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IoT in Malaysia: The National Agenda
As we celebrate 59 years of nationhood, I am reminded of the latest achievement we had 2 weeks ago in KL, where commitment to target IoT as a new national economic source was reiterated by the Minister of Technology, Science and Innovation himself.
Malaysia is one of only nine countries in the world to have developed a working roadmap on IoT.
We're currently in the midst of implementing the National IoT Strategic Roadmap, in which interoperability has been identified to spur IoT in the country, and the market potential is set to generate a GNI of RM9.5 billion by 2020 and achieve RM42.5 billion by 2025.
Within one year, several IoT-based projects have been piloted and launched in Malaysia, including the following areas:
At the 10th edition of Asia IoT Business Platform two weeks ago, YB Datuk Seri Panglima Madius Tangau, Minister of Science, Technology and Innovation mentioned that following the maturing of IoT technologies in the country, they hope to expand local services to ASEAN markets and ultimately introduce top 5 Malaysian companies to the international stage.
In developing the industry ecosystem, we need all players to work together and demonstrate the value of these solutions in order to convince the end users and investors to adopt IoT technologies.
Over the two days conference, conversations with speakers, public sectors, companies from both solution providers and local end users, etc. led me to the 4 focus markets that have been identified for Malaysia:
(follow my interviews here)
With collaboration efforts between vendors and across industries being supervised by the government, it is without a doubt that IoT would play a big part in achieving our next stage of nation's growth.
I am happy to facilitate further IoT initiatives and relationships in and across countries, and support MOSTI's goal to help Malaysian companies expand into the whole of ASEAN region.
Feel free to drop me a note if you're interested in the ASEAN IoT markets.
By Admin | May 1st, 2017
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