Take a look at why this cybercafe converted their GeForce RTX 3080 gaming PCs into cryptomining rigs!
Cybercafe Converts RTX 3080 PCs Into Cryptomining Rigs!
The COVID-19 pandemic has decimated the cybercafe industry, with many closing down and selling their gaming PCs and accessories.
However, this Vietnamese cybercafe did something different – they began converting their GeForce RTX 3080 gaming PCs into cryptomining rigs!
The Star Gaming cybercafe in Ho Chi Minh City showed how they were transforming their business due to the COVID-19 pandemic, converting their gaming PCs into cryptomining rigs.
Instead of hosting gamers, the cybercafe is now hosting a slew of new cryptomining rigs.
It is possible that they are also building completely new cryptomining rigs. In this picture, you can see that each rig holds at least eight GeForce RTX 3080 graphics cards.
How Much Money Can Each RTX 3080 Cryptomining Rig Make?
Just how much money can this cybercafe make from their RTX 3080 cryptomining rig?
Officially, GeForce RTX 3080 cards start at $699, but due to the shortage of cards, they are now selling for about $1,199 each.
So eight of them would cost approximately $9,592. Let’s call it a flat $10,000 for the whole 8-card rig, plus power supply.
The average commercial electricity rate in Vietnam is VND 2,666 per kWh (about US$0.12 per kWh). So electricity should cost about $225 per month. Let’s make that $300 per month (+33%) to account for cooling costs.
As of 21 February 2021, each GeForce RTX 3080 has a hash rate of 86.5 MH/s using the Ethash (Phoenix) algorithm, which should generate approximately 0.18100503 ETH worth US$361 every month.
So each 8-card rig should generate a net profit of US$61 per month or US$732 per year. That doesn’t sound like much, but it’s a pretty decent ROI of 7.3% per annum.
It would certainly be much better than operating a cybercafe with little to no customers due to lockdown / biosecurity measures.
In fact, their costs would be very much lower if they are converting their existing RTX 3080 gaming PCs into mining rigs, with significantly higher ROI.
This is, arguably, a better solution for cybercafes to ride out the COVID-19 pandemic, than to give up and sell out.
Take a look at this crypto-mining farm that could make $3.5 million a year using just 900 NVIDIA GeForce RTX 3060 gaming laptops!
Hundreds Of RTX Laptops Used In Crypto Mining Farms!
Not only gamers are affected by the limited supply of graphics cards in the market. So are cryptominers!
Chinese cryptominers now have to resort to buying up whatever GeForce RTX gaming laptops they can find, literally hundreds of them!
Instead of ASIC miners or GPU mining rigs, they are now powering their cryptomining operations with RTX gaming laptops!
We earlier highlighted the new trend of using RTX gaming laptops to mine cryptocurrency. It looks as this is more extensive that we first thought.
A Weibo blogger called 神鱼BTCer just shared even more pictures of RTX laptop-based mining operations, big and small.
Many appear to be pretty ghetto, placing the laptops in a kind of “tent mode” for better cooling, wherever there’s space – on tables, chairs or the floor.
But he also showed a seriously big crypto-mining farm being built using these GeForce RTX 30-series gaming laptops.
He even shared a short clip (part of the video we posted above), showing the cryptocurrency mining farm partially operational, with more being set-up.
There are 10 laptops per shelf, with each shelving unit capable of accommodating 60 laptops.
While not particularly large, this cryptocurrency mining farm has at least 15 visible shelving units, so that’s a total of 900 RTX gaming laptops when it’s fully operational.
Currently, it’s only partially complete, with about 200 or so laptops running, with many boxes of laptops left to open and setup.
How Much Money Can This RTX Laptop Mining Farm Make?
We had earlier shared about how a Bilibili content creator used an RTX 3060 laptop to mine 0.00053009 ETH while she sipped her coffee at Starbucks for 2 hours.
Based on her experience, we can guesstimate that the average GeForce RTX 3060 laptop will be able to produce :
0.000265045 ETH per hour
0.00636108 ETH per day
0.1908324 ETH per month (30 days)
2.3217942 ETH per year
Chinese electricity costs about RMB 0.545 (US$0.084) per kWh. Assuming each laptop uses about 250 watts of power (including whatever external fans they may be using), that works out to about RMB 1,200 or US$186 per year.
As of 11 February 2021, Ethereum is priced at US$1740. So here’s roughly how much this cryptocurrency mining farm would make, at that price :
100 laptops : $385,392 per year
200 laptops : $770,784 per year
300 laptops : $1,156,177 per year
400 laptops : $1,541,569 per year
500 laptops : $1,926,961 per year
600 laptops : $2,312,353 per year
700 laptops : $2,697,745 per year
800 laptops : $3,083,138 per year
900 laptops : $3,468,530 per year
So there you have it – this small cryptocurrency mining operation can potentially make almost US$ 3.5 million in a single year.
But what’s the ROI, you say?
The Chinese OEM, Hasee, offers a GeForce RTX 3060 gaming laptop with a starting price of just RMB 6,499 (approximately RM4,089 / US$1,005 / £732 / A$1,309 / S$1,340).
And the video shows that this mining operation is using the same, or similar, Hasee RTX gaming laptops.
Let’s say they paid a 20% scalper’s premium, and purchased all 900 Hasee RTX 3060 laptops for a cool US$1,085,400.
Let’s further round that up to US$1.1 million for miscellaneous costs – shelving units, lights, fans, etc. including US$500 per month for rental.
Based on those assumptions, their net profit for the 900-laptop mining farm would be US$2,368,530 per year, at current prices.
After recovering the cost of the entire mining farm ($1.1 million) in just over 3 months, everything else they make after that is pure profit (after deducting rental and electricity costs), unless they are stealing the electricity!
NTT Ltd just launched their fifth data centre in Malaysia – Cyberjaya 5 (CBJ5)!
Here is a quick look at what NTT Cyberjaya 5 offers!
