Malaysia

Driving Growth with Digital Innovation and Cybersecurity – Day 1 Key Takeaways from the 36th edition of ASEAN Innovation business Platform (AIBP) Conference & Exhibition

The 36th edition of ASEAN Innovation business Platform (AIBP) Conference & Exhibition kicked off today, 17 October 2022, in Royale Chulan Kuala Lumpur, Malaysia, marking our first stop in a series of in-person events in the ASEAN over the next 2 months.

Day 1 of the conference presented us with insights from leaders from both the public and private sector, sharing their insights and initiatives on digital transformation.

The Importance of Digital Innovation in Nurturing Sustainable Enterprise Growth and Socioeconomic Development

The day started with the government keynote address from YB Dato’ Sri Dr. Adham Bin Baba, Minister of Science, Technology and Innovation, Ministry of Science, Technology & Innovation (MOSTI). YB Dato’ Sri Dr. Adham Bin Baba pinpointed the importance of innovation and research in cultivating and strengthening sustainable socioeconomic developments. 

“AIBP is seen to be in accordance with the National Science, Technology and Innovation Policy (NSTIP) 2021-2030 which has 6 cores, 20 strategies and 46 initiatives towards the nation’s development that is based on technology and innovation.”

The theme of this year’s conference and exhibition is “Navigating the Intersection of Sustainable Growth, Business & Technology” and the panellists on the keynote panel, shared their opinions on how technology can be leveraged to promote enterprise growth, and the different metrics that enterprises and public agencies use to measure their success in their transformation and innovation efforts. Datuk Dr. Mohd Yusoff Sulaiman, President & Chief Executive Officer from The Malaysian Industry-Government Group for High Technology (MIGHT) stressed on the importance of having transparent conversations between government agencies and enterprises, for example, enterprises often encounter the lack of funds to support their digital transformation initiatives. As such, transparency between government agencies and enterprises, according to Datuk Dr. Sulaiman, would allow government agencies to be able to help the enterprises, via means of fundings and research resources. Datuk Kamal Khalid, Chief Corporate and Transformation Officer from Celcom Axiata also agreed that technology acts as a driver for sustainable growth in enterprises, and customer satisfaction can be  one of the measures of digital transformation success. Similarly, Sam Majid, Chief Technology & Innovation Officer, Malaysia Communications & Multimedia Commission (MCMC) concurred, stating that enterprises should put themselves in customer’s point-of-view to best understand their needs.

Cybersecurity and its role in Strengthening the Foundation for Industry 4.0

The day continued with discussions on cyber security; more specifically, how enterprises and government agencies have viewed and promoted cyber resilience.

Dato Ts Dr Haji Amirudin Abdul Wahab, Chief Executive Officer of Cybersecurity Malaysia, established the importance of cybersecurity, sharing that “39% of enterprises globally were affected by 3rd party cyber threat” via various methods, namely phishing and Advanced Persistent Threat (APT). To solve this issue and improve cyber-resilience, Dato Ts Dr Haji Amirudin also suggested that enterprises should change their viewpoint on cybersecurity, and treat it as a built-in feature of the digital transformation plan rather than it being an additional feature. Echoing this sentiment, Ts. Helme Mohd Yusop, Head of Digitalization & Technology, Alam Flora Sdn Bhd shared during the panel discussion that cybersecurity and technology innovation should go hand-in-hand, while Andrew Duck, Chief Executive Officer from Guardrails agreed that cybersecurity should not be deemed as an expense, but rather, be treated as a potential comparative advantage that enterprises can earn. 

