Delivering 50 new features in one month to enhance mobile banking app.
The month of September marks the second Malaysia Day since the global pandemic swept across the world. As the country continues its fight against the pandemic, now, more than ever, is a time for us to celebrate unity and our collective strength as Malaysians.
The pandemic forced society to face technological change, not something that we were prepared for – a McKinsey & Company study found on average, seven years’ worth of digitalisation was condensed in a matter of months. This unprecedented rate of digitalisation is causing displacements across society and industries.
This also resulted in a radically shifting job landscape. The Future of Jobs Report 2020 by the World Economic Forum indicated that COVID-19 has greatly accelerated the digitalisation of work processes, necessitating upskilling and reskilling employees to adapt to market demands.
Mahadhir Aziz CEO at MDEC said the country must be united to take on the challenges and to address it as a united family. The family requires everyone to contribute to its wellbeing. It requires the country to be united on the digital front, with the independence to define digital destiny and sovereignty. This is the time for Malaysians to be Digitally United.
For Malaysia to flourish in the digital age, it needs a digital ecosystem that is healthy and balanced. An ecosystem is not just made from a select few entities. Similarly, in the tech space, it is not just innovators and creators, but the presence of enablers and supporters that complete the equation. It is also about the users – the people that are impacted by technology.
Each entity in an ecosystem relies on each other to thrive and survive. As such, it needs an ecosystem that is not only technologically advanced, but an inclusive one. Digital advancements cannot just be progress for progress’ sake. There needs to be solutions – to bridge gaps and democratise access.
An inclusive ecosystem is one that communicates and collaborates. We can no longer be an ecosystem consisting of silos. Further digital disruptions can only be tackled together, by the government, agencies, corporates and the rakyat, as one united family, as Keluarga Malaysia.
It is important for Malaysia to rally behind a common goal. The Malaysia Digital Economy Blueprint (MyDIGITAL) and the Shared Prosperity Vision 2030 introduced by the Malaysian Government provide clear directions we can aspire towards, while the JENDELA plan to widen and improve quality connectivity forms the infrastructural backbone that we can build and innovate upon.
Over the past years, Malaysia Digital Economy Corporation (MDEC) has run several campaigns and initiatives aimed at helping Malaysians navigate disruptions and overcome the challenges by digital approach. They are also testaments to how public-private collaborations can lead to an encompassing and inclusive outcome.
Succeeding in a new and fast digitalising world requires new strategies. We launched the #SayaDigital campaign to provide digital skills and increase incomes for both the rakyat and businesses. This includes Mydigitalworkforce Work in Tech (MYWiT), an initiative to upskill and subsidise talents and businesses with RM100 million in digital skills training and salary incentives. Through this, more than 300 companies within the tech sector are expected to benefit from the programme, while an estimated 6,000 job opportunities will be created.
It has also introduced the Go-eCommerce Onboarding and Shop Malaysia Online (SMO) campaigns, to help Malaysian businesses in various sectors to onboard onto eCommerce and ePayment platforms to enhance their capabilities as part of the 2021 National Budget.
The initiative sees the Malaysian Government injecting RM200 million in subsidies, incentives, discounts, and rebates to benefit 300,000 local businesses and help generate over 10 million transactions in aid of economic recovery.
With its Heart of Digital ASEAN campaign, we aim to raise local startup champions and to provide the best possible investment hub for investors to land and expand into Malaysia and ASEAN. With this, we are poised to uphold digital sovereignty for the nation, and to establish Malaysia as truly the Heart of Digital ASEAN.
These initiatives help feed into a healthy, sustainable digital ecosystem. But it is not something that MDEC could achieve on its own nor do we want to – it is a collaborative effort, upheld by all stakeholders, united, towards the common goal of shared prosperity and economic recovery.