February 23, 2024

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MDEC partners telecom to foster digital economy

Image Credits: Digital News Asia, News Article

The Malaysia Digital Economy Corporation (MDEC) is collaborating with a communications service provider in Malaysia to promote corporate innovation among businesses in Malaysia, from start-ups or large corporations, to stimulate the ecosystem and spur the country’s digital economy.

The partnership was formalised with both parties signing a Memorandum of Understanding detailing the framework for its cooperation. Through the year-long collaboration, the parties will jointly develop mentorships and programmes to provide coaching to start-ups and corporates embarking on their digital transformation journeys.

Additionally, both parties will facilitate events and engagements that will foster a conducive environment for networking and collaboration between start-ups as well as larger corporations to generate business leads for the industry and accelerate corporate innovation.

The Chief Executive Officer of the leading converged solutions provider in Malaysia stated that, in this challenging and increasingly competitive business environment, the company firmly believes that innovation will be a key success factor in re-evaluating business models and digital transformation strategies.

Their collaboration with MDEC is, therefore, an important one as it allows the firm to collectively provide the right tools, support, and resources, to bring together the best of technologies to help businesses to always be ahead in a changing world. The parties will further explore and co-create initiatives to fuel corporate innovation in Malaysia.

Meanwhile, MDEC’s CEO lauded the firm’s proactive stance in supporting organisations to take the digital leap and heighten their readiness for IR4.0. She further encouraged Malaysia-based MNCs to join the effort to build the nation’s digital ecosystem and support local digitally-empowered businesses to grow globally.

The company possess market knowledge, resources, established networks, and the validation that all businesses aspire to attain; tech start-ups possess the agility and novel ideas that corporations value, she said. MDEC aims to harness these complementary strengths to both advance the nation’s digital agenda and foster the creation of local deep-tech solutions that could shape the way the most pressing global issues are solved.

As the first of their joint initiatives, the two parties will be launching a digital Design Thinking workshop for MDEC’s corporate partners in October 2020. The two-week workshop aims to promote the use of Design Thinking as a methodology to deeply understand problem statements of companies and challenge assumptions in an attempt to solve them creatively and innovatively.

According to another article, MDEC and Malaysia’s leading communications provider have a new history of innovative partnerships. The two have been collaborating on several fronts since 2019, with a shared goal of accelerating the digitalisation of the businesses in Malaysia in line with the Government’s digital economy agenda.

Some of the telecom’s key initiatives include the ecosystem development of IoT in May 2019, which saw the launching of the firm’s immensely popular IoT Challenge and the launch of its second installation on 4 September.

MDEC was also a key partner for the firm’s Market Access Day, the largest pitching session that provided a platform for 100 start-ups to showcase their ideas to approximately 70 of Malaysia’s leading corporates, venture capitalists and angel investors, for business matching and networking opportunities.

Recently, the firm was identified as a Technology Solutions Provider by MDEC for the SME Digitalisation Grant under Budget 2020, which enabled Maxis to offer the widest range of connectivity and digital solutions to help SMEs achieve their digitalisation aspirations.

Meanwhile, through its flagship community programme, eKelas, the company is currently working with MDEC to repurpose the latter’s STEM content and develop learning videos for eKelas students. Concurrently, it is supporting MDEC’s various initiatives under its #mydigitalmaker movement via content sharing and capacity building in Computer Science.

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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