NTT Launches Fifth Data Center In Malaysia – Cyberjaya 5
On 3 February 2021, NTT Ltd announced the launch of their fifth data center in Malaysia – Cyberjaya 5 (CBJ5).
Located within the NTT Cyberjaya Campus, this new 107,000 square feet data center is designed for hyperscalers and high-end enterprises in Malaysia’s growing digital economy.
CBJ5 supports 6.5 megawatts of flexible and scalable power, and boasts a Tier IV-ready, compact and modular design, with a cooling wall system that handles up to 15 kilowatts per rack.
NTT clients will have greater access to flexible, scalable and secure infrastructure in Malaysia – a regional data center hub.
“The demand for data storage and managed hosting services is expected to grow exponentially across Malaysia. This fifth data center will meet the expanding needs of organizations to reach their digital business objectives, in particular the FSI sector, as our data center complies with the Risk Management in Technology (RMiT) guideline set by Bank Negara Malaysia. We hope to play a key role in providing the vital data capacity at a high speed to keep Malaysia’s digital ecosystems and the digital economy ticking.” said Henrick Choo, CEO, NTT Ltd. in Malaysia.
NTT Cyberjaya 5 : Part Of Strategic ASEAN Hub
CBJ5 is connected to the existing Asia Submarine-cable Express (ASE) and Asia Pacific Gateway (APG) cable system, and will eventually be linked to the upcoming MIST cable system.
The MIST cable system will be available by end 2022 and it is a strategic joint venture for international submarine cables in South East Asia, with Orient Link Pte. Ltd.. It will enable NTT Ltd. to expand its offerings into India and beyond, while the ASE and APG cable systems provide global connectivity from Asia to United States.
This new expansion in Malaysia is part of NTT Global Data Centres division’s growth strategy. Malaysia is a prime data centre market in the ASEAN region, due to the abundant availability of resources, and favourable government policies.
“NTT places Asia Pacific as a tactical key region, and Malaysia – a strategic hub for the submarine cables operated by NTT such as the new MIST cable system, as well as the existing Asia Submarine-cable Express (ASE) and Asia Pacific Gateway (APG). Furthermore, CBJ5 will drive business opportunities in Asia through the upcoming MIST cable system which will link all our large-scale data centers in the region. Our continued commitment to Malaysia will help position NTT as a technologically innovative leader to address the industries of the future,” said Ryuichi Matsuo, Executive Vice President for NTT Ltd.’s Global Data Centers division.
“The pandemic also illustrated the importance of effective connectivity and reliable infrastructure to ensure business continuity. NTT’s global data center platform offers flexible, scalable and secure infrastructure along with a full-stack of customizable solutions that clients can utilize to support their digital transformation needs and maintain critical applications in a comprehensive, hybrid IT environment,” he concluded.
Find out how Honeywell has pivoted to deliver new services and products that help critical industries tackle the COVID-19 pandemic!
How Honeywell Is Helping Industries Tackle COVID-19
Honeywell have long been a solution partner for critical industries, with over 100 years of global experience in various industries.
In an exclusive roundtable session, Norm L. Gilsdorf, President of Honeywell ASEAN, detailed how the COVID-19 pandemic has created a crisis for critical industries.
On the other hand, it offered Honeywell the opportunity to showcase their expertise in creating new solutions and products to meet the new challenges.
Honeywell Products + Services That Help Industries Tackle COVID-19
Honeywell have quickly pivoted to develop these new solutions and products to help critical industries In ASEAN countries and around the world better handle the challenges of the COVID-19 pandemic.
Honeywell UV Treatment System
The Honeywell UV Treatment System is a deep ultraviolet (UVC) sanitising system for airlines that significant reduces certain viruses and bacteria on airplane cabin surfaces.
It is roughly the size of the typical airline beverage cart, with arms that extend over the top of seats, to sweep the cabin with UVC light.
The Honeywell UV Treatment System can service an aircraft cabin in less than 10 minutes for just a few dollars per flight for midsize to large airline fleets.
Currently, several major airlines in the ASEAN region are testing this system on their aircraft.
Honeywell Healthy Building Solutions
The Honeywell Healthy Building Solutions are not new, but they go a long way to help companies protect their workforce from COVID-19.
By integrated air quality, safety and security technologies, they help to improve the health of building environments, operate more cleanly and safely, and help enforce social distancing policies.
The same technologies can also be employed in other public and commercial facilities like hospitals, airports, factories, educational institutions, etc. to enhance safety and compliance.
Honeywell Remote Industrial Solutions
The Honeywell Remote Industrial Solutions are being used by customers to handle COVID-19 related constraints and maintain business continuity, while protecting employees.
This software suite, which includes Experion Remote Operations, allow for remote management as well as work-from-home abilities for employees.
Honeywell Forge Cybersecurity Suite helps customers ensure business continuity in the face of mounting cyber threats, uncertain business conditions and supply chain disruptions.
Warehouse and logistics solutions help drive the exceptional growth of e-commerce in the ASEAN region and beyond, during the pandemic. They also support cold chain services for delivering medical products, including vaccines.
Other Honeywell Solutions That Help Against COVID-19
Other Honeywell solutions that help people and industries handle COVID-19 include :
Gas and flow sensors for ventilators, oxygen concentrators and respiratory machines;
Thermorebellion, a new temperature monitoring solution that incorporates advanced, infrared imaging technology and artificial intelligence algorithms to conduct non-invasive, preliminary screening of personnel entering facilities such as airports, hospitals and plants;
ASEAN plans to keep the 5G ecosystem open to HUAWEI, to ensure a level playing field as ASEAN countries build up their 5G infrastructure. Here are the details!
ASEAN Keeps 5G Ecosystem Door Open For HUAWEI
During a courtesy visit to the HUAWEI Cyber Security Transparency Center in Brussels, Belgium, the Deputy Secretary-General for the ASEAN Economic Community (AEC), Dr. Aladdin D. Rillo said that ASEAN has to ensure a level-playing field in developing their 5G ecosystem.
