CYBERJAYA: Malaysia's lead agency in digital transformation, Malaysia Digital Economy Corporation (MDEC), supported by International Data Corporation (IDC) launched the Data, Analytics and Artificial Intelligence (AI) Readiness Assessment Tool.
The free assessment tool is available for enterprises and organisations to understand their asset value and know how to deploy data technology in order to optimise operational, tactical and strategic decisions to overcome challenges towards being Industrial Revolution 4.0 (4IR)-ready.
"In order to unlock the full array of benefits of 4IR, organisations need to accelerate the use of data technology. IDC, via their recent Artificial Intelligence (AI) Adoption Survey found that more than 52 per cent of Asia Pacific enterprises are still in their early stages of AI adoption.
"This assessment tool, jointly-developed with the global market intelligence firm, will greatly benefit local businesses in their journey towards being 4IR-ready in line with Malaysia Digital Economy Blueprint (MyDIGITAL)'s goal to boost economic competitiveness through digitalisation," said MDEC's CEO, Surina Shukri.
The tool's framework has been developed to help assess organisation's data, analytics and AI readiness as well as to identify strengths and areas of improvement to fully maximise organisation's capabilities.
This assessment is targeted for C-suite executives and senior leaders in business, operations and IT across all industries. Ultimately this presents itself as an opportunity for Malaysian enterprises to re-evaluate their digital strategy or risk being left behind against its competitors.
"This readiness assessment will help Malaysian enterprises to evaluate their current position and readiness to be a data driven organisation and embracing 4IR. While there has been an increase in interest around AI and analytics, it's important to assess your point of departure to demonstrate the proof of value technology brings to the organisation's business goals in the future. It was an honour to support MDEC in contributing to the development of this essential tool, and we will continue to work collaboratively with MDEC to drive the digital needle forward," said IDC ASEAN's managing director, Sudev Bangah.
The use of data technology will enable organisations to have a good understanding of their data technology adoption maturity and readiness, and to provide recommendations as a guide to address business insufficiencies (and/or identify new business opportunities) with the best match of data technology and professional services provided by MDEC's Data Technology Partners.
The assessment tool has been welcomed and lauded by key industry associations in Malaysia including the National Tech Association of Malaysia (PIKOM), Malaysian Institute of Accountants (MIA), Institute of Corporate Directors Malaysia (ICDM) and Malaysian Alliance of Corporate Directors (MACD) stating that this tool will enable their members to understand their data-driven maturity and readiness.
The simple and user-friendly assessment can be done at the organisations' convenience (can be saved and be revisited at a later time). In total, there are six dimensions for assessment--organisation, people, process, technology, data and use case. While there are only three compulsory dimensions (organisation, people and process), completing the remaining dimensions will help give the organisation an all-rounded, clearer understanding of its readiness level.
Upon completion, a personalised essential report will be generated which summarises the organisation's capabilities on each of the dimensions and reveal how the organisation can bring its data-driven readiness to the next level.
Data, Analytics and Artificial Intelligence Readiness Assessment is a service by MDEC's Data Driven Enterprise Programme which aims to provide a structured and accelerated approach in assisting business enterprises gain value from their digital transformation efforts and quickly shift towards becoming more productive, innovative and resilient.
To learn more or take the assessment, go to: www.mdec.my/dde