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Tech sector nabs modest piece of pie in Budget

Tech sector nabs modest piece of pie in Budget

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During the tabling of Budget 2020, the Government announced various incentives towards developing Malaysia’s digital economy and supporting the nation’s transition into Industrial Revolution 4.0. Among the incentives announced is a 5G Ecosystem Development Grant worth RM50 million, and a RM25 million allocation to spur more pilot projects related to emerging technologies such as : artificial intelligence, blockchain, and autonomous vehicles that leverage on the fibre optics and 5G infrastructure.

According to Alvin Gan, Head of IT-enabled Transformation Practice at KPMG in Malaysia, KPMG’s view is that 5G implementation is industry-neutral and can be deployed in many ecosystem environments such as manufacturing plants and healthcare facilities. In these environments, 5G can deliver private, secure and reliable communications, massive communications, real-time data transmission, and enhanced tracking of assets.

“5G’s benefit of improved connectivity would also mean we will quicken the momentum to bigger concepts like smart cities and digital government. I believe that 5G offers a significant opportunity to greatly improve the rakyat and country as a whole that will have a profound impact in the future of Malaysia. I am cautiously optimistic with the Government’s move to take the lead in 5G, but I think it must be acknowledged that this is only the first step out of many more that needs to be taken,” said Alvin.
 

Click here to read the full article on The Borneo Post Online

Tech sector nabs modest piece of pie in Budget

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