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.
© 2020 KPMG PLT, a limited liability partnership established under Malaysian law and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.