WITH the rapid shift towards digitalisation, especially during the recent pandemic, Malaysia is set to embark towards a digital future powered by the technology of the times.
A 3D artist impression of the Malaysia Pavilion at Expo 2020 Dubai
The Malaysian Communications and Multimedia Ministry, together with Malaysia Digital Economy Corporation (MDEC), Malaysia’s lead digital economy agency will be hosting the Malaysia Digital Economy Week at Expo 2020 Dubai.
Taking place from Jan 9 – 15, 2022 in the Malaysia Pavilion at Expo 2020 Dubai, the Digital Economy Week is set to generate RM300 million worth of potential trade and investment opportunities, as well as securing 50 business leads from across the globe.
Among the key focus areas that will be showcased during the Week is the digital ID industry.
Beginning with rolling out the world’s first electronic passport in 1998, which marks Malaysia’s major foray into the digital ID industry, Malaysia has established strong roots in the burgeoning digital ID industry.
The journey seems to be coming full circle – the Malaysia Digital Economy Blueprint (MyDIGITAL) has targeted the implementation of a National Digital Identity (NDI) and digital signatures as a trusted digital certification and verification for individuals, ensuring flexible and secure online transactions while reducing administrative costs.
At Expo 2020 Dubai, Malaysia is now ready to spread its wings and take the global market by storm.
Mahadhir: “The proliferation of FinTech also makes the digital ID market ripe for the picking – and Malaysia has local champions well-equipped to start plucking.”
Malaysia Digital Economy Corporation (MDEC) chief executive officer Mahadhir Aziz says, “Digital ID is seeing growing prominence in the wake of the Covid-19 pandemic. Public and private organisations are forced to embrace new practices for work and businesses, especially with remote work and eCommerce in mind. This necessitates new security measures, including easier authentication processes with new digital ID solutions. The proliferation of FinTech also makes the digital ID market ripe for the picking – and Malaysia has local champions well-equipped to start plucking.”
MDEC is the agency under the Ministry of Communications and Multimedia Malaysia leading Malaysia’s digital economy forward towards becoming a globally competitive digital nation and firmly establishing Malaysia as the preferred Digital Hub of ASEAN.
MDEC is hosting Digital Economy Week in the Malaysia Pavilion.
Members of the delegation to the global expo include Innov8tif Technologies - an ISO 27001:2013 certified artificial intelligence (AI) company helping businesses to widen sales funnel, speed-up processes without paper and prevent fraud.
Founded in 2011, this company has since expanded to cover South-East Asia, with clientele from all 10 Asean countries. It specialises in digital ID assurance, digital low-code process automation, and mobile biometric authentication.
Another Malaysian stalwart lending its presence at the expo is CALMS Technologies, which provides cost-effective and leading-edge smart ID solutions.
The company has grown to provide a dynamic range of integrated solutions to over 1,000 organisations from various industries and sectors in Malaysia, Indonesia, Singapore, and Thailand.
More recently, the company introduced the CALMS Temperature and Anti-Pandemic Monitoring Solution - a package of products and services to help businesses reopen during the pandemic.
Both digital ID innovators will be taking their products and services further internationally.
“Malaysia has a multitude of innovative and impactful digital ID solutions and providers that could serve the needs of many global tech companies. MDEC is privileged to be able to showcase Innov8tif and CALMS Technologies at a global stage, and thus spotlight Malaysia as a stronghold for the digital ID industry,” added Mahadhir.
“Expo 2020 Dubai will also allow MDEC to highlight the digital economy ecosystem present in Malaysia which fosters innovation and nurtures innovators such as Innov8tif and CALMS Technologies. With this, we will be able to showcase Malaysia as the digital hub of Asean that can further advance the digital ID industry.”
He added that emphasis on emerging and innovative technologies like digital ID is in line with the Twelfth Malaysia Plan (12MP) aimed at advancing Malaysia’s digital economy.
To find out more about the Digital Economy Week or participate virtually, visit www.heartofdigitalasean.my or follow MDEC on Facebook or Twitter (@mymdec).
