IOI Corp’s MD named as Digital Transformation CEO of The Year

by BERNAMA / pic by BERNAMA

RENOWNED international research firm, International Data Corporation (IDC), has recognised IOI Corporation Bhd group managing director and chief executive Datuk Lee Yeow Chor (picture) as Malaysia’s Digital Transformation (DX) Chief Executive Officer (CEO) of the Year.

IDC said the purpose of the awards this year is to recognise enterprises and individuals as they re-imagine their business in the new normal.

“Under Lee’s leadership, IOI had successfully undertaken its business digitalisation and transformation journey to become an intelligent enterprise,” IDC said in a statement today.

Meanwhile, Lee said IOI had implemented the SAP Enterprise Resource Planning (ERP) System in its downstream resource-based manufacturing business more than 15 years ago.

“In 2018, IOI decided to implement the SAP ERP System together with the Electronic Plantation Monitoring System (ePMS) using handheld device in its oil palm plantations, which is a primary agricultural business,” he said.

He said the digital transformation programme is aimed at optimising activities across the entire value chain to maximise productivity, minimise cost and to cope with the fluidness of market conditions.

“This is a far more ambitious project, involving 107 business units across 170,000 hectares of land, and involving more than 1,200 users – many of whom are based in remote areas with unstable Internet connectivity,” he said.

Since the outbreak of the COVID-19 pandemic, the integrated and mobile-enabled platform has empowered IOI Group to operate without disruption while facilitating collaborations, even though some of its employees have had to work remotely under the Movement Control Order (MCO) restrictions.

“This digitalisation programme was conceptualised before the advent of the COVID-19 pandemic. With the pandemic, technology and digitalisation have become critical business success factors.

“Having completed this programme, IOI has become more resilient and ready to transform to the next stage of efficiency and innovativeness,” said Lee.

He said IOI is already exploring ways to further automate and systematise time-consuming manual activities by enabling Robotic Processing Automation.

“This integrated digital transformation approach has strengthened IOI’s business fundamentals and the ability to create long-term value for all stakeholders, including shareholders, employees and the communities in which it operates,” he added.