The MyDIGITAL initiative, which comes under the National Digital Economy Blueprint, is set to further grow Malaysia’s digital economy into a strategic economic engine of growth, said SAP Malaysia managing director Hong Kok Cheong in a statement.
Hong commended the Malaysian government for this “breakthrough yet realistic digital vision which would enhance the economy while improving the quality of living amongst Malaysians”.
MyDIGITAL is anticipated to contribute 22.6% of Malaysia’s gross domestic product (GDP), while creating 500,000 new jobs.
“Fourth Industrial Revolution (4IR) readiness is an important priority for businesses to embrace cutting-edge digital cloud technologies to realise productivity and efficiency gains,” said Hong.
“It will further accelerate the transformation of local businesses, including small medium enterprises (SMEs) into becoming ‘intelligent enterprises’, which in turn empowers them to deliver superior experiences that drive success in the new economy.”
At its end, SAP said it would continue supporting nation-building efforts especially aligned with the government’s blueprint of improving citizen services, accelerating government efficiencies, and transforming businesses.
“SAP has a clear intelligent framework called ‘RISE with SAP’ that outlines what’s needed to provide, protect and prosper in today’s digital society,” said Hong.
He described RISE with SAP as “our approach to pave your way to run as an intelligent enterprise with SAP S/4HANA Cloud, connectivity to SAP Business Network, access to the SAP Business Technology Platform, and a selection of industry cloud solutions all wrapped up in a single package with business process insights and technical migration tools”.
“The benefits you can expect include significantly lower total cost of ownership (TCO), more innovation for your business, more speed and agility, and seamless collaboration with suppliers, customers, and service providers,” added Hong.
As digital transformation has become mission-critical, more companies are choosing to run enterprise computing in the cloud.
“While many SMEs have already taken this step, it’s a journey for large enterprises running multiple enterprise resource planning (ERP) systems and a wide range of additional enterprise applications,” said Hong.
With ‘RISE with SAP’, customers get everything they need to simplify their transformation journeys all in one bundle and without high upfront investments.
“SAP will work with customers to manage their entire business transformation process, including service-level agreements, operations, and dealing with any issues that may arise,” assured Hong.
RISE with SAP is essentially business transformation as a service to motivate, accelerate, and simplify the transition to the intelligent suite and SAP Business Network.
Transformation is more than a technical migration, according to Hong.
“It requires a redesign of business processes, and new technologies that unlock new ways of running the business and staying ahead of competitors.
“That’s where our industry value advisors come in to develop a joint vision of the future and guide customers on their transformation journeys to achieve maximum business outcomes using this ‘vision-to-value’ method,” explained Hong.
This method is supported by a tool set with industry best practices, benchmarking, and value management tools.
“Our business process intelligence tools offer insights and a common language to design core business processes of the future. In other words, RISE with SAP offers customers a holistic on-your-terms and on-your-timeline transformation into an intelligent enterprise all in one place,” said Hong.
With SAP being at the forefront of 25 various industries worldwide, Hong said that SAP can help local businesses – especially SMEs learn from larger enterprises such as making their supply chain process shorter and more effective.
“SAP is committed to supporting every customer to become a best-run business. Together, we help the world run better and improve people’s lives,” concluded Hong.
SAP invites you to join us for a fun, interactive and hands-on simulation that lets you and your team run on a live SAP S/4HANA system experience. Register here at bit.ly/mysaperpsim.
SAP was a Gold Sponsor of the StarBiz Summit on 25 & 26 November 2021, held in conjunction with Star Media Group’s 50th anniversary. Hong spoke at the Digital SME Biz-Con Breakout Track on Day Two.
To rewatch his session, visit bit.ly/starbiz-sap.