Annual Report 2022 33 ABOUT US LEADERSHIP PERSPECTIVE SUSTAINABILITY GOVERNANCE FINANCIAL STATEMENTS Other Information Sustainability Statement ECONOMIC EMPOWERING THE NATION WITH INNOVATIVE ICT SOLUTIONS Strengthening Operations for Greater Value Creation Datasonic is one of the most prominent security-related integrated ICT solutions providers in Malaysia with an excellent track record in national critical projects, being the key provider of Malaysia National ID (“MyKad”) since 2012 and International Civil Aviation Organization (“ICAO”) compliant e-passport solutions to the Malaysian government since 2016. With the onset of the COVID-19 pandemic, the process of digital transformation was accelerated around the globe. Against this evolving operating landscape, Datasonic aims to enable digitalisation throughout the nation with our suite of ICT offerings. In FY2022, Datasonic renewed our focus on expanding our solutions base as we continue to fortify our position as one of Malaysia’s leading security-related ICT solutions provider. This includes enhancing our capabilities to cater to a broader array of industries and functions. One of the main areas we are exploring is the government’s National Digital Identity (“NDI”) initiative, which is a form of digital identification and self-authentication for individuals when conducting transaction online. This will enhance connectivity between transaction systems to enable safe digital transactions. We recognise the opportunities that this area presents and believe that Datasonic is well-positioned to play a part in Malaysia’s digital transformation journey. Apart from that, we remain steadfast on serving the nation leveraging on our expertise in developing multi-purpose ID. We maintain as a key vendor for the government having secured a RM50.1 million contract in 2022 for the supply of MyKad, MyTentera, MyPOCA raw cards and consumables. This is a testament to the robust quality of our products and services and our strong in-house Research and Development (“R&D”) capabilities. Meanwhile, our business development team is currently developing and exploring the acquisition of emerging technologies in relation to Smart City, such as artificial intelligence (“AI”) solutions for our security and surveillance offerings. This will allow us to contribute towards the government’s agenda in developing smart cities across Malaysia in line with the Malaysia Smart City Framework. For banking and commercial clients, the Group offers financial technology (“fintech”) and digital solutions such as end-to-end payment systems for self-service devices such as digital kiosks. We also develop e-Wallet and electronic booking services for our customers. At the same time, we are developing our competencies with our in-house human resources programme, Professional Training and Education for Growing Entrepreneurs – ReadyTo-Work (“PROTÉGÉ-RTW”). It is an entrepreneurial and marketplace training programme aimed at developing youths in collaboration with industry experts. As we upgrade our technology and human capital capabilities, we aim to also uplift Malaysia’s industry standards and enhance the capabilities of local players and products. Moving forward, our goal remains to expand our competitive edge and offerings as we continue investing in R&D and human capital to develop relevant and innovative ICT solutions. Membership of Associations Datasonic strives to contribute to the development of the industry and sustainability matters as an individual corporate entity and collectively through various industry associations. Such participation enables us to work with Datasonic’s peers on sector-related topics to achieve our commercial and ESG goals, in addition to staying updated on emerging trends and industry best practices. Datasonic partakes in the following associations through its employees: • Construction Industry Development Board (“CIDB”) • Association of Chartered Certified Accountant (“ACCA”) • Malaysian Institute of Accountants (“MIA”) • International Association of Accounting Professional (“IAAP”) • Institute of Chartered Secretaries and Administrators (“ICSA”)
RkJQdWJsaXNoZXIy NDgzMzc=