February 21, 2024

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

SME Corp. Malaysia and tech firm issue research on accelerating digitalisation

According to a recent press release, SME Corp. Malaysia and the Malaysian arm of a Chinese multinational telecommunications equipment and consumer electronics company have released a whitepaper on the current state of digitalisation in Malaysian SME sector in an effort to promote digitalisation among SMEs.

Entitled, “Accelerating Malaysian Digital SMEs: Escaping the Computerisation Trap”, the Whitepaper highlights challenges being faced by SMEs in order to be completely ‘digitalised’.

It also proposes way forward to help SMEs cross the ‘digitalisation chasm’ and to uncover their full digital strength with the help of the Government and private sectors.

SMEs in Malaysia represent 98.5% of all establishments which contributes to 37.1% of the Malaysia gross domestic product (GDP) and 66% of employment in 2017.

However, SMEs are unfortunately caught in a computerisation trap with just having a computer and internet connectivity alone and not realising that they have stopped short of greater productivity gains and sales growth from investing further.

To be truly digitalised, SMEs must re-engineer their businesses by ensuring that their business strategies, processes, and infrastructures are aligned and are fully integrated to support their digital transformation.

YB Datuk Wira Dr. Mohd Hatta Ramli, the Deputy Minister of Entrepreneurship Development noted that this digital revolution has also brought a drastic change in trading across borders. Digitalisation has made the world more connected and accessible through a more cost-effective way.

It was noted that businesses, particularly the SMEs can now reach to new customers and international markets with relative ease through e-Commerce, mobile commerce and social media platforms. Full digitalisation of commerce could lead to as high as six-fold increase in the number of businesses that export goods.

In June 2018, SME Corp. Malaysia, together with the tech firm sponsored a study of 2,033 SMEs representing all sectors (services, manufacturing, construction, and agriculture) and regions to explore the state of ICT adoption as well as to examine the drivers and barriers of digital transformation through the lens of SMEs in Malaysia.

The study involved a survey that was administered by International Data Corporation (IDC) and a consortium of universities in Malaysia.

According to CEO of the tech firm, the company’s vision and mission is to bring digital to every person, home and organisation for a fully connected intelligent world; it has been committed in empowering SMEs with better connectivity and digital knowhow, which is in line with the company’s philosophy of building digital ecosystems for the nation which will lead to the sustainable development and a better-connected Malaysia.

After the exchange of the Memorandum of Understanding between the tech firm and SME Corp. Malaysia in November 2017, both teams have continued their efforts to pave the development journey of Malaysian SMEs.

These initiatives, include building an incubation laboratory program that promotes innovation, workshops on digitalisation, Talent Program to enhance skills on digital competency amongst others.

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