SAN FRANCISCO: Malaysia is seeking to be a data management centre as its plan to develop further its information technology industry.
Datuk Seri Najib Tun Razak said Malaysia has the advantage of space, infrastructure and incentives for the industry.
He, however, acknowledged Malaysia’s lack of data management scientists.
“This is a new skill that we need as thousands of data scientists will need to be produced in Malaysia’s quest to be a data management centre,” the Prime Minister said after attending the Global Science and Innovation Advisory Council meeting here on Monday.
The council was set up in 2010 as part of Najib’s efforts to transform Malaysia into a high income nation through science and inno-vation.
Najib said the meeting also discussed the culture of tolerating failures by companies in the Silicon Valley.
“They accept the culture of failure and risk-taking as part of gaining experience for future success.
“Nobody is penalised but instead the failure is being used to see what went wrong. In other words, they might fail once, they might fail twice but given the right set of circumstances and encouragement, they might succeed the third or fourth time,” Najib said at a media briefing here.
Later, speaking at the Commonwealth Club, the Prime Minister said Asian countries must look to build stronger, more lasting economic connections within and outside the region.
“That is why I look forward to the completion of the Trans-Pacific Partnership which will strengthen our ties with the wider world and the Regional Economic Comprehensive Partnership which will bring three of the largest economies into the world’s largest trading bloc,” he said.
The Prime Minister spoke at length on the economic development and sustainable growth challenges facing Asia.
“These challenges will test Asia’s capability and its resolve. I believe in Asia’s potential,” Najib said.
“I believe in Asia’s stability to find sustainable growth models, not unbalanced ones, to create opportunities for all, rather than wealth for a few.
“Over the past decades, great change has come to Asia, even greater change awaits.”