“We’re very much committed to ensuring that market players like Huawei are engaged, because these private sector players are very important in terms of the ability to build the right infrastructure and develop the ecosystem,” said the Deputy Secretary-General.
“The world is very inter-connected and integrated. We have to help each other and work together towards our common goals. Any distraction from that will not be beneficial to any player,” he added.
As the digital sector in ASEAN countries is booming, cybersecurity will play a critical role in digital transformation in ASEAN, particularly in accelerating the development of 5G, AI and IoT.
“We are impressed on how Huawei carried out cyber security approaches as explained during our visit to Huawei Cyber Security Transparency Center. This further convinced us why cyber security measures are needed to optimize security in the era of the Industrial Revolution 4.0 in ASEAN,” Dr. Rillo said.
“Therefore, we continue to encourage ASEAN’s countries to strengthen the cooperation, and we also need support from private players that have proven capable of delivering reliable and leading technologies, such as Huawei, especially in building innovation-friendly ecosystem, and to answer relevant issues related to big data, data privacy and cybersecurity,” he added.
ASEAN 5G Development
The ASEAN region is currently experiencing rapid growth of the Internet, digital, social media and mobile activities with 65% Internet penetration and over 400 million Internet users.
The ASEAN Economic Community (AEC) therefore expressed its commitment to encourage member countries to accelerate their digital transformation in various sectors, to realise a digital intelligent world by 2030.
“There has been a strong emphasis on the digitalization in ASEAN. To do that, we need to have the right infrastructure,” said Dr. Rillo. “This year, under the chairmanship of Vietnam, we’re looking specifically at 5G, which is an important foundation for us to support digital transformation and market integration.”
“With ASEAN’s digital economy has surged to USD100 billion for the first time in 2019 and is expected to grow beyond USD300 billion by 2025, for governments, business, and society, digital transformation is no longer just an option, but a necessity for economic and business empowerment,” he added.
UK-based games developer and publisher Double Eleven announced on 21 January 2020, that they are opening a new game development studio in Malaysia!
Find out what this means for the Malaysian game development industry, and how YOU can join the Double Eleven team!
Double Eleven To Open First Overseas Game Studio In Malaysia!
Double Eleven is opening their first overseas game studio in Bangsar South, Kuala Lumpur. Set to open in the first quarter of 2020, this new studio will provide a full complement of development capabilities including quality assurance, art, software engineering and production.
The Double Eleven Malaysia studio will work alongside main development teams in the United Kingdom on current and next generation titles.
Join The Double Eleven Team!
Double Eleven is recruiting full-time staff in development and management positions, including a new Malaysian Studio Head. Here are the jobs currently open for application, and their requirements :
Four or more years of industry experience in a similar role
Significant management (people and project) experience
An interest in games.
Strong general knowledge of the video game production process – ideally a comprehensive end-to-end oversight from within the industry
Gamer and consumer oriented, with a deep knowledge of video games market
Relevant business degree
Experience with SCRUM or AGILE methodologies
Project management skills – initiating, managing and closing software projects.
Ability to mediate and arbitrate discussions, getting the right people in the room when needed.
Excellent communicator in both content and tone through a variety of methods; online, face to face, presentation or written.
Meticulous attention to detail and good organisational skills.
Ability to motivate and able to lead by example.
Excellent time management, multitasking skills and the ability to process complex information efficiently.
A strong interest in games or gaming technologies.
Business management experience.
Relevant degree qualification.
Programming or other technical experience.
Strong general knowledge of the video game production process – ideally a comprehensive end-to-end oversight from within the industry.
Experience working on titles or projects with live operations.
Experience with SCRUM or AGILE methodologies.
Lead Quality Assurance
Confident, thorough and articulate communicator; both written and orally
Great planning skills
Excellent self-management and organisational abilities
Second to none for attention to detail
Genuine problem solver; no problems, just opportunities
Ability to work as part of your own team
Has lead or helped to lead a QA team of at least four people, for at least one year from start to finish
Has had QA experience on at least 3 console titles
Has written and implemented test frameworks
Excellent attention to detail
Strong communication skills
Excellent self-management and organisational abilities
Aptitude to learn quickly and effectively
Ability to remain focused in a team-oriented environment
Previous Testing experience within a development environment
Skill/experience in any other area of game development and/or strong IT knowledge
Knowledge of project management software such as Hansoft, Testrail, Jira, TFS.
On 27 December 2019, Cobnb STRMS bagged the APICTA 2019 Startup Award! Here is a quick primer on the APICTA Awards, and Cobnb STRMS!
Cobnb STRMS Wins APICTA 2019 Startup Award!
Malaysia Digital Economy Corporation (MDEC) and the National Tech Association of Malaysia (PIKOM) conferred the APICTA Start-up of the Year 2019 Award to Malaysian-based startup, Cobnb, at the APICTA 2019 Awards held in Halong Bay, Vietnam.
Cobnb is a Short-Term Accommodation (STA) and property management company offering leasing and short-term management solutions. It was their Short Term Rental Management System (STRMS) that bagged the top award amongst 15 other contestants from Hong Kong, Taiwan, Thailand, China, Bangladesh and Myanmar.
Cobnb was incorporated in 2017 to optimise the property performance of their customers, leveraging workflow automation, pricing, and financial analytics.
They currently manage more than 500 properties, and their clientele includes private property owners, property developers, hotels and resort villas.
Dell Technologies just shared with us the key findings from their research that explore the future of connected living by the year 2030!
Find out how emerging technologies will transform how our lives will change by the year 2030!
Dell On The Future of Connected Living In 2030!
Dell Technologies conducted their research in partnership with the Institute for the Future (IFTF) and Vanson Bourne, surveying 1,100 business leaders across ten countries in Asia Pacific and Japan.
Let’s take a look at their key findings, and find out why they believe the future is brimming with opportunity thanks to emerging technologies.
