KUALA LUMPUR, 12 September 2019 – Malaysian businesses must act fast to embrace digital transformation now as the speed of digital disruption is accelerating exponentially. This call was made by the panelist of the thought leadership forum, hosted by Altair Engineering Sdn Bhd (Altair) in conjunction to its Altair Technology Conference 2019.
Over 100 delegates attending the thought leadership event, comprising industry experts and academia, also concurred on the need to get rid of the complacency and to press ahead with digital transformation, in order to compete and succeed in the new digital economy. The delegates also recognised that Digital Transformation has a far-reaching impact on nation building.
The panel comprised of Tan Beng Teong, Executive Director from Selangor Human Resources Development Centre (SHRDC); Associate Professor Ir Jafreezal Jaafar, Head of Universiti Teknologi Petronas’ Computer and Information Sciences Department; Siobhan Das, Executive Director from American Chamber of Commerce in Malaysia; Andrew Staples, Director from The Economist; Sihmirmo Adi, President and Director of Telkomsigma, Indonesia; Stefan Aman, Technical Director from CV Laksana, Indonesia and Nelson Dias, Chief Revenue Officer from Altair Inc.
“As ‘Industry 4.0’ gains momentum, the move towards digitalisation seem inevitable now. Local businesses must move fast enough in digitalising their businesses or they may find it difficult to reconcile with the digital economy. They should be thinking about how to embed digital technologies to engage in higher-value and innovation based activities, deciding on what processes to automate, and how these changes will impact their customer experiences.”
Srirangam Srirangarajan, Altair’s Managing Director for Malaysia
Srirangarajan highlighted that digital transformation will be the game changer in making businesses more agile to keep up with the rapid changes brought about by disruptive technologies.
According to Altair, digital transformation expands beyond adopting new technologies such as artificial intelligence, big data analytics, robotics and automation. It requires a cultural and mindsets shift in stepping up talent reskilling and upskilling programme, stressing that the availability of skilled manpower will provide the necessary impetuous to the adoption of digital transformation.
Running for the 10th year, the accompanying Altair Technology Conference topics explored broad technology trends including simulation-driven design, IoT, digital twin and big data. Themed “Digital Transformation”, the 2019 Altair Technology Conference featured knowledge and technical sharing sessions from industry experts along with academicians and companies who address the IT opportunities and challenges related to ‘Industry 4.0’ and digital transformation.
The two-day Altair Technology Conference was well attended by more than 400 engineers, industrial design and technical managers, IT practitioners, government officials, academics and customers.
The keynote speakers were Mr Tan Beng Teong who commented on talent management in the Industry 4.0 era, and Mr So Natori, Nissan Motor’s General Manager for Integrated CAE and PLM Department Customer Performance and CAE/Test Engineering Division, shared the company’s digital engineering journey.