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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.

Nick Lim, Vice President, ASEAN and Greater China, CA Technologies

Nick Lim (pic above) Vice President, ASEAN and Greater China, CA Technologies, also commented on Malaysia's moves to become a key player in The Fourth Industrial Revolution. "The digital economy has raised customers' expectations and brought disruption to every industry. Businesses today are realizing the need to deliver exceptional experience by responding to their customers' needs with greater agility and speed."

"Software needs to be at the core of every organisation's DNA as it enables them to transform digitally and take full advantage of mobile, the Internet of Things (IOT), artificial intelligence (AI), big data and other technologies," said Lim. "It is crucial for companies to integrate software into all aspects of their operations. This will require agility across the business, and a mind-set shift in how businesses use technology and build software to deliver unique value to their customers."
 
"As more Malaysian businesses move to online and digital platforms, the exposure to security vulnerabilities will increase," he said. "We believe that the targeted business and digital incentives under the Budget 2018 will further accelerate the economic growth for Malaysia and drive the nation forward, in line with the 'Transformasi Nasional,' or TN50 National Transformation framework which envisions the country as a fully developed nation status by 2050."

K Raman, MD, Microsoft Malaysia

K Raman (pic above), Managing Director, Microsoft Malaysia, said the Budget has taken a multi-pronged approach to creating and enabling an inclusive society. "This rakyat-centric Budget outlines initiatives to leverage the opportunities presented by the Fourth Industrial Revolution and the digital economy, underscoring its contribution to the country's GDP. Along with the recent announcement of 'Cloud First' strategy, and creation of a National Artificial Intelligence (Al) Framework, these are steps in the right direction to bolster the country's strategic ICT thrust."

"A key touch point of the 2018 Budget is fortifying the Digital Economy, and implementation of the Malaysia Digital Policy will pave the way to strengthen it further," said Raman. "This is a very exciting time for Malaysia, as a growing digital economy needs a strong support structure and ecosystem to thrive. As businesses in Malaysia look for better and faster ways to leverage on the fourth industrial revolution and transform themselves, modern technologies such as cloud computing have a crucial role to play."

"The budget also pays attention to upgrade of ICT equipment and communications systems, which would be crucial for a strong digital infrastructure for our businesses," he noted. "Additionally, rebate on purchase of ICT equipment and software development will lower the barrier to entry for adoption of digital technology among SMEs and corporates, especially as we continue to advance digital workforce as a national agenda."

Raman also welcomed the future proofing aspects of the economy through empowering education, skill and talent development in the country, with an allocation of RM61.6 billion. The creation of TVET (Technical and Vocational Training) Malaysia and grants towards the TVET Masterplan are a step in this direction." 

 

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