February 29, 2024

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UTM and Bidding Platform Collaborate in Digital Sciences and Tech

Image Credits: UTM, Press Release

Universiti Teknologi Malaysia (UTM) and Malaysia’s fastest-growing bidding platform announced the signing of a Memorandum of Understanding (MoU) and Memorandum of Agreement (MoA). The cooperation and collaboration between the two entities in areas of technology, cybersecurity and data science.

Speaking on behalf of UTM, Prof. Datuk Ts. Dr Ahmad Fauzi stated that the University is looking forward to this collaboration, to which its expertise and research can immensely contribute. The University also recently conducted profound research, especially in Web 3.0 and cybersecurity.

The University will provide robust solutions for the firm while collaborating on real-world research, not only for the university’s betterment but also for the company. In this regard, the University extended its thanks and appreciation to the firm for this opportunity on collaborating with one of the country’s leading and fastest-growing tech platforms.

Echoing the Vice-Chancellor and the Chief Executive Officer of the partnering company stated that the far-reaching and enterprising collaboration between both the two that will start with developing tech solutions and platforms concerning cybersecurity. This includes Augmented Reality (AR) and Virtual Reality (VR) technology, Web 3.0 technology as well as areas on Data Analysis and Data Science.

This is the first collaboration for UTM on the e-auction/bidding technology platform. The partnership will be a milestone for the two parties for possible commercialisation in digital sciences and technology. The collaboration will also include other areas such as curriculum design, research, innovation, entrepreneurship and social responsibility. Products arising as part of the collaboration will be jointly promoted and marketed, which will also involve commercialising UTM’s research products.

Additionally, the collaboration will also provide employees of the firm and its subsidiaries enrolment opportunities in UTM degree and non-degree programmes, as well as academic and leadership exchange placements in the university. Conversely, UTM academicians and students will have opportunities for industry placements as well as internships and training at the firm and its subsidiaries.

Malaysia is on course to achieve a digital economy contribution to gross domestic product (GDP) of at least 25.5% by 2025, says Minister in the Prime Minister’s Department (Economy). He said, nevertheless, the country lives in a dynamic and competitive environment today, beset with uncertainties.

“We have much to do to meet the aspirations of the MyDIGITAL initiative, to transform Malaysia into a digitally-enabled and technology-driven high-income nation, and a regional leader in the digital economy,” he said in his opening remarks at a virtual dialogue titled Growing the Digital Economy with an Enabling Regulatory Environment earlier this year.

A key feature of the MyDIGITAL initiative that is crucial to its success is the whole-of-nation approach that it has adopted. Under this approach, the participation of all stakeholders is urged to enable the nation to realise the benefits and overcome the challenges of digitalisation.

The aim of this approach is to work together, to achieve the vision and objectives set in the blueprint and 4IR policy while ensuring no one is left behind, and key economic, social, and environmental challenges are recognised and addressed.

In 2020, the digital economy contributed 22.6% of the country’s GDP. E-commerce experienced significant growth of 26.5%, with the e-commerce income of businesses seeing a jump of 17.1% year-on-year in the third quarter of 2021, amounting to RM 279 billion.

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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