KUALA LUMPUR – FAVORIOT has pledged to support MDEC’s initiative, the “Platform for Real Industry Driven Project Exchange” (PRIDE) program when both parties signed a Memorandum of Understanding (MoU) in June 2018. FAVORIOT will participate as a partner focusing on various engagements such as participation as an industry speaker, providing internship and job placement opportunities; and contributing to university curriculum review as the subject matter expert in the area of Internet of Things (IoT) and Fourth Industrial revolution (4IR), among many other engagements.
Dr. Mazlan Abbas, CEO, and Co-Founder of FAVORIOT has been frequently invited to give on IoT and 4IR in the Universities. He said, “If Malaysia wants to be at the forefront of 4th Industrial Revolution, we need to change our mindset and take the front seat, to become the doers, leaders, risk takers and champion the digital transformation – in both areas of supply and demand. We need 100K IoT/4IR professionals by 2020? Can we achieve this by 2020? That’s the challenge facing the industry now and we hoped the Universities are able to quickly churn out new high-quality talents fast”.
FAVORIOT is a Malaysian IoT Startup that focuses on providing a peace of mind solution called Raqib for the pilgrims and their family members during performing their Hajj. Favoriot also offers a senior care solution called Favorwatch to monitor the elderly’s health, safety, and location. Both solutions above comprised of Smart Wearables connected to Favoriot IoT middleware. The middleware also being used by more than 20 organizations to build their own IoT solutions.
Malaysia Digital Economy Corporation or MDEC (formerly known as Multimedia Development Corporation Sdn. Bhd.) is the lead agency in driving the digital economy in Malaysia under the Ministry of Communications and Multimedia Malaysia. Since its inception 21 years ago, MDEC’s mission is to develop the nation’s digital economy. MDEC’s implementation efforts are centered on driving investments, building local tech champions, catalyzing digital innovation ecosystems and propagating digital inclusivity.