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Harnessing the Power of Technology: Building a Strong Digital Economy for Malaysia’s Future

Nurlin Salleh Hanno Stegmann Ching Fong Ong Yung Shen Ow Tauseef Charanya Raja Segaran Allan Cheah Wei Ming Mohamad Azam bin Wan Hashim

Malaysia’s digital economy has grown rapidly over recent years, accelerated by the COVID-19 pandemic which pushed businesses to shift to digital modes of operation. For this digital growth to continue, it’s critical that the right adapters are in place for the country to plug into this substantial value-generating opportunity.

BCG and Malaysia Digital Economy Corporation (MDEC) have undertaken detailed analysis of this evolving ecosystem, backed by an in-depth survey of businesses across Malaysia. Anchored by two proprietary frameworks – MDEC’s Business Digital Adoption Index (BDAI) and BCG’s ‘Build for the Future’ (BFF) framework – our joint report examines where local companies currently stand in terms of digital transformation, key drivers of change, and challenges to overcome.