The digital economy is rapidly reshaping industries, and with the right strategies, Malaysia has the potential to position itself as a regional hub for digital growth. Speaking at ENGINEER & MARVEX, Ir Ts Prof Dr Tan Chee Fai, Vice President of the Institution of Engineers Malaysia, emphasised both the opportunities and challenges ahead.
Speaking at the ASEAN-China RCEP Digital Economy Roundtable at ENGINEER & MARVEX 2025, he noted that while technological advancements are driving down costs and enabling transformation, the manufacturing sector faces a significant talent gap.
“Technology advances at such a fast pace that it is difficult to keep up. Building competitiveness will take time, particularly as industries work to develop the right talent and capabilities,” he said.
To overcome these challenges, Tan stressed that companies must take a holistic approach when evaluating potential partners, understanding their strengths, weaknesses, and aligning strategies accordingly.
He added that businesses seeking to participate in the fast-expanding digital economy must commit to investing in technology and embracing change. “AI adoption may appear as a short-term step, but in reality, it is part of a continuous journey that requires foresight and persistence,” Tan noted.