February 21, 2024

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Tech professionals in demand in Malaysia

According to a recent report, companies in Malaysia are expected to increase salaries as they look to attract professionals within big data, data science, consumer insights and data warehousing, according to recent research.

It was noted that Malaysia’s digital economy is on the fast track for 2019 which have led to the spike in demand for these key positions. Across industries, companies looking to ride the wave of digital transformation to ramp up efficiency and productivity is creating more pressure on the country’s already tight candidate pool.

The research indicates a 30% increase in the number of technology jobs posted in Malaysia in the last 12 months. Successful job movers in this space can expect a 10 to 22% salary increase, according to research.

Urge to invest in tech

Malaysia is ranked as one of the top economies in the world and digital transformation is a key factor in driving business growth in the country.

Recently, the government Industry4WRD, a policy aimed at supporting the manufacturing sector’s leap to the Fourth Industrial Revolution (4IR).

The government’s role in the transformation process will propel manufacturing businesses — especially SMEs — on their journey towards 4IR. A recent study reveals that 65 per cent of SMEs is prioritising technology investments over other fixed assets.

There are several ways how technology adoption can benefit manufacturing businesses, drive efficiency and boost growth, another report notes.

First, technology allows for automation. This means the use of technology in the manufacturing process results in greater efficiency. Over half of business decision-makers agree that robotics has the ability to automate repetitive or mundane tasks on the production line.

Second, technology helps manufacturers close the skills gap. Studies indicate that most manufacturers (78 per cent) find it difficult to recruit top talent with the appropriate skill set. This suggests that the sector may suffer from a lack of skills and internal knowledge. To address the lack of workforce talent, businesses are turning to tech (like robotics) in a bid to save both time and resources.

Next, technology provides invaluable data. With the growth of smart factories with its connected Internet of Things (IoT) devices, the world is seeing an increase in the amount of data generated on the production line. Enabling companies to use the information to better their service will, in turn, be better for the economy.

Fourth, technology allows for more rapid expansion into overseas markets and new locations. Navigating an overseas expansion can be difficult. One in 10 businesses reports that working with overseas customers is often challenging, particularly for businesses with large supply chains or those that need to address tax obligations across multiple regions.

Thus, flexible enterprise resource planning (ERP) solutions allow for global processes to be managed effectively. Closing the communication gap to conduct global business can be achieved by taking advantage of multilanguage ERP systems that make it easier to interact with international colleagues, suppliers and customers.

Finally, technology enables and encourages businesses to adapt. By deploying the right tools, like cognitive technology or software, businesses can bring major improvements in business performance.

This will enhance the quality of forecasts and enable more precise scheduling and stock replenishment in response to customer demands. The ability to respond in real-time enables companies to control their manufacturing and sales order processes, and enhance return-on-investment.

However, the platform selected must be flexible; connecting management with the factory floor and enabling project teams to collaborate across borders.

All requirements that are fuelling the adoption of cloud-based ERP solutions by businesses of all sizes seek to keep pace with new technologies and customer expectations.

Linking these systems to a next-generation ERP solution can improve profit margins, open new revenue streams and improve brand reputations.

Thus, if Malaysia is to rapidly manifest its dream of becoming a leading technological and economic hub, it must seriously consider investing more in tech. As the aforementioned report shows, it is clear that the demand for tech professionals will increase this year; so too, must the investments the sector is receiving.

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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