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 like to snatch up this opportunity to invest in Malaysia and expand their business operations. One of the significant programs embarked upon by MSC Malaysia is the MSC Malaysia Cloud Computing which aims at encouraging both domestic and foreign small and medium enterprises (SMEs) in utilizing cloud computing for optimum performance and better profitability. In addition to this, Malaysia Government expects this initiative to add more high-skill technology jobs to the currently scanty 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 their business operations, they can also enjoy other incentives guaranteed by the MSC Malaysia Bill, which may include tax concessions and other benefits. 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 a situation of sustained profitability. The initial expectations of the Malaysian Government are that making the country an ICT/ IT hub in South-East Asia will attract foreign players in the industry who will be able to generate jobs, promote efficiency and make significant impact on the Gross National Income through heightened economic activities. The fact is that only a few countries even in Asia operate such an open-door policy; Malaysia’s good gesture should be seen as a great chance to expand and grow, rare benefits that foreign IT firms cannot afford to miss. For increased efficiency, cloud computing is expected to help businesses in Malaysia reduce, drastically, the cost of running, maintaining and expanding their operations. Despite the fact that widespread adoption of cloud technology may definitely lead to reduction in the size of any company’s IT personnel, such a job loss will be compensated for by the creation of new ones through business expansion and specialization.  In other words, as firms in Malaysia turn over their IT infrastructure management to independent public cloud service providers, they can have enough time to strategize and develop other areas of their businesses. And, hopefully, this action will yield multiple employment opportunities which the country dearly needs in order to achieve its Digital Malaysia Initiative. As the 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 countries like the United States, United Kingdom, Canada and other English-speaking countries. Hence, once the language barrier has been eliminated, it will be possible for new entrants into Malaysia ICT/IT industry to quickly get acclimatized into 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 their storage plan based on their present or future needs. It also allows a great deal of flexibility that the current system of computing does not guarantee nor encouraged. 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 become expressly cheap.

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Our articles are written to provide you with tools and information to meet your IT and cloud solution needs. Join us on Facebook and Twitter.   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/