February 26, 2024

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MDEC launches #DigitalvsCovid campaign

The Malaysia Digital Economy Corporation (MDEC) recently launched the #DigitalvsCovid campaign, which rallies local tech and digital companies to extend their services and create incentives for those affected by the nationwide Movement Control Order (MCO).

So far, 80 local tech-centric companies have joined the campaign and are offering a multitude of solutions and services on a pro-bono basis to help businesses and consumers through the challenges resulting from the MCO.

Whether it is an attractive discount or strategic collaborations, the companies expressed sincere interests to help buffer the impact of the MCO at large.

Paying it forward

While large corporations have contingency plans to minimize the impact of Covid-19, many SMEs and micro-enterprises may not be able to tide through this global pandemic. One way forward is through automation and digitalization.

The CEO of MDEC stated that the agency is proud to announce that 80 tech companies are waiting to render their services and MDEC urges entrepreneurs from all industries to leverage on these offerings.

Many SMEs are experiencing interrupted supply-chain movement, delays in business processes that require paperwork, limited tools to engage their stakeholders, constraints in conducting non-cash transactions, as well as challenges in managing a high-volume workforce.

Nonetheless, MDEC is confident that its Global Acceleration And Innovation Network (GAIN) companies can offer relief to SMEs by resolving some of these difficulties.

Digital solutions during the lockdown

On 16 March 2020, Malaysia’s Prime Minister officially promulgated the Movement Control Order. The MCO has been implemented as a preventive measure of the federal government of Malaysia towards the 2019–20 coronavirus pandemic (COVID-19).

During this time, firms are being encouraged to make their daily operations digital.

Malaysian businesses are struggling to enable their staff to work from home during the Covid-19 movement control order, discovering that remote working goes beyond having a laptop and a broadband connection.

Cloud services providers are struggling to meet a flood of interest and demand. Referrals have jumped as software providers such as Microsoft and Google are inundated by inquiries, consultants note.

Experts’ advice for small and medium-sized businesses is to take advantage of free offers and trials from software providers and vendors.

Malaysia’s ICT spending to reach US$25 billion in 2023

Despite the challenges raised as a result of the Covid-19 outbreak, the information and communication technology (ICT) market in Malaysia is set to grow at a compound annual growth rate (CAGR) of 8.9% between 2019 and 2023.

This growth from 2018 US$16.5 billion to US$25.2 billion in 2023, will mainly be supported by the rising adoption of ‘client computing’ and ‘cloud computing’, according to a leading data and analytics company.

One firm forecasted that ‘mobility’, ‘cloud computing’, ‘data analytics’, ‘storage’ and ‘business process outsourcing’ will be the five leading IT solution areas in terms of growth rate. Mobility is set to witness the highest CAGR of 21% during the forecast period.

It was noted that the Malaysian government’s initiative to create a hub for innovative producers and users of multimedia technology with Mandatory Standard for Access Pricing (MSAP) is paving the way for the availability of affordable high-speed Internet services and the emergence of a mature telecommunications infrastructure in the country.

As a result, Malaysia is set to witness a relatively high broadband penetration as compared to other peer Asian countries.

It was noted that the Malaysian information communication technology (ICT) market boasts of strong fundamental government policy, high-tech focused national development and availability of skilled workers, which has further contributed to the growth of the industry in the country.

Additionally, the high levels of digital adoption and internet penetration will continue to drive the ICT market in Malaysia.

With this on the horizon, it is no wonder that MDEC and government agencies are racing to resume normal economic activity.

The Malaysia Digital Economy Corporation (MDEC) recently launched the #DigitalvsCovid campaign, which rallies local tech and digital companies to extend their services and create incentives for those affected by the nationwide Movement Control Order (MCO).

So far, 80 local tech-centric companies have joined the campaign and are offering a multitude of solutions and services on a pro-bono basis to help businesses and consumers through the challenges resulting from the MCO.

Whether it is an attractive discount or strategic collaborations, the companies expressed sincere interests to help buffer the impact of the MCO at large.

Paying it forward

While large corporations have contingency plans to minimize the impact of Covid-19, many SMEs and micro-enterprises may not be able to tide through this global pandemic. One way forward is through automation and digitalization.

The CEO of MDEC stated that the agency is proud to announce that 80 tech companies are waiting to render their services and MDEC urges entrepreneurs from all industries to leverage on these offerings.

Many SMEs are experiencing interrupted supply-chain movement, delays in business processes that require paperwork, limited tools to engage their stakeholders, constraints in conducting non-cash transactions, as well as challenges in managing a high-volume workforce.

Nonetheless, MDEC is confident that its Global Acceleration And Innovation Network (GAIN) companies can offer relief to SMEs by resolving some of these difficulties.

Digital solutions during the lockdown

On 16 March 2020, Malaysia’s Prime Minister officially promulgated the Movement Control Order. The MCO has been implemented as a preventive measure of the federal government of Malaysia towards the 2019–20 coronavirus pandemic (COVID-19).

During this time, firms are being encouraged to make their daily operations digital.

Malaysian businesses are struggling to enable their staff to work from home during the Covid-19 movement control order, discovering that remote working goes beyond having a laptop and a broadband connection.

Cloud services providers are struggling to meet a flood of interest and demand. Referrals have jumped as software providers such as Microsoft and Google are inundated by inquiries, consultants note.

Experts’ advice for small and medium-sized businesses is to take advantage of free offers and trials from software providers and vendors.

Malaysia’s ICT spending to reach US$25 billion in 2023

Despite the challenges raised as a result of the Covid-19 outbreak, the information and communication technology (ICT) market in Malaysia is set to grow at a compound annual growth rate (CAGR) of 8.9% between 2019 and 2023.

This growth from 2018 US$16.5 billion to US$25.2 billion in 2023, will mainly be supported by the rising adoption of ‘client computing’ and ‘cloud computing’, according to a leading data and analytics company.

One firm forecasted that ‘mobility’, ‘cloud computing’, ‘data analytics’, ‘storage’ and ‘business process outsourcing’ will be the five leading IT solution areas in terms of growth rate. Mobility is set to witness the highest CAGR of 21% during the forecast period.

It was noted that the Malaysian government’s initiative to create a hub for innovative producers and users of multimedia technology with Mandatory Standard for Access Pricing (MSAP) is paving the way for the availability of affordable high-speed Internet services and the emergence of a mature telecommunications infrastructure in the country.

As a result, Malaysia is set to witness a relatively high broadband penetration as compared to other peer Asian countries.

It was noted that the Malaysian information communication technology (ICT) market boasts of strong fundamental government policy, high-tech focused national development and availability of skilled workers, which has further contributed to the growth of the industry in the country.

Additionally, the high levels of digital adoption and internet penetration will continue to drive the ICT market in Malaysia.

With this on the horizon, it is no wonder that MDEC and government agencies are racing to resume normal economic activity.

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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