What is MyDIGITAL and Malaysia Digital Economy Blueprint?
MyDIGITAL initiative through the Malaysia Digital Economy Blueprint is a whole of nation approach.
On 19th February 2020, Malaysian Prime Minister Tan Sri Muhyiddin Yassin has launched MyDIGITAL, which is the Malaysia Digital Economy Blueprint.
What is MyDIGITAL?
MyDIGITAL is a national digital transformation plan. It includes ideas and plans to improve digital literacy, creates high-income jobs, makes banking and finance business easier and more organized, provides virtual educational access to our children and brings medical facilities to remote towns.
It sets out a combination of initiatives and targets across three phases of implementation until the year 2030.
Below are MyDIGITAL salient points :
- By 2025, the digital economy is expected to contribute 22.6% to the country’s GDP.
- At the same time, the plan also aims to provide 500,000 job opportunities in the digital economy.
- The government also encourages 875,000 micro, small and medium enterprises to accept the use of e-commerce.
- MyDIGITAL also serve as catalysts for 5,000 start-up companies to begin their operations in the next 5 years.
- These initiatives will be the starting point to attract new investments worth RM70 billion in the digital sector, from within and outside the country.
- The government is also targeting for the level of productivity of the economic sector to increase by 30% higher than what that has been achieved today, by 2030.
- For the public sector, all agencies will provide cashless transaction facilities as the main option by 2022.
The government has outlined 4 types of digital infrastructure to be developed under MyDIGITAL.
National Digital Network (JENDELA)
A total of RM21 billion will be invested over the next five years to strengthen the existing connectivity. This fixed line optical fibre network will cover almost 100% populated areas in stages – from 7.5 million premises by the end of 2022 to 9 million premises by the end of 2025. Based on this wider fibre optic network coverage, this country will be better prepared to switch to 5G cellular networking technology in the near future.
International Submarine Cable
A total of RM1.65 billion will be invested by several telecommunication companies to strengthen connectivity to the international submarine cable network until the year 2023. This will open up space for faster and more stable international data transfer, in turn lowering internet costs to consumers in Malaysia.
5G Implementation Nationwide
A total of RM15 billion will be invested over a period of 10 years for the implementation of 5G nationwide. This will create approximately a total of 105,000 job opportunities. This effort will be carried out by a special purpose vehicle under the Malaysian Government. This entity will then be given the appropriate spectrum to own, implement and manage the 5G infrastructure.
Cloud Service Provider (CSP)
RM12 – RM15 billion
Between RM12 billion and RM15 billion will be invested by Cloud Service Provider (CSP) companies over the next five years. The government has so far given conditional approvals to four CSP companies – Microsoft, Google, Amazon and Telekom Malaysia – to build and manage hyper-scale data centres and cloud services. This hyper-scale data centres as well as hybrid cloud services will be created to increase data storage space, thus reducing operating costs and improving analytical efficiency.
[…] added that another critical ingredient is the Malaysian Digital Economy Blueprint, or myDIGITAL, to drive the business sector to compete in the global arena by addressing both digital […]
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