Kuala Lumpur, Malaysia – Media Outreach – 19 August 2021 – More than 80 percent of Malaysian companies surveyed by CPA Australia, one of the world’s largest efficient accounting bodies, carried out a significant tech mission in the past 12 months. CPA Australia found that applied science, similar to information analysis and enterprise intelligence software programs, has provided a boon to the country’s companies.
We surveyed 725 professionals across multiple industries in Australia, Mainland China, Hong Kong, Macau, Malaysia and Singapore. Respondents were asked about their companies’ past and predictable technology usage. The findings are reported in our 2021 Business Technology Report.
We found that over the past 12 months, Malaysian companies have focused on enhancing the technical know-how of their employees, looking for options to enhance their existing knowledge, and developing long-term information or digital methods.
Brian Chung FCPA, Chairman of the CPA Australia Malaysia Division Digital Transformation Committee, noted that improving the technology deployed over the past 12 months contributed to the strong performance of many Malaysian companies in the difficult environment.
“Malaysian companies in our survey used technology to increase their operational effectiveness, cut prices and enhance buyer expertise. This can be a prudent strategy given the prevailing market conditions and can be prepared to quickly change the circumstances and wishes of the buyers and workers,” he said.
Our report shows that companies with an optimistic outlook on growth are more likely to invest in information analysis and visualization software programs, enterprise intelligence software programs, and cloud technology within the next 12 months than other companies.
We also found that most companies plan to invest in technology tools over the next 12 months, indicating a shift from value financial savings to income growth. Still, not all companies were also able to grab this option. The smaller companies in our survey cited monetary constraints as their key problem with how to drive adoption.
Chung noted that Malaysian companies have virtually several funding options to help them enter the applied sciences that major growth companies seem more likely to use.
“Malaysia authorities have been dedicated to making Malaysia a nation of entrepreneurs and innovators until the top of the last decade. For better competitiveness, small business in Malaysia should fully embrace the 5G rollout by Digital National Berhad in the next few years This can allow them to participate in upskilling initiatives to grow their companies, particularly within the applied sciences that leading performing companies are using or investing in.
He added, “Small enterprise homeowners will benefit from access to upskilling initiatives that allow them to grow their companies over the next 12 months, particularly within the applied sciences that leading performing companies are using or investing in, ” They said.
Currently, the Malaysia Digital Financial System Company (MDEC) is providing a number of initiatives to assist in the creation of digitized data such as the SME Enterprise Digitalization Grant, 100Go Digital and the Good Automation Grant.
