaysia in advancing the nation’s digital and technology infrastructure and necessary facilities to attract foreign investors.

Training is seen as one of the most important initiatives of Malaysia’s digital talent development strategy.

Efforts include training students to make them industry 4.0 ready. In addition, upskilling and reskilling existing employees will further bolster the Malaysian digital workforce.

A tech-savvy workforce will attract more global companies to set up operations and recruit existing talent locally. The hope is that Malaysia’s digital and tech professionals will become the very best within the global digital industry.

About 50% of the Malaysian business owners are aware of the importance to invest and pursue digital skills. They place these skills as the main priority which 78% of their business plans are on digital skills investment.

With this being said, the leading companies in Malaysia are making conscious decisions to push towards digital upskilling to increase optimum productivity.

However, the SME sector has been facing challenges. Limited digital knowledge in the sector has lead to minimal adoption of technology causing SMEs to remain stagnant and uncompetitive.

In an effort to get support such SMEs and help them embrace technology, several government interventions are being implemented.

Recently, the Ministry of Entrepreneur Development (MED) and the Malaysian Technology Development Corporation (MTDC) agreed to collaborate.

SMEs’ adaptation to Industry 4.0 technology will increase their capabilities to face market challenges in both local and international markets, the MED Secretary-General stated.

It is important that SMEs respond to these changes by improving traditionally manual processes to gain speed, efficiency, and productivity – all important features of an advanced, adaptive and highly capable business.

Malaysia is placing a heavy emphasis on educating the local business professionals with adequate innovative strategies to be integrated with their business plans.

This is essential for Malaysia to catch up in the digital race and minimise the gap with other Southeast Asia countries.

By recognising technology as the game-changer in the current digital landscape, it is possible for Malaysia to attain its ambitions of being a frontrunner in the region.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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