Solid foundation needed for new wave digitalisation


Senior vice-president, investment and brand division Raymond Siva said laying a solid foundation is critical to ensure that Malaysia could holistically transform itself into an advanced digital economy and the agency continued to see investment momentum in the digital tech industry domestically.

KUALA LUMPUR: Malaysia must lay a strong foundation to support the new wave of digitalisation, especially now that the Covid-19 pandemic has accelerated the growth of the digital economy and opened opportunities for a variety of new digital businesses, according to the Malaysia Digital Economy Corp (MDEC).

Senior vice-president, investment and brand division Raymond Siva said laying a solid foundation is critical to ensure that Malaysia could holistically transform itself into an advanced digital economy and the agency continued to see investment momentum in the digital tech industry domestically.

“Recent commitment from global giants such as Huawei and Dell Technologies is a glowing endorsement of Malaysia’s digital capabilities, platforms and infrastructure, propelling us on course to be the heart of digital Asean, ” he told Bernama recently.

Huawei Technologies (M) Sdn Bhd chief executive officer Michael Yuan said the profound impact of digital transformation on global economies, particularly during the Covid-19 pandemic, has resulted in a violent shift to digital.

“To contribute actively and consistently to the country’s digital acceleration, there are three key technologies that we must leverage – 5G, cloud computing and artificial intelligence (AI). 5G will unleash a world of opportunities by simply enhancing connectivity and mobility. Hence, 5G is billed as the catalyst for unlocking potential growth across industries such as medical, education, agriculture and smart cities, ” he said.

He said 5G combined with big data analytics, cloud computing, AI and other innovative technologies would accelerate the arrival of a golden age of information over the next decade.

“When paired with AI, these technologies will enhance flexibility, agility and resilience to digital solutions, therefore giving rise to further innovation, introducing new revenue streams and driving cost efficiencies not only for businesses but all sectors of the economy as well as society, ” Yuan said.

Therefore, he said MDEC and Huawei would continue to conduct joint research and services related to digital technologies by working with various government bodies to publish white paper studies for the benefit of improving Malaysia’s digital economy.

Meanwhile, Dell Technologies senior vice-president for South Asia and managing director of Malaysia Pang Yee Beng said the country has gone through almost a full year of navigating uncertainties and challenges due to Covid-19.

“The world is going through unprecedented changes impacting every aspect of life and what we’ve experienced as a nation has required all of us to pivot to new ways to keep our economy and lives intact and progressing, ” he said.

He said the launch and implementation of the Malaysia digital economy blueprint is a strategic move to build economic resilience and transform the country into a digital and high-income nation. — Bernama

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