MDEC launches DataKITA initiative during MTM 2020 to turbocharge growth of Malaysia’s data driven economy

The Malaysia Digital Economy Corporation (MDEC) is launching the DataKITA initiative in conjunction with Malaysia Tech Month 2020 (MTM 2020) to catalyse a thriving national data ecosystem in Malaysia. 

The ongoing initiative will be inaugurated with DataKITA.Pulse virtual event taking place on November 21 and 22. DataKITA.Pulse is a 25-hour non-stop virtual event that will inspire digitally powered businesses on their data transformation journey by connecting them to like-minded ecosystem stakeholders and industry thought leaders.

DataKITA is preparing Malaysia for a new world order of data, one driven by disruptive Fourth Industrial Revolution (4IR) technologies that necessitate business openness and digital evolution. 

Through the initiative, MDEC will collaborate closely with enterprises and stakeholders within the nation’s data economy. They will do this to help businesses jumpstart their data transformation journey through a structured approach – leveraging data literacy, data analytics, governance, data sharing, and artificial intelligence (AI). 

“Malaysia must gear up for a world beyond the new normal. To reach the next evolutionary level of our development, we must take charge of emerging 4IR technologies that will power the digital economy. 

Through DataKITA, we are empowering digitally-skilled Malaysians, enabling digitally-powered businesses and driving investors in digital sectors to join this data-driven population, as we work together to realise our nation’s Shared Prosperity Vision 2030,” Rais Hussin Mohamed Ariff, Chairman of MDEC said.

The DataKITA initiative will raise the availability, accessibility, and usability of data in Malaysia’s society and economy via four strategic pillars: 

1. Knowledge: Promote Data Literacy 

2. Infrastructure: Foster a Data-Driven Environment 

3. Talent: Facilitate Development of Data Professionals 

4. Action: Accelerate business enterprises to be Data-Driven and AI Ready 

By fostering holistic data transformation between the Malaysian people, businesses, and the Government, DataKITA will be the key vehicle to help Malaysia grow a data-driven digital economy to become an advanced market that sets a global example in leading the data proliferation within society and the economy. 

It will also help Malaysia’s economic actors tap into the US$13 trillion revenue projected to be added by data-fuelled applications in the global economy by 2030, thereby reinforcing the nation’s position as the Heart of Digital ASEAN. 

“We want organisations to recognise the importance of data transformation and to take the first crucial step to embark on the journey, such as training, using data for decision making, investing in technology or the cloud, and setting up data roles within their organisation. 

This is what MDEC’s DataKITA initiative is all about and we are calling on Malaysia’s businesses and tech talent to embark on this data journey at our upcoming DataKITA.Pulse event,” Karl Ng, Director of Data Ecosystem Development at MDEC said.

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