14 FeatUre MDEC to Forge Ahead Digital Malaysia Datuk Yasmin Mahmood CEO of MDEC by Dato Yasmin Mahmood MDEC the mandate to drive Malaysia s digital economy in a more holistic manner What are the challenges faced by MDEC in transforming Malaysia into a knowledge economy country In a world where innovation is so fast paced and where change is the only constant Malaysia needs to be continuously focused so that we continue to be leading in key areas of enabling fundamentals We ve made significant strides in access over the years with HSBB high speed broadband Currently internet penetration stands at 68 6 of population However Malaysia still needs to catch up on speed and affordability According to a report circulated at the WEF the average global download speed is 23Mbps with developed countries at 100Mbps upwards Malaysia s average DL speed is at 7 3Mbps Optimising the regulatory framework to optimise both access and speed is where you have to strike the right balance It s very important that we get this execution right Just as important is investing in our young talent The opportunities from the 4IR is about creating value for social economic impact It s been said that this would require those who dream the important dreams Hence it s about creating a Society of Dreamers and Do ers The third thing we have to do apart from the fundamentals human capital investments concerns the ecosystem One of the most critical ecosystems that we are putting our focus on is the dance floor The BDA dance floor is one of the most important and is really anchored around talent development data scientists data modellers and analysts Q 2020 is just about three years away and MSC Malaysia plays an important role as the information and communications technology ICT catalyst to help Malaysia in attaining the developed nation status by 2020 The Malaysia Digital Economy Corporation MDEC was incorporated in 1996 to oversee the development of MSC Malaysia How far away are we from realizing this very major milestone What are MDEC s areas of focus interest at the moment For a start the digital economy is not simply an aspect of the real economy It is one of the key underlying aspects of the real economy that acts as both driver and catalyst This it achieves through the leverage of technology which cuts across all industries products and services When MSC Malaysia was first established in 1996 the primary focus was to spur the development of Malaysia s ICT information communications and technology sector Back then in 1996 the Internet had yet to fully take off and mobile phones were considered a luxury Fast forward to today and the world has evolved to embrace the digital economy whereby the rules have changed and continue to do so at lightning speed With such changing circumstances the Digital Malaysia national agenda was conceived to draw upon the huge opportunities created by the digital world to harness the country s ICT capabilities Q According to an article of yours published in The Star on 5 March 2016 you mentioned that in 2011 beyond attracting investments and growing local MSC companies MDEC was given Dato Yasmin Mahmood started her involvement in the IT industry when she was studying With a double major in Computer Science and Mathematics she started her career as an analyst programmer with a local bank She moved on to become the General Manager of Hewlett Packard Malaysia s Commercial Channels Organisation and then the General Manager and Regional Corporate Director of Dell Malaysia Before she was offered the role as the CEO of MDEC Malaysia Digital Economy Corporation she was the Managing Director of Microsoft Malaysia Dato Yasmin shared her views on the topic of MDEC s role to flourish Malaysia s IT Industry in a recent interview with MGCC

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