Committed to position Malaysia as a globally competitive digital nation
"In the new world, it is not the big fish which eats the small fish; it's the fast fish which eats the slow fish.”
Quoted by Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, it encapsulates the essence of the current global digital transformation as the digital landscape changes rapidly. In the modern world, where information is instantly accessible, and industries are being reshaped by technology at an unprecedented pace, digital investment is not just a choice but a necessity. Malaysia is a prime example of a nation that has recognised this reality and is actively steering its course toward digital exploration and transformation.
Malaysia is paving its journey in the digital realm. Malaysia has emerged as a regional digital powerhouse with the government and collaboration with our agency, which is committed to fostering innovation, a vibrant start-up ecosystem, and a tech-savvy population. This nation is adapting to the digital age and actively shaping it. We see Malaysian companies, large and small, investing in digital solutions, harnessing the power of data analytics, and using technology to enhance their operations and customer experiences.
Global digital transformation is a movement that transcends borders, linking nations and industries like never before. In this issue, we explore the context of digital transformation. MDEC spoke with AIA Digital+ Malaysia, which serves as a TDA innovation hub, including cloud architecture, cybersecurity and technology service management. It envisions empowering AIA across the Asia-Pacific region to achieve efficiency and innovation in enabling healthier lives.
Regarding digital transformation for businesses, cyber security is one of the crucial matters of Environmental, Social, and Governance (ESG). Thus, cyber security is one of the three items to be addressed under the MDEC’s ESG Roadmap 2023-2025. As Malaysia's spending on cyber security grows, it indicates a critical growth segment within the ICT sector. In this edition, MDEC identifies further strategies to develop the cyber security industry.
Digital investment and transformation are the keys to nations' and organisations' sustainable and prosperous futures. The path to digital transformation is a journey, and together, we can shape a brighter, more connected, and more efficient future for Malaysia and the world.
We hope to provide valuable information for potential investors to understand this vibrant nation's investment landscape. Reach out to us today! Happy reading.
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