PHOTO - Sudev Bangah, Senior Research Manager, Consulting, IDC Asia Pacific.
Information and communications technology continues to be the key enabler for the Malaysian economy in 2012, according to analyst firm IDC, which presented the Malaysian aspect of its 2012 predictions for 2012.
IDC [International Data Corporation] Asia Pacific senior research manager, consulting, Sudev Bangah, mid-February 2012, said, "ICT (information and communications technology) will continue to play the transformative role for traditional economies in the country, for which it was selected in 1996. As the nation moves towards an intelligent economy, IDC notes that key transformative steps are being taken by the government and 2012 will witness the emergence of disruptive IT technologies becoming mainstream and playing a critical role in the development of Malaysia.
"ICT still presents itself as a compelling platform for many Malaysian enterprises wanting to pursue a potential cost-beneficial delivery model of products and services," said Bangah. "The smokescreen on the exact role ICT will play in the future of the Malaysian economy will blow-over in 2012, and IDC expects pockets of opportunities to emerge for both local and foreign organisations and this will shape the future of ICT."
He said Malaysia's economic growth was expected to remain 'cautiously optimistic', with IT spending forecasted to reach US$8.2 billion at the end of 2012, representing a year-on-year (YoY) growth of 10.1 percent. "The year 2012 has been heralded as a year of opportunity as well as uncertainty, causing many businesses to remain vigilant about the ever evolving landscape. While domestic consumption is expected to grow and foreign investments are poised to continue, this could change in a blink if the right chest pieces are not reserved for future movements."
IDC's annual Predictions in Malaysia draws upon the latest IDC research and a worldwide brainstorming exercise among IDC's 1000+ analysts. This was followed by an extensive regional and country review to weigh in on key industry events, user trends, vendor strategies and economic measures that promises to uniquely define the technology trends that would impact and drive the market in Malaysia for 2012.
The Top 10 ICT predictions for Malaysia
Bangah said the following are the top 10 key ICT predictions in 2012 for Malaysia, together with his comments for each prediction. "These trends are what IDC believes will have the biggest commercial impact on the Malaysian ICT market."
1. From Key Enabler to Key Innovator: The Rise of ICT Prominence in Traditional Sectors
"Today, CIOs are given more autonomy in making IT decisions that enable their businesses," he said. "With that, IDC is witnessing more organisations positioning IT spending for long-term strategic growth and value. In 2012, IDC predicts that traditional sectors will strategically utilize IT as a way to reach out to a wider target market by intensifying competition and expanding geographically."
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