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Oct 2018 - Tech Buyer Presentation - Doc # AP42449118

Malaysia Digital Economy

By: Gerald WangHead, Asia Pacific Public Sector, Vijay Sarathi GollapalliResearch Manager

On-line Presentation

Abstract

Industry 4.0 talks about an era in which artificial intelligence (AI), robotics, 3D printing, and internet of things (IoT) will take center stage and lead to digital transformation. Malaysia is harnessing the opportunities from the Fourth Industrial Revolution through digital transformation to boost the economic growth of the country. The Malaysian government will be continuing to adopt the necessary policy changes to strengthen the economic foundation for the digital transformation and investment flows. The government is also emphasizing on local talent employment as it promotes technology and skill transfer across countries. Companies investing in Malaysia and hiring local talents will also help reduce the issue of brain drain as the new government has reservations with Malaysians serving for the benefit of other countries. The government wants to maintain Malaysia’s attractiveness in the manufacturing sector and boost the service sector's contribution to the gross domestic product (GDP).

"The government’s traditional procurement process is a long and rigorous process, which is subject to strict guidelines and procedures. With greater flexibilities for ICT investments through x-as-a-service models, the government should consider new procurement concepts, such as spiral contracting, to ensure project failures are managed at pilot phases and production solutions being able to continually meet outcome-based policies," says Gerald Wang, head, IDC Asia/Pacific Public Sector. Integration and interoperability of the digital initiatives and legacy systems will be a major challenge. There might be a lot of complications in integrating various government services and agencies from various levels of administrations.


Coverage

Content
  • 19 slides


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