Technological Shifts Transforming The Future By 2030
IFTF and a forum of global experts forecast that emerging technologies like edge computing, 5G, AI, Extended Reality (XR) and IoT will create these five major shifts in society :
1. Networked Reality
Over the next decade, the line between the virtual and the real will vanish. Cyberspace will become an overlay on top of our existing reality as our digital environment extends beyond televisions, smartphones and other displays.
This transformation will be driven by the deployment of 5G networks that enable high bandwidth, low-latency connections for streaming, interactive services, and multi-user media content.
2. Connected Mobility and Networked Matter
The vehicles of tomorrow will essentially be mobile computers, with the transportation system resembling packet-switched networks that power the Internet.
We will trust them to take us where we need to go in the physical world as we interact in the virtual spaces available to us wherever we are.
3. From Digital Cities to Sentient Cities
More than half of the world’s population live in urban areas. This will increase to 68% over the next three decades, according to the United Nations.
This level of growth presents both huge challenges and great opportunities for businesses, governments and citizens.
Cities will quite literally come to life through their own networked infrastructure of smart objects, self-reporting systems and AI-powered analytics.
4. Agents and Algorithms
Our 2030 future will see everyone supported by a highly personalised “operating system for living” that is able to anticipate our needs and proactively support our day-to-day activities to free up time.
Such a Life Operating System (Life OS) will be context-aware, anticipating our needs and behaving proactively.
Instead of interacting with different apps today, the intelligent agent of the future will understand what you need and liaise with various web services, other bots and networked objects to get the job done.
5. Robot with Social Lives
Within 10 years, we will have personal robots that will become our partners in life – enhancing our skills and extending our abilities.
In some cases, they will replace us, but this can mean freeing us to do the things we are good at, and enjoy.
In most cases, they can become our collaborators, helping to crowdsource innovations and accelerate progress through robot social networks.
Preparing For The Future Of Connected Living By 2030
Many businesses in APJ are already preparing for these shifts, with business leaders expressing these perceptions :
80% (82% in Malaysia) will restructure the way they spend their time by automating more tasks
70% (83% in Malaysia) welcome people partnering with machines/robots to surpass our human limitations
More than half of businesses anticipate Networked Reality becoming commonplace
– 63% (67% in Malaysia) say they welcome day-to-day immersion in virtual and augmented realities
– 62% (63% in Malaysia) say they welcome people being fitted with brain computer interfaces
These technological shifts are seismic in nature, leaving people and organisations grappling with change. Organisations that want to harness these emerging technologies will need to collect, process and make use of the data, while addressing public concerns about data privacy.
APJ business leaders are already anticipating some of these challenges :
78% (88% in Malaysia) will be more concerned about their own privacy by 2030 than they are today
74% (83% in Malaysia) consider data privacy to be a top societal-scale challenge that must be solved
49% (56% in Malaysia) would welcome self-aware machines
49% (43% in Malaysia) call for regulation and clarity on how AI is used
84% (85% in Malaysia) believe that digital transformation should be more widespread throughout their organisation
In response to the sale of counterfeit goods on their platform, Carousell introduced the Carousell Rights Owners Programme (CROP).
Find out what the Carousell Rights Owners Programme is all about, and what it means to brands and Carousell buyers and sellers!
The Carousell Rights Owners Programme (CROP)
In response to criticism that a number of sellers on their platforms were selling counterfeit goods, Carousell initiated the Carousell Rights Owners Programme (CROP) in December 2018.
Under the Carousell Rights Owners Programme (CROP), trusted brands are given the power to directly remove listings of counterfeits on Carousell with zero processing time.
CROP gives brands assurance that their rights are being protected, and Carousell users the confidence to buy and sell legitimate goods on the platform.
Why Carousell Created CROP
Carousell officially had prohibited selling counterfeit goods or replicas that violate intellectual property rights. However, prior to CROP, it required a lengthy process of flagging the item to the actual takedown by the Carousell brand protection team.
CROP drastically reduces the time needed to takedown counterfeit listings, and obviates the need for them to expand their brand protection team. In the last nine months, brands have used CROP to take down 13,000 listings.
Carousell has only allowed a selected number of brands to join CROP and access its content moderation tools. They include Nike, Grab and luxury group Kering which owns brands like Gucci, Yves Saint Laurent, Balenciaga and Bottega Veneta.
However, Carousell did not detail any recourse for sellers whose genuine items were wrongly identified as counterfeits, and taken down by CROP.
Malaysian Prime Minister Tun Dr. Mahathir Mohamad, the world’s oldest PM, just showed the world that you are never too young or too old to learn coding, when he got a lesson in coding by two 10-year old girls!
The Importance Of Learning To Code
Businesses all over the world are racing to digitally transform into intelligent organisations.
In the digital economy of the future, digital skills and STEM will become the new passport to success for the individual as well as the nation.
Here in Malaysia, the government already understands the importance of coding and STEM skills, launching the STEM4All campaign with Microsoft Malaysia.
But Coding Is Not Just For The Young…
However, while coding and STEM skills will be critical to the future of our students, they are already very important in the world place today.
The digital transformation of businesses and organisations depends on the coding skills of their employees today.
Therefore, it is also critical for the employees of today to learn how to code. Coding is not just for the young…
As World’s Oldest PM Learns Coding From Two 10 Year Old Girls!
The world’s oldest Prime Minister – Dr. Mahathir Mohamad – at 94 years and counting, recently sat down for a coding session with two 10 year old girls.
These girls, who are Microsoft Malaysia Ambassadors, are part of the new generation of children who are as comfortable coding, as they are playing with Legos.
In their exclusive coding session, Chloe Soh Ke Er and Serena Zara Taufiq taught Dr. Mahathir how to code, proving that everyone can learn to code!
“As Malaysia continues its digital transformation journey, technology plays an important role. Mobility, Cloud Computing, the Internet of Things, Artificial Intelligence (or AI), and Big Data Analytics are among the most important drivers of digital transformation.
