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Malaysia’s Technological Development: What Will The Future Bring?

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TECHNOLOGY - MALAYSIA
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Malaysia’s Technological Development

Malaysia aspires to be a developed nation by 2025. The Government of Malaysia identified key digital areas to drive the ICT sector: cloud, internet of things (IoT), data analytics, cybersecurity, data center, e-commerce, and artificial intelligence (AI).

Internet of Things

According to statistics by the Malaysian Communications and Multimedia Commission (MCMC), over 130 million internet users in Malaysia. The opportunities for digital disruption are vast and undeniable. Due to high internet penetration, Malaysia has the advantage of being a ripe market for ICT companies. As the internet of things (IoT) picks up, Malaysia has a bright future in which users will be able to monitor their connected devices with smartphones. The industry will see an explosion of devices that will connect to the internet, particularly devices such as cars, home appliances, and wearables. Global significance Internet of Things and other digital technologies are transforming the world as we know it. The internet of things is revolutionizing the way we work, live, and play.

Artificial Intelligence

The Malaysian Government and e-commerce giant Lazada together launched a $60 million AI project last month, where 80 percent of the funds will be spent on making Malaysia a leader in AI. Vice President & Managing Director for the Middle East and North Africa at Lazada Group, says that the mission is to develop AI which can be used to improve the lives of people. “Lazada believes that a future where the impact of technology on the quality of life can be profound and is the reason for our pursuit in bringing the world’s best AI solutions to Malaysia,” said Anusha. AI can detect diseases and diseases and detect people in addition to identifying customers, improving targeted marketing, and bringing back shopping efficiency and convenience.

Data Analytics

Malaysia has made significant progress in developing its data analytics capabilities. The government has put the focus on leveraging the data to solve public and commercial problems, and these solutions are expected to become a part of everyday life. New government initiatives around the discovery of Malaysia’s historical and cultural connections to the world have significantly raised the profile of the government’s data analytics ambitions. IoT The adoption of IoT solutions by the public and private sectors is already visible in several sectors. For example, the public utility sector is implementing smart meters in order to better manage electricity and water consumption. Further to that, utilities have adopted IoT technology to improve service, increase efficiency and reduce costs.

Data Center

KL 11/2018 The World Economic Forum estimates that Malaysia is the third most competitive country in the world in ICT infrastructure. It was ranked first in Cloud Infrastructure in 2017, according to Asia Pacific (APAC) Cloud Market Outlook 2017-2021 by International Data Corporation (IDC). Malaysia leads in e-commerce adoption in Southeast Asia (APAC) by volume and also in average annual growth. The country is rated as one of the most attractive locations for companies to establish or expand their presence in the region. Malaysia is attractive to e-commerce companies such as Alibaba (Alibaba Cloud), JD.com, Amazon.com, Baidu, Xiaomi, Tencent, Lenovo, Apple, and HP. Alibaba cloud has committed to investing RM350 million (S$109.5 million) in Malaysia.

Cyber Security

Malaysia has experienced a significant rise in cyber-attacks. Cybercriminals used phishing as their tool of choice by luring victims to send them their sensitive information. The National Cyber Security Committee (NCC) comprises members from the Ministry of Communications and Multimedia, the Attorney General’s Chambers, the Royal Malaysian Police, the Malaysian Communications and Multimedia Commission, and the National Security Council. NCC is mandated to provide assistance and support to ensure that the cyber-attack surface is effectively managed and that no threats can exploit weaknesses in cybersecurity in the country. In 2017, the Cyber Security Department issued 12 advisories to assist companies in addressing cyber-attacks.

Conclusion

The Thailand Thailand e-Commerce Report 2018 illustrates the essence of how e-commerce in Thailand is slowly transforming the nation. Meanwhile, Malaysia’s Technological Development Report 2019 showcases the goal of Malaysia becoming a developed nation by 2025. About Us Market and Research are a trusted brand in the research industry with the capability of commissioning complex projects within a short span of time with a high level of accuracy. For sure Malaysia is heading in a good direction.

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