Malaysia needs to invest more in infrastructure that can boost digital penetration to attract more Fortune 500 companies, as technology adaptation is seen as the key to future quality investment.
As part of the NFCP, the government will also increase connectivity in rural areas, particularly in Sabah and Sarawak. However, Wherrett said there are several segments that Malaysia needs to improve within the digital landscape in order to attract these companies to set their base here. She said based on the study, Malaysian businesses were well aware that digital upskilling was pertinent to solving this productivity puzzle.
Asked what is stopping SMEs from adapting to automation in their business model, she said most of the barriers derived from lack of knowledge on how to adapt to digital tools in their business processes.
Interesting piece of information
Presently they can't even enliven the economy and rakyat's affordability, do you think they are capable?