INGENIEUR
What Others Say About
Digital Technology Pathway
By Samniang Saenram
Disruptive Trends - Phi-del Marion G
Vineles
According to the ASEAN Secretariat, the bulk of
the world’s consumer electronics comes from the
ASEAN region, and more than 80% of the world’s
hard drives are produced in ASEAN countries.
Malaysia’s electronics and electrical sector
has more than 1,695 companies, with a total
investment of US$35.5 billion (RM 141.6 billion),
which can increase further through investment in
R&D.
The International Labour Organisation (ILO)
said robotic automation, 3D printing and the
Internet of Things (IoT) will have significant impact
on the electronics industry. Policy makers across
the region should therefore, ensure that labour
skills are raised so that the sector can take
advantage of its growth potentials.
The Boston Consulting Group noted that there
are four groups in the sector that will account for
75% of robotic automation by 2025 – electrical
equipment, appliances and components,
computers and electronics products, and
transportation equipment and machinery.
Gartner Research
Spending on technology products and services
in Malaysia is forecasted to reach RM65.2 billion
in 2018, up 5.7% from last year. Worldwide
information technology (IT) spending is also
projected to rise 4.5% to US$3.7 trillion in 2018.
Projects in digital business, blockchain,
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Internet of Things and progression from big data
to algorithms, machine learning and artificial
intelligence (AI), will continue to be the main
drivers of growth.
The growing availability of software as a
service (SaaS)-based solutions is encouraging
new adoption and spending across many
subcategories, such as financial management
systems, human capital management and analytic
applications.
Gartner Research forecasts US$2.9 trillion in
new business value opportunities attributable to
AI by 2021, as well as the ability to recover 6.2
billion hours of worker productivity.
Jarrett Potts – Huawei
According to the International Data Corporation
(IDC), by 2019 enterprises worldwide will have
spent over US$2.1 billion on tech-based services
to implement and manage digital transformation
initiatives. By 2020 over two-thirds of enterprises’
IT spend will go on cloud-based offerings. But let’s
back up and start at the beginning.
There are many industries whose futures
depend on digital transformation and its many
benefits, including the promise to turn traditional
IT infrastructure into a cost centre that allows a
company to make money easier and faster. Telcos
and banks now depend on mobile technology and
the dynamic applications that allow business to be
done anywhere at any time. Financial technology
(Fintech) is talked about in every trade publication
worldwide, and all the newest technology claims