February 28, 2024

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Universiti Teknologi Malaysia Partners to Promote Property Technology

Image Credits: UTM, Press Release

Universiti Teknologi Malaysia (UTM) announced that it has signed a Memorandum of Understanding (MoU) with Johor Corporation (JCorp), a Malaysian government-linked company, formerly known as the Johor State Economic Development Corporation. The partnership will focus on improving information technology, namely big data, cybersecurity, the Internet of Things (IoT), blockchain and data science.

The signing ceremony was conducted at the Johor Bahru campus. The MoU ceremony was signed by the President and Chief Executive of Johor Corporation and the Vice-Chancellor of UTM. The event confirmed the robust and multifaceted partnership between the two organisations with both parties confirmed the great importance of attaching their relationship and underlined the strategic nature and potential of the partnership.

The UTM Vice-Chancellor stated that the two will work together to enhance the economy’s competitiveness and support the private sector’s development in academic and industrial settings. Particular attention will be paid to promoting property technology (Proptech).

Given the strategic orientation of the partnership, both organisations are committed to reinforcing collaboration in developing human capital, skills, up scaling and internship for staff and students and up-skilling programmes,” said the Vice-Chancellor after signing the MoU.

In addition, both organisations are also keen to collaborate in research partnerships as the strategic alliance between Johor Corporation and UTM, especially in research will benefit both stakeholders in various ways.

Advantages for academics may include the chance to confront complex research topics with practical applications, witness the beneficial effects of their research and gain access to new knowledge, information or resources.

The firm will aid by enhancing its performance by creating novel methods or technologies, reducing the risk associated with research investments and expanding the capabilities and domain knowledge at its disposal.

The collaboration between both parties will impact both stakeholders and help to make a difference locally and worldwide through several activities’ breakthroughs and the creation of creative enterprises with the ultimate aim to strengthen the economic development in Johor and Malaysia.

The main pillars of university-industry collaboration are knowledge and technology transfer. There is ample proof that successful partnerships and the transfer of technology and practical knowledge are strongly correlated. An extensive transfer can increase the novelty of the technology, foster innovation and accelerate product development. Knowledge and technology transfer is influenced by strategy and motivation and this relationship can be strengthened by using the applicable regulations and incentives.

While universities and businesses may have differing effects on knowledge transfers, both organisations can benefit significantly from these collaborations since as will promote the discovery of new synergies and models that promise mutual potential for return on investment.

The PropTech market is expected to register a CAGR of 16.8% from 2022 to 2032. The PropTech market size is expected to grow from US$ 18.2 billion in 2022 to US$ 86.5 billion in 2032, a recent report noted.

The use of artificial intelligence (AI), big data and data automation in real estate as well as the digitalisation of property data assets, using sustainable technology in building and maintenance, and IoT and IIoT with drones for 360-view presentation are some of the most recent PropTech market trends.

The demand for PropTech is currently high and expected to grow. This can be attributed to PropTech helping to lower operating costs and aid agencies save money. Customers are provided with digital/virtual services, and agents can work on the go. As a result, profits and productivity rise. PropTech also helps reduce transactional costs and enhances consumer convenience.

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.

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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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