By NUR HAZIQAH A MALEK / Pic By MUHD AMIN NAHARUL

Malaysia Digital Economy Corp (MDEC) has launched the Digital Transformation Acceleration Programme (DTAP) to provide companies a structured approach to digital transformation.

DTAP is an outcome driven programme established for large and midtier companies which aims to help businesses achieve productivity gain, reduce foreign labour dependency and create a new growth source or business model.

It comprises two phases, whereby in the pilot phase, the businesses will leverage on the labs’ expertise to identify opportunities in the digital space, find solutions and implement proof of concept/minimum viable product with measurable outcomes.

Once the pilot phase is completed, businesses can apply to undergo for full scale implementation between six months and a one-year period.

MDEC CEO Datuk Yasmin Mahmood (picture) said it is imperative for businesses to embrace the changes that come with digital innovation.

“To stay competitive, Malaysian companies must rapidly adapt to the way technology is changing the rules of business and increasing efficiency. However, the digital transformation journey is not an easy road. That realisation has inspired the establ ishment of DTAP.

“Through this programme, Malaysian businesses will receive support, guidance and be part of an ecosystem that will provide a structured approach to the transformation into the digital world,” she said in a statement.

Yasmin said DTAP participants will work closely with MDEC’s Digital Transformation Labs (DTL) partners that will provide consultancy, expertise in development and execution of digital transformation pilots.

The DTL partners are Bosch Malaysia, Digital McKinsey of McKinsey & Co Inc, Deloitte Malaysia, Rainmaking Innovation and Roland Berger.

McKinsey & Co Malaysia managing partner Nimal Manuel said successful digital reinvention starts with transforming the core of the business.