February 23, 2024

We are creating some awesome events for you. Kindly bear with us.

MDEC launches SME Digital Guidebook

Malaysia Digital Economy Malaysia (MDEC) has launched the SME Digital Guidebook and Quick Guide for the Food & Beverages (F&B) and retail industry.

As part of MDEC’s 100 Go Digital initiative, the goal of the Small and Medium-sized Enterprises (SMEs) Digital Guidebook is to help SMEs in the retail and F&B sector to reassess their digital opportunities and readiness via a step-by-step guide on how to enhance their current digital capabilities and begin their digital transformation journey.

The CEO of MDEC stated that digital technologies are massively transforming every sector. While this poses a tremendous number of challenges for SMEs, particularly traditional businesses, it also creates a wave of new opportunities. Malaysia may have scored high on digital readiness rankings, but digital adoption by SMEs and traditional businesses are often hindered by – among others – lack of awareness, readiness, know-how, and appreciation of the benefits of digitalisation; as well as the oft-misperceived high cost of implementing new technologies.

The agency has thus developed these essential guidebooks to assist businesses and SMEs to accelerate their digital adoption in a structured, easy-to-follow method. This will enable and empower businesses with the necessary skills and knowledge, ensuring resiliency and agility against the COVID-19 malaise, setting Malaysia on course towards economic recovery.

The SME Digital Guidebooks serves as the first point of reference for SMEs interested to embark on digital adoption. Beyond providing a guide for SMEs to kickstart their journey, the guidebook also lists down the latest trends that will impact SMEs, lay down the importance of digitalisation, and also direct SMEs to available initiatives within Malaysia that SMEs could leverage on.

The Guidebooks are targeted towards small and mid-tiered businesses, especially traditional businesses looking to embark on their digital journey. Businesses looking to enhance or improve their businesses via digital means will also find the Guidebooks as a useful repository of ideas and suggestions.

Currently, the SME Digital Guidebooks are focused on the retail and F&B industry and comes in two reference guides for each sector. The SME Digital Quick Guide is an easy-to-read document for quick reference, providing a high-level view for businesses.

The SME Digital Guidebook, on the other hand, is a full document that will take a more structured approach in mapping digital needs, technologies, business goals and best practices to guide SMEs in elevating their digital capabilities.

The SME Digital Guidebook is co-developed with a multinational market research firm which provided analysis of the market and technology insights.

As a ‘digital first’ entity is no longer a choice but has risen to be a focal point for many SMEs to operate in current market conditions and to thrive beyond 2021. The pandemic has permanently changed the manner consumers and businesses operate – and the profound impact of this change has resonated across all sectors of the economy; with retail and F&B segments being severely disrupted.

The Managing Director the Malaysian arm of a multinational market research firm stated that to accelerate in a Digital Economy, it is crucial for SMEs to leverage upon available platforms and to transition their traditional base to one that is digitally-led. The launch of MDEC’s SME Digital Guidebooks for the Retail and F&B sector helps provide the first steps for SMEs, as well as the know-how, to navigate these challenges, and to set them on the right path towards digitalisation.

The SME Digital Guidebook and Quick Guide can be accessed and downloaded on the website. The SME Digital Guidebook was launched during Malaysia Tech Month 2021 (MTM’21), a virtual and month-long curation of digital and technology events geared not only towards showcasing Malaysia as a hub of digital investments but to also enlighten businesses with topics, solutions and tools that can aid them in their digital transformation.

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.

Send this to a friend