The Role of Digital Technologies in Accelerating Malaysia's Economic Agenda

Abstract

The global economy is undergoing a paradigm shift driven by the rapid adoption of emerging technologies such as artificial intelligence (AI), blockchain, the Internet of Things (IoT), 5G, and automation. The adoption of these technologies is vital for Malaysia in driving innovation, boosting productivity, and enhancing global competitiveness in her aspiration to become a high-income nation status by 2030. Digital technologies are crucial in transforming key sectors including manufacturing, agriculture, finance, and services. This conceptual paper discusses the role of digital technologies in Malaysia's economic agenda, focusing on their potential to enhance productivity, innovation, and competitiveness. Discussion is focused on how digital technologies are being integrated into Malaysia's economic sectors, their impacts, and the policy frameworks for widespread adoption. In addition, challenges such as digital inclusion, workforce readiness, and cybersecurity concerns are also discussed.