In the world of rapid digital interaction, IoT gives insights on how consumers integrate technology in their daily lives, a valuable information that can be used in various ways. The growing need for internet-related products and services is driving this transition, not only globally but also here in Malaysia.
In 2015, the Ministry of Science, Innovation & Technology Malaysia launched the National IoT Strategic Roadmap, which forecasted opportunities to reach RM9.5 billion in 2020 and RM42.5 billion in 2025. This is all done to create a national ecosystem to make IoT a new source of economic growth with its industrialisation and proliferation of use.
The National IoT Strategic Roadmap outlines 3 national goals:
The 3 long-term strategies for IoT are:
MDEC has been tasked to lead the IoT industry developmental charter called IoT Malaysia. With this mandate, we have focused our efforts on key verticals that will not only increase the digital adoption and growth of IoT in Malaysia, but also digitalize the way they operate, which include Smart Manufacturing, Smart Agriculture and Smart Transportation.
Founded in 2000, ViTrox designs and manufactures innovative, leading-edge and cost-effective automated vision inspection equipment and system-on-chip embedded electronics devices for the semiconductor and electronics packaging industries.
ViTrox was converted into a public limited company in June 2014 and reached another milestone when it received numerous national and international recognitions and awards for its outstanding performance in product development and corporate performance, as well as human resource development.
Today, ViTrox is recognised as one of the leading automated machine vision inspection solution providers in the world, with an extensive customer base in over 16 countries including China, Europe and the US.
Source: Vitrox official website
In 2014, MDT Innovations became a member of the Malaysia-incorporated MDT Group of Companies. Specialising in various information technologies and consulting services, it is also a specialist in embedded intelligent wireless sensor focusing on IoT (Internet of Things).
MDT has been profitable ever since its inception and has seen tremendous growth, especially in foreign sales. With 94% of total revenues contributed by export sales as of 2014 and multiple MSC Asia Pacific ICT Awards, it is evident that MDT has a successful presence in the international IT arena.
Source: MDT official website