On 9 July 2015, Malaysia launched its National IoT Strategic Roadmap amidst much fanfare and to great promise. Minister of Science, Technology and Innovation (MOSTI) Dr Ewon Ebin said IoT implementation in Malaysia was expected to contribute RM9.5bn to the country’s Gross National Income by year 2020, and RM42.5bn by 2025. IoT was also projected to generate 14,270 high-skilled jobs by 2020.
The Strategic Roadmap aims to make Malaysia a regional IoT development hub and to create a national ecosystem for the proliferation of use and industralization of IoT as a new source of economic growth. National research and development centre Mimos Bhd was appointed implementation secretariat of the roadmap, while Cyberjaya would be a testbed for IoT implementation and developed as a model “Smart and Safe City.” Malaysia Digital Economy Corporation (MDEC) was tasked to lead the IoT industry developmental charter called IoT Malaysia.According to KPMG executive director, management consulting, Alvin Gan, the industries with the highest level of IoT adoption are manufacturing (40%), healthcare (30%), retail (8%), security (7%) and automotive (4%).
Gan said adopting IoT full-scale can be overwhelming. “There is so much technology out there To harness it, users need to know what they really want. KPMG advises clients to look at pockets of digitalization. Give it a try in a certain area, test it and harness the results. When it works, we can tackle the next one,” he said.
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