Industry 4.0 :  Supply Chain Digitalization and Smart Manufacturing

The conference then went on to hear from agencies in Malaysia driving transformation in Malaysia’s manufacturing and industrial sectors, namely the Ministry of International Trade and Industry (MITI), SIRIM Berhad, and Digital Nasional Bhd (DNB). Muhammad Zulhilmi Ahmad, Director, Industry Development Division, MITI, presented his case study on Driving Digital Transformation of Manufacturing and Its Related Services Sector in Malaysia, positing that investment on human capital, such as workforce training, can be crucial in promoting cybersecurity and Industry 4.0 adoption. On a similar note, Ts.Tengku Intan Narqiah Tengku Othman, Chief Digital and Information Officer, SIRIM Berhad agreed that implementation of the technology is the easier part – the harder part here is the improvement of human capital and process, which will take time to be carried out, rather than being an overnight process. Finally, Prem Kumar Menon, Head, Enterprise Strategy, Digital Nasional Bhd (DNB) presented the case study on 5G & beyond for Malaysia’s Industry 4.0 Journey, while also pinpointing that gaining trust and building mindset among users is among the most crucial, long-run goals of cybersecurity.

Concluding our first day was the session centering on Supply Chain Resiliency and Smart Manufacturing. Opening the session was Ivan Seow, Chief Supply Chain Officer from Trames, who presented the case study on Digital Freight EcoSystems. This was followed by the presentation from Dr. YT Chin, Senior Director SSD Operations, Western Digital on Application in AI, Robotics and Automation for Smart Factory. In the presentation, Dr Chin also highlighted the various ways that enterprises can look into the return on investment (ROI) of their digitization of manufacturing processes – in some instances, the ROI can be fast even though the level of investment is low. Joining Dr Chin in the panel discussion on Supply Chain Resiliency: Enhancing Visibility and Agility with Technology were Dr. Peter Leong, Deputy Head of Group Information Technology, Proton, and Dr. Mohd Shahrul Azmi Bin Mohamad Yusoff, Director of Industrial Center of Innovation Smart Manufacturing, SIRIM Berhad, and Jan Nicholas, Executive Director, Southeast Asia Semiconductor Consulting Practice Leader, Deloitte Consulting. Dr Leong mentioned the lack of access to real-time information and data as a potential hurdle that can hamper the growth of supply chain digitization, while Dr Shahrul and Jan pinpointed that data is highly prone to human manipulation and integrity, rendering data vulnerable to human interference.

Celebrating Innovation Success Stories in ASEAN: Genting Malaysia Berhad & Malayan Banking Berhad – 2022 AIBP Enterprise Innovation Awards Winners 

Day 1 of the conference also saw us celebrating and handing the awards to the winners of the 2022 AIBP Enterprise Innovation Awards – Genting Malaysia Berhad & Malayan Banking Berhad.

The annual ASEAN Enterprise Innovation Awards was established in 2017 by AIBP, with the key objective of giving recognition to organisations which have embarked on projects to digitally transform their business through the adoption of innovative technology. The awards are held annually in the following ASEAN countries: Indonesia, Malaysia, Philippines, Thailand and Vietnam. Out of more than 180 nominations across ASEAN this year, Genting Malaysia Berhad & Malayan Banking Berhad have been selected as winners for Malaysia.

Genting Malaysia Berhad won the judges over with their Virtual Queue (VQ) solution that leverages on Artificial Intelligence (AI) capability to enable a more efficient crowd management while dynamically reducing wait time for popular rides, as well as influencing guest behaviour using gamification and incentive recommendation to diversify the crowd to other attractions; while Maybank’s Home2u was an innovative project that helps improve customer experience for property purchase, including finding property and qualifying for home-finance.

Presenting the enterprises with their plaques and winner’s certificates was YB Dato’ Sri Dr. Adam Bin Baba, Minister of Science, Technology and Innovation, Ministry of Science, Technology & Innovation (MOSTI).

Stay tuned as we continue the discussions on transformation in the banking, retail and smart cities in Malaysia.

We will also be hosting AIBP Conference and Exhibition in:  

  • Jakarta, Indonesia (1 – 2 Nov)
  • Manila, Philippines (15 – 16 Nov)
  • Bangkok, Thailand (29 – 30 Nov)

Contact us at [email protected] if you are interested!

AIBP

17 Oct 2022