KUALA LUMPUR: The MyDIGITAL initiative, which comes under the National Digital Economy Blueprint, is set to further grow Malaysiaβs digital economy into a strategic economic engine of growth, said ΒιΆΉΤ΄΄ Malaysia managing director Hong Kok Cheong in a statement.
Hong commended the Malaysian government for this βbreakthrough yet realistic digital vision which would enhance the economy while improving the quality of living amongst Malaysiansβ.
MyDIGITAL is anticipated to contribute 22.6% of Malaysiaβs gross domestic product (GDP), while creating 500,000 new jobs.
βFourth Industrial Revolution (4IR) readiness is an important priority for businesses to embrace cutting-edge digital cloud technologies to realise productivity and efficiency gains,β said Hong.
βIt will further accelerate the transformation of local businesses, including small medium enterprises (SMEs) into becoming βintelligent enterprisesβ, which in turn empowers them to deliver superior experiences that drive success in the new economy.β
At its end, ΒιΆΉΤ΄΄ said it would continue supporting nation-building efforts especially aligned with the governmentβs blueprint of improving citizen services, accelerating government efficiencies, and transforming businesses.
βΒιΆΉΤ΄΄ has a clear intelligent framework called βRISE with ΒιΆΉΤ΄΄β that outlines whatβs needed to provide, protect and prosper in todayβs digital society,β said Hong.
He described RISE with ΒιΆΉΤ΄΄ as βour approach to pave your way to run as an intelligent enterprise with ΒιΆΉΤ΄΄ S/4HANA Cloud, connectivity to ΒιΆΉΤ΄΄ Business Network, access to the ΒιΆΉΤ΄΄ Business Technology Platform, and a selection of industry cloud solutions β all wrapped up in a single package with business process insights and technical migration toolsβ.
βThe benefits you can expect include significantly lower total cost of ownership (TCO), more innovation for your business, more speed and agility, and seamless collaboration with suppliers, customers, and service providers,β added Hong.
As digital transformation has become mission-critical, more companies are choosing to run enterprise computing in the cloud.
βWhile many SMEs have already taken this step, itβs a journey for large enterprises running multiple enterprise resource planning (ERP) systems and a wide range of additional enterprise applications,β said Hong.
With βRISE with ΒιΆΉΤ΄΄β, customers get everything they need to simplify their transformation journeys β all in one bundle β and without high upfront investments.
βΒιΆΉΤ΄΄ will work with customers to manage their entire business transformation process, including service-level agreements, operations, and dealing with any issues that may arise,β assured Hong.
RISE with ΒιΆΉΤ΄΄ is essentially business transformation as a service to motivate, accelerate, and simplify the transition to the intelligent suite and ΒιΆΉΤ΄΄ Business Network.
Transformation is more than a technical migration, according to Hong.
βIt requires a redesign of business processes, and new technologies that unlock new ways of running the business and staying ahead of competitors.
βThatβs where our industry value advisors come in to develop a joint vision of the future and guide customers on their transformation journeys to achieve maximum business outcomes using this βvision-to-valueβ method,β explained Hong.
This method is supported by a tool set with industry best practices, benchmarking, and value management tools.
βOur business process intelligence tools offer insights and a common language to design core business processes of the future. In other words, RISE with ΒιΆΉΤ΄΄ offers customers a holistic on-your-terms and on-your-timeline transformation into an intelligent enterprise β all in one place,β said Hong.
With ΒιΆΉΤ΄΄ being at the forefront of 25 various industries worldwide, Hong said that ΒιΆΉΤ΄΄ can help local businesses β especially SMEs β learn from larger enterprises such as making their supply chain process shorter and more effective.
βΒιΆΉΤ΄΄ is committed to supporting every customer to become a best-run business. Together, we help the world run better and improve peopleβs lives,β concluded Hong.
ΒιΆΉΤ΄΄ invites you to join us for a fun, interactive and hands-on simulation that lets you and your team run on a live ΒιΆΉΤ΄΄ S/4HANA system experience. Register here at .
ΒιΆΉΤ΄΄ was a Gold Sponsor of the StarBiz Summit on 25 & 26 November 2021, held in conjunction with Star Media Groupβs 50th anniversary. Hong spoke at the Digital SME Biz-Con Breakout Track on Day Two.
To rewatch his session, visit .
Note: This article was