(From left) Sim Hon Wai (General Manager, MDT Innovations Sdn. Bhd); Christopher Kelly (General Manager, Malaysia Design Center, Intel Malaysia); Prakash Mallya (Country Manager Sales and Marketing, Intel Malaysia and Singapore); and Hasannudin Saidin (Director of Digital Entrepreneurs Division in Multimedia Development Corporation).
Malaysian entrepreneurs and companies face limitless possibilities in the Internet of Things (IoT), according to the national ICT agency Multimedia Development Corporation [MDeC] and semiconductor firm Intel.
"The term 'the Internet of Things' was actually coined nearly 20 years ago by professors at MIT to describe a world where 'things,' which can be devices or sensors, are both smart and connected, with the ability to collect and share data," said Prakash Mallya, country manager sales and marketing, Intel Malaysia and Singapore.
"In Malaysia, Intel has been working with local talent to develop the groundwork and foundations of IoT via our Intelligent Systems Group based out of Intel in Penang," said Mallya.
He said that at the most basic level, IoT consists of 'things' that are connected to the internet; enabling a richer way of living and working by making things smarter.
These 'things' can range in shape and size from a person with a heart monitor implant that alerts assigned next of kin in case of emergencies to a car with a built-in sensor to keep the driver informed on its fuel-efficiency, said Mallya.
He said there could be as many as 25 billion devices connected to the Internet by 2015 and 50 billion by 2020. As more things generate a wealth of data, the IoT is also accelerating the accumulation of big data stores.
The importance of collaboration
According to Gartner, 35ZB of data from things will generate US$2 trillion in value by 2020, said Mallya. "That being said, no single technology provider can enable the IoT alone. So it makes sense that fulfilling its promise requires collaboration."
"Intel is at the centre of a vibrant ecosystem of organizations - including government regulators and agencies such as MDeC - that are speeding the development of the IoT in industries and applications everywhere," said Mallya.
MDeC's digital entrepreneurs division director, Hasannudin Saidin, said, "From a broad perspective, the global digital economy is expected to grow to RM156.5 trillion (US$48.79 trillion) by 2020."
"In addition to that, the strong growth of domestic demand for digital products and services presents huge opportunities for Malaysian digital entrepreneurs, " said Hasannudin.
He said MDeC was committed to facilitating the development of IoT in Malaysia as part of its goal to becoming a developed digital economy by 2020.
"Malaysia already has a lot of the IoT ecosystem elements in place and having private sector partners such as Intel Malaysia will undoubtedly drive technological uptake on IoT among local SMEs," said Hasannudin.
Intel's Mallya said: "Intel has a strong heritage, developing silicon, software and services, and has delivered integrated solutions within vertical segments including retail, industrial, healthcare, digital surveillance and automotive."
"Likewise, Intel's IoT focus spans from Quark to Xeon; devices to data centres; hardware and software, security and devices; and is delivering products and technologies that embed intelligence into everyday objects," he said.
"Intel is also focused on accelerating the development and deployment of intelligent devices, connecting legacy devices to the cloud and enabling end-to-end analytics to transform business through the new Intel Gateway Solutions," added Mallya.
One of three grand prize winners in the Communications category of The International APICTA 2013 awards, Malaysian firm MDT Innovations' general manager, Sim Hon Wai, said, "We've recorded near triple growth in revenue for MDT Innovations in 2013 when we shifted our focus and re-strategized sales to focus on IoT devices."
"There is definitely a lot of potential in IoT and we look forward to working with organisations like Intel Malaysia and MDeC to take our company to the next level." said Sim.
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