With that, STEM needs to be democratized in order to develop Future Ready Malaysian Talent,” said Prime Minister Tun Dr. Mahathir bin Mohamad
The video was released by the Ministry of Communication and Multimedia, as part of the Malaysian government’s effort to break down barriers to STEM education and digital literacy amongst Malaysians.
Microsoft Malaysia was just announced as a top 10 tech employer in the 2018 Graduates Choice Award! Here are the full details!
Microsoft Malaysia Rated Top 10 Tech Employer In 2018
Microsoft Malaysia was just ranked as a top 10 tech employer in the 2018 Graduates Choice Award.
Organised by HRINCAMPUS and supported by various University Board Members such as Taylor’s University, Sunway University and Universiti Teknologi Malaysia, the 2018 Graduates Choice Award features more than 360 nominees in total, as nominated by Universities nationwide.
The award also received the support of the Ministry of Education, MDEC and Career Development Centre Club Malaysia (CDCC).
Undergraduates from across Malaysia were then given the opportunity to vote for their favorite graduate employer brands. With 10 winners per contesting category, and 10 contesting categories in total, only 100 brands emerged at the top and were declared as the recipients of the Graduates Choice Award.
Microsoft Malaysia’s Record As A Tech Employer
With over 44 years of experience in the industry and 25 years in Malaysia, Microsoft Malaysia has long invested in the development of talent in Malaysia, with education-linked initiatives as one of its top priorities.
Events such as the Imagine Cup, which was hosted in Kuala Lumpur in April this year, provides an avenue for Microsoft to reach out to students who are keen to dive deeper into the tech industry.
Microsoft has also partnered with educational institutions, as well as the Malaysian Ministry of Youth and Sports for the introduction of Digital ILKBS and the Ministry of Education to launch the STEM4ALL campaign.
These initiatives allow students to witness the work that is being done by Microsoft in Malaysia, inspiring them to join the company upon graduation.
The work culture in Microsoft has also evolved over the years, providing its employees with an inclusive and diverse work environment.
In a shocking report presented yesterday, The Economist Intelligence Unit revealed that family businesses in Malaysia are LEAST CONFIDENT in Southeast Asia about their future-readiness. What exactly does the report state, and what does this mean for Malaysia?
The Economist : Malaysia LEAST CONFIDENT On Future-Readiness!
At an Economist Intelligence Unit event at the Majestic Kuala Lumpur, EIU’s Corporate Network global editorial director, Andrew Staples, revealed some sobering statistics from their study of family business leaders from Southeast Asia :
Malaysian family businesses report the lowest levels of confidence in the future-readiness of their people, business environment and technology.
They are the least likely to adopt new business models, offer new products and services, and enter new markets.
Not surprisingly, they have the least confidence in their employees’ digital proficiency or development of new skills.
They also ranked very low in being prepared for technologies like data analytics, machine learning, automation and cloud computing.
Interestingly, the Economist Intelligence Unit’s report also pointed out that :
Malaysian family businesses believe that government regulations are the biggest threat to their growth over the next three years.
So they see large foreign companies and other local SMEs as their best partners for the next three years.
They are focused on leveraging those partners to drive costs down, instead of developing new products and services or to enter new markets.
The Economist, MDEC and SAP On Malaysian Family Business Future-Readiness
Now, the Economist Intelligence Unit’s study brings up some questions :
Do the results actually resonate with reality on-the-ground?
Is the low readiness due to a lack of funds, lack of opportunity, or lack of understanding about the value of digital transformation?
How can these family businesses and SMEs, in general, boost their confidence and ability to transform their businesses?
So we sat down with Andrew Staples, the EIU’s Global Editorial Director; Gopi Ganesalingam, Vice President of Enterprise Development at MDEC; and Duncan Williamson, Managing Director of SAP Malaysia, for an exclusive media briefing and Q&A session.
On the burning question of the future-readiness of Malaysian family businesses and SMEs in general, the panel identified talent retention as a key issue :
“People don’t leave companies, they leave managers. You need to put time and effort into changing the company culture, and the mindset of the managers to retain talent. People start to call you when you are recognised as a great place to work. I think there is a tremendous opportunity for us in Malaysia to address the movement of talent. More people want to come back to Malaysia now, and if we can address the challenge of making Malaysia a great place to work, the threat (of losing talent) will diminish,” said Duncan Williamson.
“The work culture is changing, the ecosystem is changing. These are helping to retain talent, and bring the talent we lost back to the country. In the last two to three years, more companies are redomiciling in Malaysia, than there are companies leaving Malaysia; and there are good talent coming back to Malaysia. It’s a good change, and it’s very positive right now,:” said Gopi Ganasalingam.
They also have some advice for businesses in Malaysia :
“Business leaders need to focus on the outcomes. The organisations that are successful are the ones that clearly define the outcomes, and hold their management team accountable for those outcomes. You can then build the technology you need to deliver those outcomes, but you have to be clear on the outcomes to start with,” advised Duncan Williamson.
“The gig economy will be a major change in the way we work, particularly for the younger generation. At MDEC, we already run a programme call eRezeki to educate Malaysians about the earning a living through the gig economy. Co-working spaces are also changing the way we work, and set-up our businesses. They will also change the way our talents are being trained, Gopi Ganasalingam pointed out.
The Asia Cybersecurity Exchange is designed to nurture the development of new cybersecurity professionals, as well as encourage and support cybersecurity entrepreneurship. Find out how the Asia Cybersecurity Exchange is going to transform Malaysia into one of the world’s major cybersecurity hubs!
The Asia Cybersecurity Exchange Initiative
Asia Cybersecurity Exchange is the brainchild of LE Global Services Sdn Bhd (LGMS), formed in partnership with the ACE Group. Its mission is to identify and nurture cybersecurity talents and entrepreneurs in Malaysia. Their ultimate aim – elevate Malaysia as a cybersecurity hub in Asia.
US$ 50 Million Startup Fund
To help nurture cybersecurity entrepreneurs, the ACE Group has also set aside a fund of US$ 50 million / RM 200 million to invest in cybersecurity startups with high growth potential. The Asia Cybersecurity Exchange will help select qualified candidates and mentor their efforts.
