Posted on 7/06/2017 by Jay Banghar
In the first part of our Malaysia Blog Series, we explored the field of Cybersecurity in Malaysia - Today we dive into ‘Digital Malaysia’, and discuss how the Malaysian economy is fast becoming a digital hub.
Malaysia Digital Economy Corporation (MDEC)
One of the recent actions which started off Malaysia’s Digital Economy was the creation of the Malaysia Digital Economy Corporation (MDEC), which is now the leading agency in driving the digital economy in Malaysia. MDEC is a government owned institution and its efforts and implementations are centered on creating credible talents for the digital economy, encouraging digital technology adoption among Malaysians and nurturing the growth of the tech industry, including SMEs. The MDEC agency also aims to encourage local businesses to embrace latest technologies such as the Internet of Things (IoT). According to the CEO, MDEC’s contribution to the overall GDP of the country was about 18% and there was a proliferation of more and more marketplaces coming in.
Multimedia Super Corridor (MSC Malaysia)
A very interesting aspect that the MDEC is responsible for managing is the Multimedia Super Corridor (MSC Malaysia), which is located in Selangor.
In a recent interview, the Vice President of MDEC noted the importance and emergence of ‘Digital Disruption’ and highlighted MDEC’s key role in nurturing this via its Digital Hub Programme. The Digital Hub Programme encourages and speeds up the growth of startups, which is seen as a huge part of Malaysia’s Digital Economy.
Malaysia Digital Free Trade Zone
The latest addition to Malaysia’s Digital Economy can’t be left not mentioned - The Malaysian Digital Free Trade Zone (DFTZ). In March earlier this year, the world’s first Digital Free Trade Zone was launched by the Malaysian Prime Minister and the founder of e-commerce giant AliBaba.
However MDEC firmly believes that its provision of innovative tools and initiatives would be meaningless without skilled workers to who are able to utilise them effectively. Dato Yasmin notes that latest technologies such as Big Data Analytics and the Internet of Things (IoT) are key to Malaysia’s Digital Economy with the world moving into the data economy and highlights the importance of the nation having access to skilled data professionals.
We absolutely agree with MDEC’s view. That is why SearchElect has invested in growing its network of experienced Technology professionals in Malaysia and across APAC. Our constant focus is to stay connected with the best tech professionals to supply the demand of new skills and experiences within the new digital economy in Malaysia.
Talk to us - Share your thoughts surrounding Malaysia’s Digital Economy with us and find out how YOU can gain access to the wide pool of IoT and Big Data talent that we have. If you are keen to find out how we can add value to your recruitment process, I’d love to hear from you.
Thanks for reading!
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