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aws账号(www.2km.me)_An insight on industry outlook and market forecasts

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Digital transformation: Leveraging the 4th Industrial Revolution for Malaysia’s Inclusive, Sustainable and Resilient Post-Pandemic Recovery by Joo-Ok Lee.

PETALING JAYA: In commemoration of Star Media Group’s 50th anniversary, the StarBiz Summit held on November 25 and 26 was the finale of the group’s #digitalXdata 2021 events.

The StarBiz Summit was the avenue for businesses and organisations to learn about the industry outlook and market forecasts of 2022 in various critical industry verticals, business areas and organisational functions.

Among the speakers was World Economic Forum head of regional agenda (Asia-Pacific) Joo-Ok Lee, who addressed that Covid-19 has really catalysed greater adoption and acceleration of the 4IR, and led to a wider rollout of digital transformation.

Lee highlighted a World Economic Forum’s 2021 report, jointly developed with Sea Ltd, which found that 85% of the survey respondents considered digitalisation as being a key factor towards economic recovery.

Meanwhile, the opening panel discussion was moderated by Omdia principal analyst (digital enterprise services) Adam Etherington, and the panellists included Datuk Dr Suhana Md Saleh, director of K-economy division from the Economic Planning Unit; Organisation for Economic Cooperation and Development head of South and South-East Asia Dr Alexander Böhmer, Fave Group co-founder Yeoh Chen Chow and SAP Malaysia managing director KC Hong.The Immunising Business 2022 in Digital Economy 5.0 Power Panel: (from left) Etherington who was the moderator, with Dr Suhana, Yeoh, Böhmer and Hong.

Böhmer said the Covid-19 pandemic is a chance to speed up the digital transformation of Asean industries, which are heavily reliant on labour intensive manufacturing and foreign labour.

“Industries can introduce more artificial intelligence, and automated production processes,” he said.

Dr Suhana pointed out that the digital economy also played a vital role in lessening the impact of the pandemic and also brought about a change in consumer behaviour.

According to Yeoh, Fave Group serves 40,000 small and medium enterprises (SMEs), of which 20,000 are in Malaysia, and are predominantly offline.

“We help offline businesses to solve their problems. How to make it easier, cheaper, better, and faster for smaller players to do what the big players can do,” he said.

Digital SME track

Asia-Pacific Economic Cooperation (Apec) Secretariat, Singapore executive director Tan Sri Dr Rebecca Fatima Sta Maria spoke about the winners of the Apec Digital Prosperity Award that recognises innovative digital products or applications that have the potential to increase prosperity and inclusive growth.

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