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The industry reacts: How will Budget 2018 change Malaysia’s IT industry?

AvantiKumar | Nov. 2, 2017
Budget 2018 Special includes leaders from MDEC, IDC, PIKOM, MaGIC, Gartner, Accenture, DHL Express, AJ Pharma, OutSystems, Trend Micro, 3M, iMoney, Cisco, CA Technologies, Microsoft, Lazada, 11Street, and Canvas Instructure.

Sudev Bangah (2017) IDC

Research firm IDC (International Data Corporation)’s Asean Managing Director Sudev Bangah (pic above)  expressed much of the enthusiasm of DX leaders when he told Computerworld Malaysia that the proposals "were  not as ‘digitally heavy’ as we hoped it to be, but there were very interesting notes to take away. We welcome that areas such as robotics, automation and aerospace are listed within thrust 1 of the Budget - as this emphasises Malaysia’s movement towards a higher value and digitally driven economy, one that is focused on future-proofing itself within sophisticated industries.”

“Areas of focus in eUsahawan, for example, also have become a critical aspect of shaping a new industry for the younger generation of Malaysians, and this will have an obvious impact into the SME space," Bangah said.
How does IDC expect the industry to be changed by the new wave of Budget proposals? “The digital projects announced this year by the Government seemed much focused on a few themes: Industry 4.0 and the future development of industries in Robotics and Automation, as well as Aerospace; the DFTZ and the positioning of Malaysia as a fulfilment hub; and upskilling and encouraging SMEs/entrepreneurs in being part of this ecosystem."
“While the Budget cannot be seen as an overall ‘win’ for the mass digital industry per se, however, the focus on these few themes  will form the backbone of the evolution of Malaysia’s Digital Economy, and will become the core focus areas for Malaysia in the coming years," Bangah said.

“In addition, we are glad that fundamental issues such as connectivity to rural areas have not been ignored, as the fundamentals represent an important part of elevating Malaysia towards a more connected society, one that can take advantage of  digital initiatives,” he continued.
So what more needs to be done to help digitisation and Digital Malaysia? “Overall, it was a balanced initiative, with adequate attention paid to areas that required a boost. The allocation for DFTZ was expected to be a heavy focus, and what we especially enjoyed was the initiative around the ‘futurise centre in Cyberjaya’ that will encourage companies to focus R&D and the development of prototypes.""
Bangah shared a call to arms message for industry. “Focus, focus, focus. We understand that the government intends these initiatives to go beyond ‘one-off’ actions - they are meant to encourage sustainable projects for the nation to move faster towards becoming a digital economy. Ultimately, it is up to the private sector and SMEs to play their role in evolving themselves towards being part of the digital economy." [See - Digital Malaysia: Astro, Grab and Alliance Bank score digital transformation awards from IDC]


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