MDEC TO HOST AIDW 2021 TO FURTHER CATALYSE DATA TECHNOLOGY ADOPTION

KUALA LUMPUR, Oct 21  -- The Malaysia Digital Economy Corporation (MDEC) will host the Artificial Intelligence (AI) and Data Week 2021 (AIDW 2021), a curation of virtual events from Oct 25 to 29 that focus on the Internet of Things (IoT), data, and Artificial Intelligence (AI).

Chief executive officer Mahadhir Aziz said AIDW 2021 aims to catalyse data technology adoption among Malaysian business enterprises and foster data ecosystem development in the country.

He said AIDW 2021 would feature a host of talks and panel discussions by data and industry experts with the aim of fostering a thriving data and AI ecosystem, especially in terms of mindset, integration, and adoption of the IoT, data, and AI among enterprises, working professionals, government officials, and the public.

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 “AIDW 2021 serves as one of the core platforms for us to accelerate the availability, accessibility, and usability of data among the Malaysian society and the economy.

“Through successful application of data and AI, we can drive a productive, progressive, and inclusive digital economy in line with the Malaysia Digital Economy Blueprint (MyDIGITAL) and the goals of the 12th Malaysia Plan (12MP),” he said in a statement today.

 Mahadhir said Malaysia is witnessing a significant growth in data-driven adoption among organisations and businesses, which reflects an increase in data-driven spending.

He said an MDEC-commissioned study by the International Data Corporation (IDC) found that Malaysia’s big data and analytics market is set to grow from US$1.1 billion (RM4.5 billion) in 2021 to US$1.9 billion (RM7.89 billion) in 2025.

A report on the future of AI in Southeast Asia by global consulting firm Kearney noted that while AI adoption in the region is still nascent, proper application and execution of AI can add US$115 billion to the Malaysia’s gross domestic product by 2030, he added.

-- BERNAMA