Ingenieur Vol 58 April-June 2014 Ingenieur Vol 58 April-June 2014 | Page 78

INGENIEUR which in turn attributes to economic growth. The four key trends are: 1. Big data analytics, which is deployed in variety of industries to serve customers better through culling out insights and predictions that the data can generate. The process can help to improve the profitability of the company by assessing credit worthiness, risk analysis and/or data supported decision making processes; 2. Cloud computing, which is one of the fastest growing technological advances, helps companies to structure, organise and store large amounts of data without investing heavily in hardware and software tools. More importantly, company employees always remain connected with the help of smart phones and tablets. With such a work culture, people need not be in the office to complete their tasks; they can do their work from the train or bus on their daily commute, besides tele-working from home; 3. Mobile device usage, particularly smart phones and tablets, make customers and clients more mobile and also provides access to companies’ websites, applications and records wherever they happen to be; 4. Social media, an offspring of the Internet age. This new age media, though seen as a disruptive and unproductive activity when staff unnecessarily waste time, can be a powerful tool for customer engagement, relationship building, networking, information sharing, and soliciting feedback, as well as branding products and services. In Malaysia, intensification of ICT usage is proliferating through on-going capital intensive economic transformation programmes and megaprojects that have been stimulating domestic demand for ICT Services. To name a few, the ICT intensive big projects include My Rapid Transit (MRT) linking Kajang and Sg. Buluh, Petronas Refinery and Petrochemical Integrated Figure 7 6 76 VOL 58 APRIL 2013 2014 VOL 55 JUNE – JUNE