Categories: investors

MDEC names nine more digital transformation lab partners

KUALA LUMPUR, Aug 30 — Malaysia Digital Economy Corporation (MDEC) has named nine new Digital Transformation Lab (DTL) partners to empower more Malaysian businesses to go digital and strengthen the nation’s position as the region’s tech and digital hub.

The partners are ABB Malaysia, Alpha Catalyst, Ernst & Young, Fusionex, Mawea Industries, Polymath, PwC Consulting Associates, Rockwell Automation and Siemens.

MDEC in a statement today said the new additions will bring the total number of DTL partners to 14.

“As technology drives the world forward at a rapid pace, businesses in Malaysia must recognise the importance of digital transformation and the limitless benefits it can bring.

“Companies that understand digital transformation earn 26 per cent more profit than others, according to the World Economic Forum’s Digital Transformation of Industries report,” said chief operating officer, Datuk Ng Wan Peng.

Understanding the impact of the Fourth Industrial Revolution, MDEC established the Digital Transformation Acceleration Programme (DTAP) in 2018 to futureproof Malaysian companies by equipping them with the necessary tools to help kickstart their digital transformation journey.

The DTAP was also launched with two key objectives, namely to futureproof Malaysian companies by helping them enhance competitiveness, and provide a structured approach via DTL partners, while adopting emerging digital technologies.

It is an outcome-driven programme, designed to help businesses achieve their intended outcomes via digital transformation.

The DTL partners are experts who help companies identify business pain points using specific methodologies to brainstorm on new ideas, design new business models, develop new product and/or services and finally pilot the implementation plan.

They are critical part of the pilot phase, as it basically sets out the digital transformation journey.

To date, the DTL partners have conducted 23 workshops, benefiting more than 300 local companies in charting their digital transformation journey.