What Budget 2017 means for Malaysia's IT industry

(NEW UPDATE) A new commentary from IDC has joined CyberSecurity Malaysia, MaGIC, VMware, MDEC, PIKOM, Gartner, iMoney, Cisco, Symantec, Microsoft, CA Technologies, Autodesk, Canvas Instructure, and Uber.

By AvantiKumar
Nov. 21, 2016

Leon Foong-GM Uber MY - DONE

Leon Foong, (pic above) general manager, Uber Malaysia, said the budget allocations "will help to drive Malaysia forward through technological innovation and creating economic opportunities."

"The initiatives [will] clearly provide tangible growth and economic empowerment. It is also a clear win for the ridesharing industry and shows forward-thinking leadership," added Foong.

Alex Loh_Country Manager_NEW VMware Malaysia 

Alex Loh (pic above), country manager, VMware Malaysia & Brunei, applauded the prioritisation of digitisation Malaysia.  "[Among the initiatives) IoT implementation is expected to contribute RM42.5 billion to Malaysia’s Gross National Income (GNI) by 2025.”

"With digital connectivity contributing nearly 16 percent to the country’s GDP, it is a good move to have announced 2017 to be the year of the Internet economy," said Loh. "Allocations for MDEC's eCommerce ecosystem, Digital Maker Movement, as well as the introduction of Malaysia Digital Hub and the world’s first Digital Free Zone, will be the drivers in ensuring the acceleration of digital transformation and inclusivity.“

"To further drive that, the large allocation of RM1 billion for Malaysian Communication’s and Multimedia Commission (MCMC) to ensure coverage, quality and speed of broadband nationwide reaches up to 20Mb will be the backbone to implementing a strong IoT ecosystem in Malaysia," he said.

"Beyond that, security and talent are of paramount importance for a successful digital economy development," Loh added.."Firstly, businesses need to see the importance of securing the IoT pipeline, specifically the need to secure connection points for Internet-connected devices and to enable secure connections to protected data centres , segmented networks, and secure applications for any Internet-connected device."

Loh cited a VMware study, which  revealed the top business mobility concerns as managing data security [at 45 percent] while Malaysian enterprises rank security third when it came to device purchase decisions and up to 30 percent of organisations did not have proper security measures in place to enable easy sharing.

"Secondly, Malaysia will need a workforce ready for the digital transformation and IoT wave," he said. "We will need engineers and application developers, well-versed in building cloud, running data analytics and integrating applications."

"MDEC forecasts that Malaysia will need one million digital-savvy employees by 2025," he said. "To sustain the rapid development of a robust ICT ecosystem that aims to build a vibrant digital economy, it is critical to cultivate world-class ICT talent to meet the growing demand."

"It is essential for Malaysia businesses to be aligned with our country’s direction and agenda in order for us to realise the Digital Malaysia goal," Loh added.

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