GE inks MoU with MDEC to launch Malaysia’s digital industry globally
By Digital News Asia November 3, 2016
- Collaboration aimed at growing IoT contribution to Malaysia’s digital economy
- MDEC and GE Digital will jointly identify focus areas
GE ON Nov 2 signed a Memorandum of Understanding (MoU) with Malaysia Digital Economy Corporation Sdn Bhd (MDEC) in San Ramon, California to collaborate on growing Malaysia’s Industrial Internet of Things (IoT) contribution to the country’s economy with GE Digital as a strategic anchor.
In this development, MDEC and GE Digital will jointly identify focus areas and embark on initiatives to create an industrial application developer ecosystem for the industrial internet.
This cooperation will see both entities providing expertise, manpower as well as information and support to each other on a non-exclusive basis.
The MoU will also open the door to establishing connections between other relevant technology companies under MDEC’s portfolio in addition to GE Digital’s, to pursue business opportunities in the local, regional and international markets.
Finally, this collaboration aims to transform selected Malaysian enterprises by assisting them in digitally enhancing their productivity, innovative capacity, competitiveness and potentially being part of the Predix ecosystem.
Predix is the operating system for IoT developed by GE, designed to power the digital industrial businesses that drive the global economy. By connecting industrial equipment, analysing data, and delivering real-time insights, Predix-based apps are unleashing new levels of performance on both GE and non-GE assets.
“The MoU marks a significant step for Malaysia’s digital industry. We are optimistic this collaboration will launch Malaysia as a globally-recognised digital industry player. We believe with GE Digital’s expertise and resources along with the support from MDEC, Malaysia will be able to generate continued support and buy-in from key industry stakeholders both locally and internationally,” said GE Malaysia COO Azli Mohamed.
“This strategic collaboration will provide a platform for Malaysian technology companies to realise their regional and global aspirations by connecting them with relevant opportunities and partners in various countries to expand their business. With this collaboration, we hope to further increase Malaysia’s technology export and in turn further fuel the development of a robust digital economy," MDEC CEO Yasmin Mahmood.
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