MDEC Cybersecurity Development Program
The Malaysia Digital Economy Corporation (MDEC) is also supporting the Asia Cybersecurity Exchange initiative with a 12-month MDEC Cybersecurity Development Program.
This will consist of a series of cybersecurity conferences, hackathons, CISO roundtables, as well as industry collaboration workshops.
Cybersecurity Training & Internships
LGMS, with the help of MDEC and the eight premier tech universities in Malaysia, aim to train as many as 240 cybersecurity specialists in the next 12 months, with the aim of expanding the program in the subsequent years.
The top students selected by their universities will be interviewed and selected by LGMS for training by top cybersecurity experts, with industry mentors to help them nurture those who want to startup their own cybersecurity endeavours.
KUALA LUMPUR, March 27, 2018 – Red Hat today announced that the Red Hat Q4FY2018 global revenue is $772 million (approx. RM2.99 billion).The Asia Pacific region (APAC), of which Malaysia is part of contributed to this earnings as 17 percent of Red Hat’s total bookings came from the APAC region.
Red Hat Q4FY2018 Global Revenue & APAC Contribution
Damien Wong, Vice President and General Manager for Red Hat Southeast Asia, Taiwan and Hong Kong (SEATH), shared that application development and emerging technologies saw an encouraging growth as it accounted for $173 million (approx. RM670 million) of the global Red Hat Q4FY2018 revenue.
Speaking on Malaysia’s journey towards advancing its Digital Economy, Damien shared that the Digital Economy is indeed critical to the country’s growth and success. In line with that, the policies and initiatives that are already in place today are encouraging the adoption of technology and fueling the country towards a more advanced and matured Digital Economy. By engaging with industry partners such as Red Hat, the transformation speed of the country’s economy can be spurred.
Apart from that, Damien also elaborated on industry trends in Malaysia and the region that are a clear reflection of the steady rate of open source adoption.
These trends include continuous innovation as businesses realize that incremental innovation is just not enough anymore; strong spending for IT as Gartner predicts that Malaysia’s IT spending is set to increase by 5.7 percent to RM65.2 billion this year (2018), compared with RM61.6 billion last year; and upward mobile adoption as it creates unique markets and business models that cater to a new generation of consumers embracing a mobile-centric world.
In Malaysia, Red Hat has been helping numerous organizations to reduce IT costs and downtime and also innovate as well as modernize legacy IT infrastructures. Some of these organizations include Suruhanjaya Syarikat Malaysia (SSM), Tenaga Nasional Berhad (TNB), CTOS Data System Sdn. Bhd. and Grab (Southeast Asia).
KUALA LUMPUR, 6 FEBRUARY – By 2021, digital transformation will add an estimated US$10 billion to Malaysia’s GDP, and increase the growth rate by 0.6% annually, according to a new business study. The research, Unlocking the Economic Impact of Digital Transformation in Asia Pacific, was produced by Microsoft in partnership with IDC Asia/Pacific.
Digital Transformation to Contribute US$10 Billion to GDP by 2021
The study predicts a dramatic acceleration in the pace of digital transformation across Asia’s economies. In 2017, about 7% of Malaysia’s GDP was derived from digital products and services created directly through the use of digital technologies, such as mobility, cloud, Internet of Things (IoT), and artificial intelligence (AI).
“Malaysia is clearly on the digital transformation fast track. Within the next four years, we expect to see approximately 45% of Malaysia’s GDP to be derived from digital products and services,” said K Raman, Managing Director of Microsoft Malaysia. “At the same time, organizations in Asia Pacific are increasingly deploying emerging technologies such as artificial intelligence as part of their digital transformation initiatives, and that will accelerate growth even further.”
The survey conducted with 1,560 business decision makers in mid and large-sized organizations across 15 economies in the region highlights the rapid impact and widespread disruption that digital transformation is having on traditional business models.
According to the research findings, business leaders expect to see more than 20% improvements in those key areas by 2020, with the biggest jump expected in customer advocacy.
Digital Leaders in Asia Pacific to Gain Lion’s Share of Economic Opportunities
The study indicates that while 85% of organizations in Malaysia are in the midst of their digital transformation journey, only 7% in the entire region can be classified as Leaders. These are organizations that have full or progressing digital transformation strategies, with at least a third of their revenue derived from digital products and services. In addition, these companies are seeing between 20 – 30% improvements in benefits across various business areas from their initiatives.
The study indicates that Leaders experience double the benefits of Followers, and these improvements will be more pronounced by 2020. Almost half of Leaders (48%) have a full digital transformation strategy in place.
“The pace of digital transformation is accelerating, and IDC expects that by 2021, at least 48% of Southeast Asia’s GDP will be derived from digital products and services, with growth in every industry driven by digitally enhanced offerings, operations and relationships. The study shows Leaders seeing double the benefits of Followers, with improvements in productivity, cost reductions, and customer advocacy. To remain competitive, organizations must establish new metrics, realign organization structures, and re-architect their technology platform,” said Daniel-Zoe Jimenez, Research Director Digital Transformation Practice Lead, IDC Asia/Pacific.
The Study identified key differences between Leaders and Followers in Asia Pacific, which contribute to the improvements tracked:
Leaders are more concerned about competitors and emergence of disruptive technologies: The digital economy has also given rise to new types of competitors, as well as emerging technologies such as AI that have contributed to the disruption of business models.
Business agility and culture of innovation are key goals: When addressing business concerns, Leaders are focused on creating a culture of agility and innovation to counter competition. Followers, on the other hand, are more focused on improving employee productivity and profitability.
Measuring digital transformation successes: Organizations across Asia Pacific are starting to adopt new key performance indicators (KPI) to better measure their digital transformation initiatives, such as effectiveness of processes, data as a capital, and customer advocacy in the form of Net Promoter Score (NPS). As organizations realize the potential of data as the new oil for the digital economy, Leaders are much more focused on leveraging data to grow revenue and productivity, and to transform business models.
