Subscribe / Unsubscribe Enewsletters | Login | Register

Pencil Banner

The industry reacts: How will Budget 2018 change Malaysia’s IT industry?

AvantiKumar | Nov. 2, 2017
Budget 2018 Special includes leaders from MDEC, IDC, PIKOM, MaGIC, Gartner, Accenture, DHL Express, AJ Pharma, OutSystems, Trend Micro, 3M, iMoney, Cisco, CA Technologies, Microsoft, Lazada, 11Street, and Canvas Instructure.

Azwan_Baharuddin_-_Accenture

Meanwhile, Azwan Baharuddin (pic above) Malaysia Country Managing Director for IT consulting firm Accenture believes: "The 2018 Budget tabled by our Prime Minister maintains Malaysia's TN50 momentum to become a top 20 nation in the world. We view the various reinforcements of innovation as a positive catalyst for corporate Malaysia to accelerate its digital transformation journey and elevate Malaysia's Digital Performance Index score."

 "Establishing and strengthening cutting-edge programmes such as the Futurise Centre will help foster the development and delivery of disruptive innovation that will put Malaysian companies at a cutting-edge advantage," said Azwan, adding that the company is increasing its focus on guiding local companies rotate to the digital economy using emerging technologies such as robotics, AI, Big Data and cloud capabilities.

"The steps taken to accelerate innovation is in line with the findings in a recent study we conducted - Digital Performance Index (DPI) - where we analysed 28 top Malaysian companies across various industries on their implementation of digital technologies," he said.

Albert Chai - Managing Director for Cisco Malaysia

Cisco Malaysia's Managing Director, Albert Chai (pic above) said Malaysia's Budget 2018 was another step in the right direction for the nation's digital journey. "The rise of the fourth Industrial revolution (Industry 4.0) is definitely upon us. Malaysian manufacturers will be better positioned to capitalise on the upcoming opportunities brought upon by digitisation. In its nascent stage, the combination of tax reliefs and grant allocation Smart Manufacturing facilities will incentivise more manufacturers to adopt new technologies such as automation, Big Data Analytics and robotics."

"Digital innovation will shape the next wave of economic development in this country," said Chai. "But at the heart of this transformation is the people. I am particularly excited about the various measures aimed at developing a workforce that is future-ready. Of particular interest is the RM250 million allocation to educate the National Transformation 2050 (TN50) generation which encompasses the setting up of Science, Technology, Engineering and Mathematics (STEM) centres and improving Computer Science modules, including Coding programmes."

"At the same time, SMEs should not be left behind by the wave of progress. We laud the government's measure, through Digital Free Trade Zone, to ensure the participation of 1,500 SMEs in the digital economy," he said. "Given that the economy is largely made up of SMEs, our progress towards becoming a digital economy will be hampered if they lag behind. There's never been a better time to fast track Malaysia's digital economy."

 

Previous Page  1  2  3  4  5  6  7  8  9  10  11  Next Page 

Sign up for CIO Asia eNewsletters.