Malaysia is transforming the digital society and economy, from incorporating artificial intelligence (AI) into daily life to preparing for the opportunities of 6G.
This shift holds significant economic value, with the digital economy expected to contribute 24.4% to Malaysia’s GDP this year, amidst a forecasted economic growth of 4.2%, according to a study by local digital association, PIKOM.
Digital and internet-driven applications are crucial for future value creation globally. In Malaysia, data-intensive AI applications, collaborative business models, and the immersive internet play a pivotal role in ensuring prosperity for the future.
It’s important to acknowledge that current infrastructure may not meet the demands of future applications, emphasizing the need for low latency in Malaysia’s evolving digital economy.
The importance of latency
Latency, the time taken during data transfer, is crucial, especially in scenarios where milliseconds can make a difference. For example, in autonomous vehicles navigating Malaysian roads or in local factories where AI facilitates collaboration between humans and machines.
Reduced latency is essential for the success of immersive applications like the metaverse, where synchronization between visuals and audio is key for a natural experience.
Enhancing prosperity through reduced latency
As more devices in Malaysia exchange vast amounts of data, low latency is vital for the safety of autonomous vehicles, collaboration in local factories, and the growth of the digital economy, contributing significantly to the nation’s prosperity.
To pave the way for the next-generation internet, the current infrastructure must be upgraded to handle faster data exchanges. Collaborative efforts are needed to create a globally distributed and interconnected infrastructure with future-ready capabilities.
The correlation between reduced latency and prosperity is evident in markets like Dubai and Madrid, where reduced latency has led to economic growth and job creation.
Fostering progress together
Collaborative efforts within the industry are necessary to address technological challenges and prepare for future digital advancements in Malaysia. Investing in technological infrastructure now can ensure readiness for the upcoming era of digital progress.
With the potential for significant economic returns, particularly in emerging concepts like the metaverse, Malaysia’s digital future holds vast opportunities.
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