Today’s CEO Outlook features the CEOs in the IT industry.
They are Voon Seng Chuan of IBM Malaysia, V.R. Srivatsan of Oracle Corp Malaysia, Cheam Tat-Inn of Sun Microsystems Malaysia, and Lalit Kumar Gupta of Unisys Malaysia.
The past few years have been difficult for the IT industry worldwide, which had been faced with excess capacity and consumers postponing their investment/reinvestment decisions. But things are looking up once again, as evidenced by the surge in the prices of technology stocks around the world, including those on the KLSE, during the past six months.
IT players are also heartened by the Malaysian government’s commitment to develop the local IT industry, as reflected in the development of the Multimedia Super Corridor, initially, followed up by incentives in the budgets of the past few years, particularly the Budget 2004.
And the effort is paying off, as seen in the many global giants having opted for Malaysia in setting up regional hubs not only in information technology, but also in financial services, oil and gas, logistics, and even seismic data processing, among others.
Also, the global IT giants are increasingly tapping local talent in implementation and services as well as in software development and design.
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