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What's really in store for Malaysia's IT industry in 2017?

AvantiKumar | Jan. 9, 2017
(MAJOR UPDATES) New leadership insights from PIKOM, MDEC, CyberSecurity Malaysia, Cyberview, IDC, Gartner, BAE Systems, 11street, Canvas/Instructure, Cloudera, Hitachi Data Systems (HDS), Hitachi Sunway, Red Hat, Cisco, AIMS Group, Fortinet, Sophos, Emerio, Brocade, Cognizant, Outsystems, Symantec, VADS, and Veeam.

"This expected increase of cyber attacks on the CNII sectors is also reflected in the global landscape e.g. attacks against financial / banking sector, health / medical sector and so on will continue. Today, Cybercrime remains major threat not only for the private sector and individuals but also for governments and the nations as well. Indeed, President Obama’s 2017 fiscal year budget proposed a US$19 billion allocation for cyber security," he added.

"In 2017, we expect even more international collaboration and CyberSecurity Malaysia intends to play a major and active role in developing close relationships and partnerships regionally," said Dr Amirudin. "Our cooperative efforts are reflected via the Public-Private Partnerships, which are an essential requirement to ensure all parties in Malaysia are able to operate within and benefit from the advantages of a secured and trusted cyber environment. It is of course important to build international collaboration since cyber attacks are 'beyond borders.'

(See the full  exclusive interview with CyberSecurity Malaysia's leader for more details.)

Faris Yahaya - Cyberview MD

 Dato' Faris Yahaya (pic above), Managing Director, Cyberview, said he was pleased that "collaborative innovation has taken centre-stage in Malaysia's rising digital economy - no-one player can/should do this alone, risk-taking (in innovation) can only be bolstered by the reassurance of a safety net of supportive ecosystem partners."

Moving forward, Faris said: "Players in the tech industry (including government agencies, SMEs, MNCs, etc.) have to double-down on strengthening Malaysia's tech ecosystem (particularly policies and initiatives influencing infrastructure and talent development) to mitigate the challenge of persistent headwinds in the global economy."

"An important driver of growth in the digital economy will be primarily domestic in nature - Malaysia hosts a lot of unrealised talents waiting to be unlocked and unleashed," said Faris.
"In spite of challenges, we remain bullish on the prospect of seeing Cyberjaya grow into a city where innovation thrives, especially given the leadership of the Government and the decisive strides that it has made towards realising this goal," he said. "These measures include the positioning of Cyberjaya as a 'living lab' for the Internet of Things and the announcements made by the Prime Minister in his Budget 2017 speech; underscoring the importance of the digital economy for the country's continued growth."

"The consolidation of focus on developing the digital economy aligns squarely with all the work that we've been driving here in Cyberjaya for the past 20 years," said Faris. "We - that is the stakeholders of Cyberjaya and 88,000 citizens - out of which more than 40 percent are knowledge workers which represent the nation's largest concentration of tech talent - are primed to drive and thrive in this economy."
"The true power of technology has always been the access it provides to everyone it touches - from opening up new frontiers of opportunities to giving old ways of doing things a new lease on life," he said. "This is precisely what financial technology (fintech) has done for the financial services industry and the primary driver behind our fourth Cyberview Living Lab Accelerator Programme focusing on fintech innovations."
"What makes this development even more exciting is the fact that it builds on the groundwork that we've already laid out in Cyberjaya in transforming it into a Living Lab for the Internet of Things," said Faris.

"Most recently, Cyberview entered into an agreement with Atilze Digital (a subsidiary of Yen Global), strategically positioning Cyberjaya as the first smart city in Southeast Asia connected to a city-wide long range (LoRa) network," he said. "The network adds onto the wide range of connectivity options already available in Cyberjaya. In addition to being the first township where network operators can rapidly offer high-speed internet and 4G long-term evolution (LTE) connectivity, courtesy of the 22 high-speed mobility solution sites deployed by Axiata Group's telecommunication infrastructure service arm, edotco Malaysia, residents and visitors also have broadband access with speeds of up to 1Gbps. And on top of all these, Cyberview is already collaborating with Telekom Malaysia to implement the Wireless Cyberjaya project; improving connection speeds with coverage of 127 access points throughout Cyberjaya."
"What's important to note here is the fact that collaboration and openness will remain a key driver for Malaysia's success and this is also true for enterprises and businesses searching for their big break as well," he said. "As a city playing host to 800 tech companies - 506 of them with MSC status and 47 of them from multi-national organisations - Cyberjaya is a prime example of the power of collaborative innovation. Here, businesses are supported by an environment of non-competitive sharing and openness; with smaller enterprises clustered around larger companies and each leveraging on the other's strengths and uniqueness."
"Our most urgent need lies in the realisation of latent talent available in Malaysia. This we have strived to achieve through the setting up of a collaborative, innovation ecosystem where innovators, inventors and entrepreneurs can drive their ideas from plans into commercialised realities," said Faris. (See the full interview for more details.)
Analysts on Malaysia as 'Technology Optimiser'


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