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Six keys to propel Malaysian ICT to US$30B by 2017

AvantiKumar | Feb. 14, 2013
This plan will help Malaysia achieve a 'developed nation status by 2020', adds PIKOM.

PIKOM CNY 2013 modified

Photo - PIKOM celebrates Chinese New Year: (front centre, in suits, from left)  Shaifubahrim Saleh, President, PIKOM; and Woon Tai Hai, PIKOM Chairman.


The National ICT Association of Malaysia, PIKOM, lists six key thrusts, which will increase the national ICT industry by 10 percent each year, and achieve RM95 billion (US$30.7 billion) by 2017.

During the announcement of the new 'Five Year Strategic Direction for 2013-2017,' PIKOM chairman Woon Tai Hai said strategy is aimed at growing the Malaysian ICT industry to RM95 billion [US$30.7 billion] by 2017 from the base of RM57 billion [US$18.43 billion] in 2012.

"The new Five Year Strategic Direction is timely as the nation pushes towards a develop nation status by 2020. ICT will play a critical enabler in a knowledge-based society", said Woon.

He said the six key thrusts that will drive the major initiatives of PIKOM.

- Globalise the Malaysian ICT industry;
- Increase competitiveness of the ICT industry;
- Promote human capital development;
- Lead the digital trend
- Enhance value to members
- Accelerate growth of Malaysian ICT demand

"The strategic direction and key thrusts are aimed at providing greater value to members, addressing the human capital issues we face as an industry, creating and growing the demand for ICT products and services domestically while increasing our competitiveness with the end game of creating world class ICT players," said Woon.

"From these key thrusts, major initiatives have been identified with targets at the end of the five years, which will form the tactical approach. These will cascade to the annual activities and KPIs [key performance indicators] that will form the base of the operational plan," he said. "The 'Strategic Direction' will be our guiding path for the next five years, which is in line with our purpose and passion of championing and realising the digital opportunity."


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