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OpenGov Asia is pleased to bring an exclusive OpenGov Breakfast Insight that aims to provide the latest information on how the public sector and financial institutions are using advanced AI and machine learning, to drive organisation mission outcomes. This is a closed-door, invitation-only, interactive session with Malaysia’s public sector technology leaders.
The Malaysian government, led by Prime Minister Datuk Seri Ismail Sabri Yaakob, who also chairs the Digital Economy and Fourth Industrial Revolution (4IR) Council, is strongly advocating for more catalytic projects to complement the country’s goal of becoming a regional leader in the digital economy by 2030.
The Malaysian government’s interest in artificial intelligence (AI) to accelerate smart cities, digital finance, and smart communities is gaining traction and reflects a broader trend. From the perspective of financial institutions, a majority of financial services firms have already deployed AI, albeit primarily in risk management and revenue generation.
The emphasis on digital enhancement, particularly in government and financial institutions, is aimed at establishing stronger digital capabilities using 5G technology, which will be a reality in the future.
The recently announced national 4IR policy highlights the proposed smart city framework. The digitalisation of society and the economy is seen as critical to accelerating Malaysia’s smart digital economy goals, as envisaged by Malaysia’s Smart City Framework under the 12th Malaysia Plan 2021-2025, of which MyDIGITAL is a component.
According to the Malaysia Digital Blueprint, approximately 66% of internet users use mobile banking, with over 144 e-payment transactions per capita (2019), resulting in RM 16 billion eCommerce market value in Malaysia. It is clear that strengthening government and financial institutions to provide more secure digital services to the people is critical.
To assist governments and financial institutions in achieving their smart digital economy goals, the risk and security of digital transactions can be managed and monitored using a combination of data engineering, machine learning, and decision intelligence. When used correctly, AI will be able to improve security, forecast future needs, and assist governments and financial institutions in achieving high levels of trust.
Grant intelligence analysis a speed boost and manage risk
Workloads can be made more efficient by leveraging advanced surveillance capabilities, such as targeting via AI-enabled geospatial analysis. Skilled analysts can spend more time understanding the most actionable data, events and insights that will drive decision-making with AI-augmented intelligence. This information will help governments and financial institutions to manage risk effectively.
Effective Analysis, interpretation and insight delivery enabled by AI
An intelligence community ensures that its teams can use artificial intelligence effectively and efficiently. This will bridge the gap between data collection and decision-making by improving the ability of decision-makers to interpret data.
Detect and defend against cybersecurity threats
Government and financial institutions can quickly analyse massive amounts of network and open-source data to identify advanced persistent threats, predict the presence of malware on the system, identify network threats and contribute to the enhancement of cyber defences to protect the security of intelligence systems and networks.
Ensure transparency to maintain trust in analysis and decision criteria
AI technology is as transparent as possible, allowing intelligence community algorithm or model owners access to the AI’s underlying decision-making processes. Each rule contains a condition to be checked at prediction time and an action to be performed if the condition is met. AI provides agencies with real-time analysis and protection for predictions generated by any of the deployed models, making them more trustworthy.
OpenGov Asia is pleased to bring an exclusive OpenGov Breakfast Insight that aims to provide the latest information on how the public sector and financial institutions are using advanced AI and machine learning, to drive organisation mission outcomes. This is a closed-door, invitation-only, interactive session with Malaysia’s public sector technology leaders.
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This event was very informative and relevant as to what the agency I’m working with planning to do with Cloud computing since we haven’t own one. Therefore, this simple yet fun session is very helpful in showing us the flow as to what the next step to be taken and what to be taken into consideration to migrate to Cloud computing
Southeast Asia Regional Centre for Counter Terrorism (SEARCCT)
A good approach of program. From the question asked by the speaker, it opened up my mind to start to plan for a Cloud computing and how we want to go forward
Ministry of Housing and Local Government (Malaysia)
Great discussion forum. Giving chance for everyone to speak their mind seamlessly
Clinical Research Centre (CRC)
© 2024 OpenGov Asia – CIO Network Pte Ltd.
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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.
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.
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.
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.
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.
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