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Is it me or 2022 flew by? Luckily, for higher causes than 2021 I’d say.
This yr, we noticed the restoration of many industries and the expansion of some others. We even noticed a brand new authorities!
Are issues actually trying up for Malaysia? That will depend upon who you speak to, however earlier than we glance to the long run, let’s have a look again to see how this yr turned out.
Listed below are the 5 enterprise predictions we made for 2022, plus what got here true and what did not.
1. Dronetech will take off in additional industries: It got here true!
Dronetech already noticed a progress spike in 2021, so by comparability, 2022 appeared to function a interval of refinement for its improvement, with one other spike more likely to happen within the subsequent yr or two.
By now, now we have seen Malaysian drone know-how transcend agricultural know-how and development, delving deeper into search and rescue (SAR) efforts as nicely.
Along with first responders and drone corporations, the Malaysian Analysis Accelerator for Expertise and Innovation (MRANTI) will facilitate the Pasukan Tindakan Kecemasan Khas Drone (PTK2Dron) initiative.
PTK2Dron was created by the Ministry of Expertise, Science and Expertise (MOSTI) in 2021, after the floods that occurred in Sri Muda and Hulu Langat, Selangor.
Below it, drone corporations will perform mapping, underwater search and rescue companies, geotagging of susceptible places for help prioritization, unmanned vessel operations, and drug and meals deliveries.
PTK2Dron has already been deployed for the December 16 Batang Kali landslide tragedy.
Past SAR, it appears the federal government can be aiming to spice up the usage of dronetech for transportation, with parcel deliveries, spare elements deliveries (for boats), medical help, and deliveries of kit already in R&D.
2. NFTs are used for utility and charity: It got here true!
NFTs and cryptocurrencies have had a very powerful time after hitting a excessive final yr to early this yr. First, the Terra Luna accident in Could, then in November, crypto exchanges FTX, FTX.US, and BlockFi filed for Chapter 11 chapter.
Nonetheless, earlier than all that, NFTs gave the impression to be flourishing even on native soil.
By way of charity, the artist Katun co-founded a mission referred to as Apes R Us, by which the proceeds from the sale of 100 NFTs in collaboration with WWF Malaysia went in direction of orangutan conservation efforts in Sabah and Sarawak.
By way of utility, AD Butcher & Steak, a family-oriented steakhouse in Shah Alam, had launched an “eat to win” idea that served as a loyalty program, for instance.
Equally, MyeongDong Topokki (MDT) took benefit of NFTs to create a membership program.
Then again, the Miss Universe Malaysia Group (MUMO) launched a voting mechanism utilizing NFT.
After the crypto winter, it was reported that from January 2022 to September 2022, NFT buying and selling quantity collapsed by 97%, from a worth of $17 billion to $466 million.
Regardless of that, a bullish outlook stays, with some saying that as we transfer in direction of extra digital experiences, NFTs might be right here to remain. Solely time will actually inform.
3. Extra BNPL choices from greater gamers: It got here true!
Um, a little bit? Yet one more is much more, proper?
We noticed a whole lot of motion within the Purchase Now Pay Later (BNPL) area in Malaysia, with overseas gamers like Ablr getting into the market, IOUPay partnering with BSN to benefit from the financial institution’s 6+ million customers, and BNPL rules to doubtlessly be carried out. .
Nonetheless, when it comes to greater gamers providing their very own BNPL choices, we noticed primarily one this yr, which was Lazada introducing LazPayLater.
Curiously, now we have but to see Capital A make any strikes with the airasia Tremendous app, and what we may discover thus far factors to the model solely being related to current BNPL options previously.
May we see a BNPL service from Airasia Tremendous App in 2023? Who is aware of, as airasia is thought to be unfazed by being a later entrant in tendencies like e-hailing and meals deliveries.
4. A surge in COVID-19 administration options: Did not come true… (however that is not a foul factor)
On the time of writing the preliminary 2022 predictions article, many people had not but acquired (or had been about to obtain) our booster photographs.
COVID-19 was nonetheless one thing to concern then, with masks mandates getting stronger and plenty of avoiding massive public gatherings.
But just some months into 2022, we’re beginning to see companies return to the workplace (together with ours, after a deep renovation), journey routes open up, and extra.
As COVID-19 turned much less of a risk to many people, we started to see fewer new options to handle it, apart from current SOPs.
Nonetheless, it hasn’t been eradicated but, so we should not be too careless and previous options should not be discarded or shelved simply but, because the virus continues to be able to mutating into new variants.
5. Simplified crowdsourcing platforms for #KitaJagaKita efforts: Did not come true…
The horrific floods final yr had the Malaysian public reaching out to assist their friends within the hardest hit areas. As one, we donated help, volunteered in cleanup efforts, and extra.
Personal corporations additionally labored with the federal government to conduct search and rescue (SAR) efforts, which later culminated within the PTK2Dron initiative talked about in #1.
Whereas a number of crowdsourced apps had been created to deal with numerous points, reminiscent of COVID-19 reduction and flood SAR in 2021, they weren’t a lot talked about in 2022.
Was it as a result of the Malaysian public thought the federal government was lastly stepping up by allocating extra funds for flood reduction efforts and establishing particular activity forces?
We do not know for certain, however what we do know is that the Malaysian public has proven that they’ll fiercely again one another and handle current gaps the place obligatory, and that is victory sufficient in our books.
We now have a sense the business predictions for 2023 might be very totally different as we now not simply play it secure and hedge our bets.
Subsequent yr, we’re more likely to see Malaysian corporations and entrepreneurs make riskier strikes for doubtlessly increased returns.
That ought to create an attention-grabbing buying and selling panorama, and we will not wait to see what’s going to come out of it.
- Learn our earlier 2022 predictions article right here.
Featured Picture Credit score: Aerodyne / Vulcan Put up
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