MDeC pushes for digital transformation across Malaysia's economy


Malaysia 27th Implementation Council Meeting - 

Photo - (From left) YAB Dato' Sri Mohd Najib Bin Tun Abdul Razak, Malaysia PM; YB Datuk Seri Panglima Dr Mohd Salleh Bin Tun Said Keruak; and Dato Yasmin Mahmood, CEO, MDeC , at the 27th MSC Malaysia Implementation Council Meeting.


The 27th MSC Malaysia Implementation Council Meeting (ICM) was held recently at the Prime Minister's Office to discuss how the national ICT agency Multimedia Development Corporation, MDeC, can further drive digital transformation and create an ecosystem that promotes the pervasive use of ICT in all aspects of the national economy.

Decision makers discussed MSC (Multimedia Supercorridor) Malaysia initiatives to advance the economy as well as ICT-focused talent enhancement programmes. The meeting also marked the first year anniversary of Dato' Yasmin Mahmood taking up the role as MDeC chief executive officer, which has seen a strengthening of the Digital Malaysia agenda, said Prime Minister Najib in his opening remarks.

"Out of a world population of 7 billion, 353 million or only 5.2 percent are digital natives," said Najib. "Some countries have a higher percentage of digital native to total population than others and interestingly enough, Malaysia is fourth in the world with 13.4 percent after Iceland, New Zealand and South Korea.

"The rise of the digital natives will have implications that grow in proportion with their relative size," he added. "I take note of the Department of Statistics' projection that 50 percent of the Malaysian workforce will be millennials or younger by 2020."

"The digital economy significantly enhanced its contribution to national gross domestic product (GDP) - from 16.38 percent in 2013 to 17 percent last year, based on the latest ICT Satellite Account figures released by the Department of Statistics. Considering that 17 percent was the 2020 target initially set by Digital Malaysia back in 2011, it is evident that our digital economy is heading in the right direction," said Najib.

"Fundamental to the national digital economy is MSC Malaysia," he said. "Since its inception in 1996, MSC Malaysia has contributed more than RM295 (US$67.60) billion in revenue to the Malaysian economy, RM283 (US$64.85) billion worth of investments and more than 147,000 jobs. MSC Malaysia also continues to attract investments from world-class and cutting-edge companies in a wide range of industries."

MDeC's Yasmin said some of the other events relating to the Implementation Council Meeting included:

1. ASEAN Data Analytics eXchange (ADAX)
A regional platform where MDeC brings together innovative talent development models, showcase the latest Big Data Analytics (BDA) technologies, pilot advanced data analytics use cases for the ASEAN region and provide a co-working location for BDA startups & accelerators.

  • ASEAN Data Incubator Programme

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