Leaders are more aware of challenges in their digital transformation journeys: In addition to skills and cybersecurity threats as key challenges, Leaders have also identified the need to bolster their data capabilities through the use of advanced analytics to develop actionable insights in fast-moving markets.
Leaders are looking to invest in AI and Internet of Things: Emerging technologies such as AI (including cognitive services and robotics) and IoT are areas where Leaders are investing in for 2018. Besides these emerging technologies, Leaders are also more interested in investing in big data analytics to mine data for actionable insights than others.
Digital Transformation in Malaysia Will Ultimately Benefit Citizens
According to the business leaders surveyed, digital transformation will bring about these top benefits to society:
Potential increment to personal income through freelance and digital work
Creation of more higher value jobs
Increased educational and training opportunities
Smarter, safer and more efficient cities
Respondents in Malaysia felt that 96% of jobs will be transformed in the next three years due to digital transformation, and more than half of the jobs in the market today will be redeployed to higher value roles or reskilled to meet the needs of the digital age.
“The rise of digital transformation in Asia Pacific economies will affect the labour market where many types of jobs will evolve and change. What is encouraging is that 76% of the study’s respondents are confident that their young professionals already have future-ready skills that will help them transition to new roles. Governments and organizations should still focus on reskilling and upskilling, because continuous learning will be important in ensuring a successful workforce transformation for the digital age,” said K Raman.
In Malaysia, Microsoft has been empowering the digital transformation journey of the nation by providing cutting-edge technology to many leading organisations including primary healthcare provider, BP Healthcare. Doctor2U, its on-demand healthcare app which is built on Microsoft Azure and Microsoft Bot Framework, aims to create an entire healthcare ecosystem a single platform. The app features Doctor House Call service that brings a doctor to your doorstep within 60 minutes, video call or Live Chat with doctors, pharmacists and nutritionists for free, as well as medication delivery services, teleradiology platform and hospital information system, among others. As a result, Doctor2U has set themselves as a digital transformation leader by empowering clinicians, patients and care teams, effectively reducing delay and waiting time by 54%.
Riding the Wave of Digital Transformation
Organizations in Asia Pacific need to accelerate their digital transformation journey to reap the full benefits of their initiatives, and to address the invisible revolution brought about the mass adoption of AI. More importantly, companies need to focus on capitalizing their own data in order to gain new market insights, create new digital products and services, and monetize data through data sharing securely, and in collaboration with its ecosystem.
Microsoft recommends organizations to adopt the following strategies to become a digital transformation Leader:
Create a digital culture: An organization need to build a culture of collaboration where it is connected across business functions, and has a vibrant and mature ecosystem of customers and partners. Data can then be embraced across organization and functions, where better decisions can be made and ultimately serving the needs of customers and partners better.
Build an information ecosystem: In a digital world, organizations are capture more volumes of data internally and externally. The key to becoming a Leader is for organizations to be able to convert data into capital assets, and enable data sharing and collaboration internally and externally in an open yet trusted manner. In addition, a proper data strategy will allow businesses to start their AI initiatives to identify connections, insights and trends.
Embrace micro-revolutions: In most cases, digital transformation efforts do not start with widespread change, but a series of micro-revolutions. These are small, quick projects that deliver positive business outcomes and accrue to a bigger and bolder digital transformation initiatives.
Develop Future Ready Skills for Individuals and Organizations: Organizations today must relook at training and reskilling its workforce so that workers are equipped with future ready skill sets such as complex problem solving, critical thinking and creativity for the digital economy. More importantly, they need to rebalance the workforce to attain and attract key digital talents, as well as be open in creating a flexible work source model where they tap into skills-based marketplace. From a digital skills perspective, LinkedIn’s latest study outlines the ABCs of digital talents required for future economies in the region – artificial intelligence, big data and cloud computing. In Malaysia, the top in-demand skills are big data, software and user testing and mobile development.
The Asian Innovators Summit 2017 was just held at the Grand Hyatt in sunny Kuala Lumpur. It focused on the new Digital Economy, which has a profound effect on the way governments and businesses operate today. Let’s take a look at what SAP revealed at the Asian Innovators Summit 2017!
The Road Towards 2050 : The Digital Future In Malaysia
Terrence Yong, Managing Director of SAP Malaysia, kicked off the media briefing with his views on digital transformation in Malaysia. In particular, how Malaysia can achieve the government’s National Transformation 2050 Plan (Transformasi Nasional 2050).
Introducing SAP Leonardo
SAP also introduced their Leonardo digital innovation system, which covers everything from the Internet of Things, Machine Learning, Big Data Analytics and even Blockchain technology. It helps SAP customers create and scale new intelligent applications.
In this video, SAP (Southeast Asia) Head of Analytics, Kathleen Muller, gives an introduction to SAP Leonardo, and how it can help SAP customers innovate, integrate and scale their solutions.
The MAHB Digital Transformation with SAP
Malaysia Airports Holdings Berhad (MAHB) Chief Strategy Officer Azli Mohamed then gave us an update on MAHB’s latest initiatives to drive greater operational efficiency and productivity through digitalisation.
The SAP Innovations Tour @ The Asian Innovators Summit 2017
Finally, SAP took us on a tour of their latest digital solution showcase at the Asian Innovators Summit 2017. Amongst the things we saw were :
Kuala Lumpur, 18 January 2017 – The US-ASEAN Business Council and Deloitte today presented a new report, The Digital Economy and the Free Flow of Data: Advancing the ASEAN Economic Community, to the Malaysian government and business community. The report highlights how ASEAN Member States can advance their digital economies and the ASEAN Economic Community through pro-growth digital data management policies.
