In 2015, the National IoT Strategic Roadmap was rolled out by the Ministry of Science, Technology and Innovation (Mosti), with national applied R&D centre Mimos Bhd as the implementation secretariat.
The road map aimed to make Malaysia the premier regional hub for Internet of Things (IoT) development and to leverage the industrialisation of IoT as a new source of growth for the economy. According to the road map, the new industry was expected to contribute RM9.5 billion to the gross national income and create more than 14,000 highly skilled employment opportunities by 2020.
Has this been achieved? According to some industry players, it is difficult to ascertain whether those numbers have been recorded for several reasons, including the fact that IoT is a very broad area and they are unsure who is monitoring the achievements and implementation.