The partnership between SME Corp. Malaysia and Huawei Technologies (M) Sdn. Bhd. had come up with a Whitepaper, titled “Accelerating Malaysian Digital SMEs: Escaping the Computerisation Trap”, that highlights the challenges being faced by SMEs in order to be completely ‘digitalised’. With Government and private sectors assistance, the Whitepaper proposes the way forward to help SMEs cross the ‘digitalisation chasm’ and to uncover their full digital strength.
SMEs in Malaysia represent 98.5% of all establishments which contributes to 37.1% of the Malaysia gross domestic product (GDP) and 66% of employment in 2017. Unfortunately, the SMEs are caught in a computerisation trap, with just having a computer and an internet connectivity alone, and not realising that they have stopped short of greater productivity gains and sales growth from investing further.
In order to be truly digitalised and to support their digital transformation, SMEs are required to re-engineer their businesses by ensuring that their business strategies, processes, and infrastructures are aligned and are fully integrated.
According to YB Datuk Wira Dr. Mohd Hatta Ramli, Deputy Minister of Entrepreneurship Development, “Digitalisation has made the world more connected and accessible through a more cost-effective way. Businesses, particularly the SMEs can now reach to new customers and international markets with relative ease through e-Commerce, mobile commerce and social media platforms. Full digitalisation of commerce could lead to as high as six-fold increase in the number of businesses that export goods”.
In November 2017, after the exchange of the Memorandum of Understanding between Huawei Technologies and SME Corp. Malaysia, both teams have continued their efforts to pave the development journey of Malaysian SMEs. These initiatives include building an incubation laboratory program that promotes innovation, workshops on digitalisation, Talent Program to enhance skills on digital competency amongst others.
Whitepaper Launch (L-R) Mr Noor Azmi Mat Said, CEO SME Corp Malaysia, YB Datuk Wira Dr.Mohd Hatta Ramli, YBhg Dato Sri Syed Hussein Al Habshee, Mr Baker Zhou Xin, CEO Huawei Malaysia
Huawei projects in the future for every $1 spent on ICT, the return of investment will be $5
Panel session on the findings of digitalisation of Malaysia SMEs. A collaborative research by SME Corp and Huawei Technologies