US-ASEAN Business Council: Digital Economy Report
“The digital economy plays a strategic role as a critical enabler for deepening ASEAN regional integration and as well as helping drive next generation domestic demand led growth for startups and SME’s,” said Ambassador Michael Michalak, Senior Vice President and Regional Managing Director of the US-ASEAN Business Council. “We encourage Malaysia to lead in ASEAN by supporting policies on data management that allow member economies to benefit from greater efficiency, extended reach and lower costs.”
“Regional integration and the digital economy are both big opportunities in what is one of the world’s fastest growing regions. All manner of business, from the start-up to the regional champion as well as the multinational, will benefit if the AEC framework puts the digital economy front & center. Now is the time to do so,” Jeff Pirie, AEC Leader, Deloitte Southeast Asia, added.
In Malaysia and throughout ASEAN, these policies can support modern high-tech industries, enhance the development of e-commerce, help small and medium enterprises reach customers and optimize their businesses, enable financial inclusion, and encourage foreign investment. However, governments need to consider regulatory, legal and policy issues stemming from technology, platforms and providers.
Privacy, security, intellectual property and customer protection are some of the issues that need to be addressed if countries are to benefit from the digital economy. It is also essential to ensure that it is the risk, not the actor, that is regulated. Further, inter-agency cooperation is essential if ASEAN member states are to have effective digital laws and regulations as issues cut across many different sectors.
Amol Gupte, Citi Country Officer (CCO) for Singapore and Head of ASEAN said, “Digitization of financial services has a positive impact on ASEAN integration and the economies of Southeast Asia. To maximize the full potential of digitization across the region, there is need for a supportive policy framework. Particularly crucial is the ability to move data quickly and seamlessly across borders which will benefit trade, increase innovation and support financial inclusion. Citi is committed to helping our clients benefit from the opportunities digital networks bring such as in the area of payment innovation.”
“In our increasingly interconnected world, the new trade routes are now digital and global businesses are increasingly relying on data flows to manage operations. With the recently announced Digital Free Trade Zone, Malaysia is well-positioned to harness the opportunities of the digital economy. As Microsoft works to empower every person and every organization to actively participate in the fourth industrial revolution, we recognize the importance of transparency, privacy, security and compliance in ensuring the smooth flow of data across borders, and are encouraged by our collective efforts to advance the ASEAN Digital Economy through inclusive people-centric enabling policies.” Jasmine Begum, Director, Corporate External & Legal Affairs (CELA) concurred.
The US- ASEAN Business Council and Deloitte forum was hosted at Microsoft’s office, and included a panel discussion on Malaysia’s digital economy and how the findings of the report can best be applied to support growth and innovation in Malaysia. The panelists included Claudia Chan, Regional Director, Government Affairs, Asia Pacific for Seagate; Jasmine Begum, Director, Legal, Corporate & Government Affairs, Microsoft Malaysia & New Markets; and Jeff Pirie, AEC Leader, Deloitte Southeast Asia. The panel was moderated by Ambassador Michael Michalak, Senior Vice President and Regional Managing Director of the US-ASEAN Business Council.
The report was developed by the US-ASEAN Business Council and Deloitte, with support from Cisco, Citi, Google, MasterCard, Microsoft, and Seagate.
by Damien Wong, Vice President and General Manager, Red Hat ASEAN
2016 proved to be an eventful year for Red Hat. As the world’s leading provider of open source solutions, Red Hat plays a key role in helping organizations around the world transform as open source becomes a de facto standard for innovation in IT. As a nod to the role we play, Red Hat was again named to Forbes’ list of the “World’s Most Innovative Companies” earlier this year.
Red Hat’s innovativeness was manifested in several ways this year. We advanced the company’s open hybrid cloud portfolio with key innovations in containers, OpenStack, virtualization, application development, cloud management, storage, and more. Underscoring this, we were also recently recognized as a “Leader” in Gartner’s 2016 Magic Quadrant for Full Life Cycle API Management and in The Forrester Wave Report for Hybrid Cloud Management Solutions and Mobile Infrastructure Services.
In open source, the ecosystem plays a key role in offering customers broader choice. We are pleased to share that Red Hat advanced collaboration with key industry leaders, including Ericsson, Google, and Microsoft this year.
Taking a look back, in 2016 and the year prior, we also saw local enterprises signing on for Red Hat’s Training and Certification programs to help their IT teams be well-prepared to tackle critical real-world scenarios. In addition, we also recognized a local customer, Tenaga Nasional Berhad (TNB) as the 2016 Red Hat Innovation Awards APAC winner for Malaysia. TNB was awarded for embarking on an IT transformation journey to modernize its IT environment that was previously based on proprietary UNIX systems, into a modern open source platform based on Red Hat solutions.
Aside from that, in 2016, we also witnessed many organizations in Malaysia being receptive to the idea of embarking on a digital transformation journey by using new ways of developing, delivering and integrating applications as a response to the digital disruption we are seeing across industries. Through digital transformation, organizations are meeting growing customer expectations for digital services, and moving to technology solutions – including open hybrid cloud solutions – that can help them improve business agility, flexibility and scalability.
IDC also predicts that digital transformation in Asia Pacific (excluding Japan) may attain macroeconomic scale over the next three to four years, changing the way enterprises operate and reshaping the global economy. According to IDC, by 2020 half of the A1000 (APAC 1000 enterprises) will see majority of their business depending on their ability to create digitally-enhanced products, services and experiences. 2017 is expected to be a defining year for digital transformation.
I am optimistic that in the coming year, many organizations will make moves in order to better compete in the digital economy. Knowing there is a need to transform, I believe many CIOs will develop a holistic digital strategy in the upcoming year. This should not only focus on IT infrastructure, but more so around the remodeling of their businesses to be more agile and innovative. In relation to this, open source technologies present an ideal approach in terms of flexibility, a reinvention of processes, faster innovation through ecosystem collaboration, and scalability.
Open source is fundamentally about being part of an ecosystem of IT leaders, advocates, developers, and partners who work together to build the future of IT. We believe that businesses in Malaysia will continue to see Red Hat as an enabler – delivering the speed, flexibility, and innovation that they need in order to thrive in the age of the customer.