Why Malaysia Is Opening Its Doors to Foreign ICT and IT Companies
MSC Malaysia is the national ICT initiative strongly supported by the Malaysian Government with the hope of turning the country into a fertile land of opportunities for both local and foreign ICT/IT firms.
Designated as an incubator for ICT companies by a bill passed by Malaysian legislators, MSC Malaysia has a huge task of creating a comfortable environment for a crop of foreign ICT/IT firms that will snatch up this investment and expansion opportunity.
One of the significant programs embarked upon by MSC Malaysia is the MSC Malaysia Cloud Computing which aims at encouraging both domestic and foreign SMEs to utilize cloud computing for optimum performance and better profitability. In addition to this, the Malaysia Government expects this initiative to add more high-skill technology jobs to the currently scant workforce in the country’s ICT/IT industry.
Foreign IT firms have a lot to gain from this open-door policy. Apart from enjoying the unique liberty of expanding business operations, they can also enjoy other incentives guaranteed by the MSC Malaysia Bill, which may include tax concessions.
Cloud computing is recognized as a force that can guarantee efficiency in the activities of Malaysian SMEs as well as a factor necessary for attaining sustained profitability. The initial expectations of the Malaysian Government involve making the country an ICT/ IT hub in South-East Asia which will attract foreign players to make significant impact on the Gross National Income. Only a few countries even in Asia even operate such an open-door policy.
Cloud computing’s increased efficiency is expected to help businesses in Malaysia drastically reduce the cost of running, maintaining and expanding operations. Despite widespread adoption of cloud technology leading to reduction in the size of any company’s IT personnel, such job losses will be compensated by the creation of new work through business expansion and specialization. As firms in Malaysia turn over IT infrastructure management to independent cloud service providers, they can spend more time on strategizing and developing other business areas.
As security and data-protection concerns about cloud computing subside due to improved cloud technology, businesses in Malaysia will be able to completely transfer their IT applications to the cloud for better performance and increased profitability.
As an English-speaking country, Malaysia offers the possibility of instant integration for firms and English-speaking investors coming from the US, UK, Canada and Australia. With language barriers eliminated, new entrants into the Malaysia ICT/IT industry can become quickly acclimatized to the environment.
Cloud technology is, incidentally, the most appropriate choice for Malaysian ICT/IT companies if they want to achieve their Government’s plan of having industrial activities in the country digitalized for improved business operations. Cloud computing offers unparalleled scalability, which allows firms to choose storage plans based on present or future needs. It also allows a great deal of flexibility that the current system of computing neither guarantees nor encourages. The most interesting aspect of this program is that any company can utilize cloud computing for greater efficiency, irrespective of their size or systems of operations. As time goes on, the cost of migrating one’s IT structures to the cloud will cheapen further.
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About the Guest Author:
Jerry Olasakinju, a Bachelor of Technology (B.Tech) degree holder, is a passionate researcher and writer whose interest in everything computing is unparalleled. He blogs about his literary works at http://jerryolasakinju.blogspot.jp/
