Our Newsletter

Blog

Malaysia

IoT as Business Enabler – Key Takeaways from day 1 of Asia IoT Business Platform Malaysia 2019

The 29th edition of Asia IoT Business Platform at Hotel Istana Kuala Lumpur, Malaysia, welcomed over 400 delegates from government agencies and private enterprises on the first day.

Irza Fauzan Suprapto, Director of Asia IoT Business Platform (AIBP), started the conference by revealing the results of our annual enterprise IoT survey. We found that 9 out of 10 enterprises in Malaysia have identified their digital strategies within organisations, and it is crucial to continue an honest dialogue between solution partners and end users to continue driving Internet of Things (IoT) success stories.

No alt text provided for this image

“Urbanisation is intensifying, crossing the 50% mark in 2010 - and expecting to reach 70% by 2050 - presents new challenges, new opportunities, and new solutions are needed,'' said Mr Ferry Chung, Vice President, APJ Digital Transformation and Global Cities of Dell EMC. It perfectly represented the current status quo of many businesses exploring IoT roadmaps and partnerships to advance their companies progress in tandem with digital technologies.

In the keynote panel discussion moderated by Sulaiman Nordin, Director of Accounts, N’osairis Technology Solutions, latest initiatives from the government and telecommunication sectors were being updated by the Malaysian Communications and Multimedia Commission (represented by Gerard K M Lim, Chief Digital Officer), Malaysian Industry-Government Group for High Technology (Robert Tai, Digital Transformation Officer) and TM One (Ir. Azizi, Chief Executive Officer). The panel focused on how various stakeholders across the ecosystem can come together to drive IoT adoption nationwide. Key topics such as Digital Cities, Digital Nations, Digital Government, Digital Native Citizen and Data Era technologies were discussed, with the panelists arriving at a common yet crucial consensus: IoT is merely an enabler - it is a tool through which businesses reap positive benefits of digitalisation in various ways that suit both horizontal and vertical industries. 

We had the opportunity to learn from international and local industry experts on their experience in pursuing a strong digital ecosystem. Dr Monsak Socharoentum, Director of IoT & Digital Innovation Institute, Digital Economy Promotion Agency (depa), discussed on the importance of developing the IoT Workforce and included examples of training initiatives introduced by depa.

In the area of cybersecurity, Mr Abdul Fuad Abdul Rahman from CyberSecurity Malaysia provided an extensive explanation of cyber threats related to the adoption of IoT by drawing upon real-life examples. It is important to note that with digitalisation, challenges such as job and data security will arise. Upgrading and constant monitoring of employees capabilities via training is just as necessary as tightening cybersecurity systems.

No alt text provided for this image

Benefits of digitalisation were also shared by speakers from various industries. For instance, Joseph Tiong, Managing Director of RMA Infoworks gave a succinct account of how IoT can improve areas such as risk management and fraud compliance. In the case of Ananda Development, one of the fastest growing property developers in Thailand, Gao Li, Senior Manager of Business Innovation, shared concrete examples of how digitalisation has vastly improved their operations. Also, panelists from UEM Sunrise, Kenanga Investment Bank and Star Media Group provided personal views and insights on how the digital economy is driven through retail transformation.

The following session keenly focused on government projects and perspectives. As part of the ‘Smart City’ agenda, the Penang State Government shared their initiatives to drive Penang towards a Smart International City, with development plans in place including Smart bus stops, Free Public Wi-Fi, Intelligent Operation Center, and the first facial recognition CCTV system that will be launched in the near future.

Malaysia Digital Economy Corporation (MDEC), Cyberview, Mass Rapid Transit (MRT) Corporation discussed how traffic, as an important aspect of smart city development, can be managed using IoT. Some pilots projects such as smart parking and the City Brain project were being brought up. With congestion widely regarded as part and parcel of city life, IoT - in easing traffic flow - is viewed to bring great convenience and efficiency by the Malaysian government corporations.
 
No alt text provided for this image

We also took reference from Taiwan on their experience with Enhancing Road Safety And Monitoring Traffic Conditions using Intelligent Transport System (as shared by Wen-Yuh Leu, Deputy Chief Engineer, Freeway Bureau of Taiwan’s Ministry of Transportation and Communications) and lessons learned from Smart City implementation in Amsterdam, presented by Frans-Anton Vermast (Strategy Advisor & International Smart City Ambassador of Amsterdam Smart City). Frans-Anton Vermast spoke about the traits of successful smart communities such as a focused maverick, dedicated team and creating underlying infrastructure.

Some of the other learning points across the day include:
  1. Value creation is the sustainable business model for IoT industry to scale up
  2. Business objective drives your IoT direction and not vice versa
  3. Turnkey for mass deployment and adoption of new innovations is to narrow transformation divide between business, government and community

Other notable highlights for today’s events:
2019 winners of AIBP Malaysia Enterprise Innovation Award

The Malaysia Enterprise Innovation Award gives recognition to enterprises that have embarked on exceptional digital transformation initiatives in their organizations. Maybank and Malaysia Airports have been crowned winners for having exceptional digital transformation initiatives this year.

Maybank embarked on a multi pronged IoT approach -including BPA technologies - rolling out multiple digital transformation initiatives that resulted in improved customer satisfaction and the reduction of operational costs.

Malaysia Airports (MAHB) on the other hand, utilised digital technologies to address regulatory compliance, increase capacity, improve operational efficiency and boost revenue growth. The Engineering Division MAHB, in Alignment with MAHB’s Airport 4.0 digital clusters, developed Engineering Digital Transformation (EDT) to elevate engineering facilities performance and operational excellence by utilising IoT and Machine Learning solutions.

Memorandum of Understanding Signing by RMA & Agilepoint & Ingenuous

No alt text provided for this image

A Memorandum of Understanding (MOU) was signed between RMA Group, AgilePoint, and Ingenuous. The MOU signing is indicative of a strategic partnership, which is crucial for their expansion of digital technologies in the ASEAN region, US and Europe. The MOU would pave the road to a closer collaboration between key stakeholders in the digital industry.

After all, collaboration and a positive mindset are the key ingredients to an advanced IoT Ecosystem!

If you're interested to learn more details about the sessions and topics presented at the event, please leave a comment below or email sueyuin@industry-platform.com.


By Asia IoT Business Platform | April 26th, 2019

Comments Section

Leave Comment

Your email address will not be published.