Afternoon Highlight (08/02//13/23/721) PIKOM targets ICT revenue of RM95b by 2017 on 10% growth

PIKOM targets ICT revenue of RM95b by 2017 on 10% growth

The National Information and Communications Technology (ICT) Association of Malaysia, or PIKOM, aims to grow the industry’s revenue to RM95 billion by 2017 with its new “5-year strategic direction”.

Supported by six key thrusts, PIKOM expects the industry’s compound annual growth rate (CAGR) to grow steadily by 10% over the next five years.

“The strategic direction and key thrusts are aimed at providing greater value to members, addressing the human capital issues we face as an industry, creating and growing the demand for ICT products and services domestically while increasing our competitiveness with the end game of creating world class ICT players,” said PIKOM chairman Woon Tai Hai during his speech at the association’s announcement of its five-year strategic direction in Petaling Jaya yesterday.

The key thrusts include globalising the country’s ICT industry, increasing competitiveness, promoting human capital development, leading the digital trend, enhancing value to the association’s members and accelerating growth of Malaysian ICT demand.

By order of priority, the first would be to enhance value to PIKOM’s members, followed by promoting human capital development, and third is to increase competitiveness of the ICT industry, according to PIKOM chief executive officer Shaifubahrim Salleh, who was also present at the event.

Shaifubahrim added that PIKOM will “plant seeds” for the remaining three thrusts.

Last year, the national ICT revenue stood at RM57 billion while this year’s projection is expected to be around RM62 billion, according to a study by PIKOM.

Source: The Malaysian Reserve

Date : 8 February 2013