Photo -(From left) Ivan Teh, Managing Director of Fusionex Corporation Sdn Bhd; Craig Morrison, Country Manager of Teradata Malaysia; Stephen Brobst, Chief Technology Officer of Teradata Corporation and Dr Karl Ng, Director of Innovation Capital Division of Multimedia Development Corporation (MDeC) discussing how big data analytics can play a crucial role in national development.
Data analytics giant Teradata has urged the Malaysian government to continue to build on the use of Big Data Analytics (BDA) to improve the quality of life for its citizens and in supporting national development.
Speaking in Kuala Lumpur, Teradata's chief technology officer Stephen Brobst said the government can better share information and coordinate programmes within and across agencies to produce actionable intelligence.
Brobst pointed to the benefits of open data initiatives, which underpinned the importance of having in place a big data strategy that has the citizen as its focus as well as one that effectively harnesses the benefits of open data.
He said the business of government included wide-ranging functions such as social services, taxation, and healthcare, which involved multiple platforms and techniques.
"A multi-channel strategy will help government agencies deliver interactions that are connected and accurate to help citizens make better decisions, be it regarding healthcare, banking, insurance or even government services," said Brobst, who is a former member of the President's Innovation and Technology Advisory Committee (PITAC) under Barack Obama," said Brobst.
"With higher levels of data integration and quality, agencies will be able to apply more sophisticated analytics to optimise their finance operations; to identify fraud and waste; and to improve financial and award reporting," he said.
Brobst said that Gartner recently identified open data as one of the 10 most important technology trends for government in 2015. An earlier report by McKinsey & Company noted that open data, particularly government data, can help realise US$3 trillion (RM11.4 trillion) to US$5 trillion (RM19 trillion) in economic value annually.
He said that the potential within open data became apparent once it has been made accessible and could be analysed. As Gartner noted, the value of open data must "become tangible for the government; and availability must quantifiably contribute to operational efficiency or effectiveness, while supporting economic development and national productivity."
Craig Morrison, country manager for Teradata in Malaysia said, "The benefits of big data analytics are significant and should be clear and compelling to public sector agency decision-makers as well as users. Since the announcement of the National Big Data Analytics Initiatives in 2013, we have also seen how analytics technologies that have delivered exceptional results for the private sector can be put in place to deliver benefits for the government here."
Morrison said the company has been working with the national ICT agency Multimedia Development Corporation (MDeC) to develop "high impact projects that can help build a compelling case on how big data analytics can benefit society, [such as combating degue] the government and businesses within Malaysia."
Teradata is part of MDeC's National Big Data Analytics Innovation Network - working to accelerate big data analytics adoption in Malaysia.
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