What Budget 2017 means for Malaysia's IT industry

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By AvantiKumar
Nov. 21, 2016

IDC Asean logo

IDC ASEAN released a statement entitled 'Bold Initiatives in the Malaysia 2017 Budget,' which saw the proposals as an incremental step towards Malaysia's vision of achieving a fully connected digital economy.

IDC's own research expects total IT spending, which includes infrastructure, software and services, to grow by 3.3 percent to be worth US$21.16 billion in 2017.

"For almost a decade, IDC has been chronicling the emergence and evolution of the 3rd Platform of technology; the drive into Cloud, Mobility, Social and Big Data/Analytics technologies. The adoption of these technologies has accelerated as enterprises commit to the 3rd Platform and undergo Digital Transformation (DX) on a massive scale," said the statement

"This transformation will have a profound impact on industries and citizens in Asia, including Malaysia. Industries can use cutting-edge digital technology to improve productivity and efficiency, while digital citizen services (through both public and private providers) will improve the standard of living and quality of life," continued the statement.

"It will be interesting to see if the recent budget initiatives will help Malaysia in achieving its vision of a digital economy given that key budget items are directly related to technology; improve the speed of fixed line broadband services, tax relief for purchase of select technology products and services, funding for specific MDEC programmes focusing on specific initiatives, launching a digital free zone."

An updated edition of this article was published 21 November 2016 on Computerworld Malaysia

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