‘Cloud-First’ strategy to boost digital economy - Najib

PUTRAJAYA: The government will introduce the "Cloud-First" strategy to the national agenda to accelerate the digital economy.

Prime Minister Datuk Seri Najib Abdul Razak said the initiative is targeted at key communities such as youths, B40, SMEs and digital entrepreneurs.

"We acknowledge that the greatest investment in this new age of industry will, as ever, be in the people.

"We have seen how cloud is fundamental to an organisation's digital transformation, and the Cloud First strategy will start first with the public sector," Najib said at the closing of the 29th
Multimedia Super Corridor (MSC) Malaysia Implementation Meeting held at his office here today.

The Cloud First strategy is defined as a method of faster delivery of information technology services like data sharing and online transactions in which resources are retrieved from the Internet through web-based tools and applications, as opposed to a direct connection to a server.

Najib said the adaptation of Cloud will enable the government to rapidly deliver innovative public sector services to the rakyat without incurring high levels of capital expenditure to invest in the IT infrastructure such as data centres, services and storage.

He added the initiative will enable the government to allocate more resources for more 'impactful' programs for the rakyat.

"With this strategy in place, it is without a doubt that the government is taking the lead in embracing digital transformation.

"The government can also facilitate the adoption of Cloud by the private sector," he said.

Najib added regulators also are encouraged to accelerate the publishing of progressive guidelines for regulated industries such as the banking and financial services, healthcare and telecommunications.

Meanwhile, the sidelines of the meeting saw Mountain Partners, a Swiss-headquartered company builder, setting up a US$100 million (RM422.35 million) investment fund in Malaysia and Southeast Asia.

The set up of its operations hub in Malaysia will see the company helping more than 15 of their global portfolio companies expand into Malaysia.

This will see a creation of 400 job opportunities, including more than 50 top C-suite talent roles.

Private equity firm Leonie Hill Capital and Japan-based IP Bridge will see Malaysia as the home ground for their venture building initiative that will invest and nurture Malaysia innovative Intellectual

Property-based tech start-ups, particularly in the Internet of Things, sensor and wearable technology, agri-technology as well as food technology.