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Malaysia's national IoT roadmap eyes US$13.4 billion by 2025

AvantiKumar | July 11, 2015
Datuk Dr Ewon Ebin, the MOSTI Minister said that MIMOS will drive the National Internet of Things (IoT) Strategic Roadmap, which aims to make Malaysia a regional IoT hub.

The MoU Exchange between MIMOS and Cyberview 

Photo - (From left, front )  YBhg Datuk Abdul Wahab Abdullah, President and CEO of MIMOS Berhad; Faris Yahaya, Managing Director of Cyberview Sdn Bhd (Back, from left) YBhg Dato' Sri Dr. Mohd Azhar Hj Yahaya, Deputy Secretary General (Policy), Ministry of Science, Technology and Innovation; YB Datuk Dr Ewon Ebin, Minister of Science, Technology and Innovation.

 

Malaysia's  Ministry of Science, Technology and Innovation, MOSTI, together with its applied research agency, MIMOS, has unveiled the National Internet of Things (IoT) Strategic Roadmap, which aims to drive IoT implementation to a goal of generating RM42.5 (US$13.4) billion by 2025.

MOSTI minister YB Datuk Dr Ewon Ebin said that the growth of the ICT industry was closely interwoven with "the nation's economic growth; and IoT, being the latest evolution in the technology, was an important deciding factor in the economic and social development of the country."

"IoT implementation goes across key social and economic sectors," said Dr Ewon.  "This means that the development and implementation of IoT require a clear guideline and strategy that takes into account various critical aspects such as data security and sovereignty, privacy, and Intellectual Property management."   

"IoT implementation in Malaysia is expected to contribute RM9.5 (US$2.99) billion to the country's Gross National Income (GNI) by the year 2020 and RM42.5 billion (US$13.4) by 2025," he said. 

"In addition, IoT is projected to generate a total of 14,270 high-skilled employment opportunities by 2020," said Dr Ewon, adding that creative and high-potential talent groups, a good investment climate, as well as strong interest and commitment; all ingredients that could push the country to be a premier regional IoT hub.

 The event also saw the signing of three Memoranda of Understanding (MoU) between MIMOS and Cyberview Sdn Bhd, CyberSecurity Malaysia and SAS Inc., respectively on developing Cyberjaya as a model 'Smart and Safe City' through  IoT implementation. 

IoT ecosystem

   Cyberjaya will start the collaboration with various IoT-based solutions such as smart traffic management system and public safety monitoring, and energy management.

MIMOS chief executive officer Datuk Abdul Wahab Abdullah said that one key goal was to create an ecosystem for the IoT industry, which would support technopreneurs in the many component 'layers' of IoT. 

"The IoT ecosystem that we have been building is already up and running.  As a premier applied research centre, MIMOS comes in as a key technology provider, in particular for the development of the IoT Open Innovation Framework, while as implementation secretariat, we will monitor the results, outcome and impact of all IoT deployments," he said.

 

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