Editor's Note
Malaysia encourages industry players to become innovators, users, and adopters of new business models and harness human resources to thrive in the digital economy
“When digital transformation is done right, it's like a caterpillar turning into a butterfly, but when done wrong, all you have is a caterpillar.” – George Westerman
Malaysia is cruising in the driver's seat on the superhighway of digital disruption, accelerating ahead to a future-focused destination. The journey has transformed this Southeast Asian nation from analogue roots into an info oasis: Malaysians have embraced modern technology and are now speeding towards higher goals.
Currently, we can observe a huge number of Malaysian businesses, ranging from start-ups to enterprises, transforming their services and operations, resulting in more innovation, more secure data processing, and lower operating costs using Cloud service providers such as Amazon.
Going forward, the Malaysian accounting industry is also integrating its conventional procedures into the universal digital transformation by pursuing technology adoption, which is taking place in practically every crevice of a company. Artificial intelligence (AI), cybersecurity, data science, and natural language processing (NLP) are among the significant technological advances that will influence the profession.
We have to realise that something can be accomplished if we, as a society, are fully cognisant of the scale of digital transformation and its long-term impacts. Regardless of the benefits of a burgeoning e-commerce ecosystem and many others, it is critical for the government to propagate consistent knowledge and backing throughout the business community.
One efficient strategy to catapult the country to the forefront of excellent innovation and digital hub is to empower the individuals striving to get there with the appropriate actions to push them further to carry forward with the nation's objectives.
This edition of Fourth Leap, we look into how far we can go with IoT and AI, the rise of smart and green mobility, the digitalisation challenges of the accounting profession and more.
Our mission is to deliver a delightful feast of wisdom and insight from minds around the world. So, sink your teeth into thought-provoking contributions by ambitious leaders, bright scholars and innovative independent thinkers! We hope our content will ignite interesting conversations – be sure to let us know what you think!
Sritharan Vellasamy
