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.
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.
- Value creation is the sustainable business model for IoT industry to scale up
- Business objective drives your IoT direction and not vice versa
- 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
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 [email protected].
24 April 2019