In a significant milestone, Datastreams has advanced Malaysia's digital transformation by forming a joint venture (JVC) with MRIC Alliance Sdn Bhd, a leading Malaysian systems integrator. This collaboration, officially launched on May 29, is set to revolutionize the country's public and industrial sectors.
The signing ceremony, attended by Datastreams CEO Young Sang Lee and MRIC Alliance representative Datuk Wizan Bin Abdul Ghani, marked the beginning of an ambitious journey towards digital innovation.
The JVC aims to bring about groundbreaking changes in various sectors. In healthcare, it will introduce personalized health services, AI-driven solutions, and improved responses to infectious diseases. The public sector will benefit from a sophisticated digital platform government, with the establishment of a data fabric, intelligent management of administrative tasks, and real-time personalized citizen services.
In addition, the telecommunications and financial sectors are poised for transformation. Plans include integrating innovative data-driven services and accelerating digital transformation through comprehensive big data solutions.
MRIC Alliance, a key player in the MSD Group, brings its expertise in smart devices and Internet of Things (IoT) technology to this venture, significantly boosting Malaysia's technological advancement.
The collaboration is built on a solid foundation of mutual understanding and shared goals, fostered by months of in-depth discussions, including four bilateral visits and continuous online meetings between the companies.
The JVC, with a capital of RM500,000 (approximately $145,000), is structured with Datastreams holding 49% and MRIC Alliance holding 51%. This split reflects their commitment to supporting the data fabric and data-driven technologies.
"We are excited to partner with MRIC in this transformative digital journey," said Datastreams CEO Young Sang Lee, "Our collaboration will combine our data-driven solutions with MRIC's deep local market knowledge to propel Malaysia into a new era of digital excellence."
MRIC Alliance representative Datuk Wizan Bin Abdul Ghani agreed, "This partnership will redefine digital transformation in Malaysia's public and industrial sectors."
