This article understands the debate of big data analytics by working out its significance in south east Asia in general and in Malaysia in particular. It aims to explain the importance of big data analytics. It then moves to provide a broader understanding of big data analytics Malaysia chapter. It moves to a broader perspective of understanding the significance of big data analytics in entire southeast Asia. It proposed a way ahead in the big data analytics debate before concluding.
What is so important about big data analytics?
The importance of big data analytics can be envisaged from the following segments. Big data analytics is termed as the new currency of the capitalist economy. The reasons are simple. The erstwhile markets of infrastructure pipeline and related industries have peaked over the last century. The developed countries need investment opportunities and the developing world needs growth. But if we look at the common factor which can spur growth prospects for both the developing and the developed world, it is technology. If we refine that further, we would understand that all emerging technological startups deal in data. This means that big data is the link which can unite the developed and the developing nations when it comes to common growth prospects in the future regime.
What is the scope of big data analytics in Malaysia?
The scope of big data analytics in Malaysia is very prospective. There are two major underlying reasons for this. Firstly, Malaysia is known for incubating new startups. Given this fact, it is well known that modern startups are data startups. This means that much of their dealings and businesses are directly or indirectly linked to data. Secondly, the existing market in Malaysia is dominated by technological centers. This also highlights the need of data analytics for such companies. Thus, we can conclude by saying that big data analytics Malaysia chapter needs to be revisited by highlighting a strong potential for data analytics.
What is the significance of big data analytics in southeast Asia?
Talking about southeast Asian markets, we are aware that the ASEAN nations have recently concluded RCEP or Regional Comprehensive Economic Partnership. The relationship between data and market dynamics is already established. So, this partnership is all set to provide a major boost to data analytics companies in the region.
The way ahead
By now, we have well established a strong correlation between data analytics and the southeast Asian markets. So, this article should provide a positive outlook for an investment regime in this region.
Concluding remarks
We must say that out of all ASEAN nations, the Malaysian chapter can open a window of opportunity for all knowledge startups.
