OUTLOOK AND PROSPECTS Looking ahead, our IT Division remains cognisant towards various external factors that may impact our business in FY2023, such as economic uncertainties that may reduce our revenue potential as well as a change in the Malaysian government that may lead to shifts in national policies and regulations. To this end, we are constantly aspiring to expand our business activities to diversify our revenue streams and achieve greater stability, with Dagang Net looking to seize growth opportunities in air cargo community system as well as via the provision of value-added services that include community-based services, big data management and analytics, enterprise business integration, international business consultancy and Customs automation services. At the same time, we remain primed to capitalise on opportunities that arise in the post-pandemic area, as customers aim to digitalise their business models and the government seeks to accelerate the integration of its various digital strategies. IAC will leverage on its new partnerships with top technology principles to provide customers with enhanced services within the scope of eGADS, OutSystems, Staff Augmentation and Application Maintenance Services, amongst others. SealNet will continue to develop enhanced data exchange services with Dagang Net to improve internal synergies and secure a larger customer base, while at the same time diversifying our service offerings by building end-to-end B2B products to address market demand and pursuing synergistic collaborations with our stakeholders to capture growth prospects in new market segments. With growth within the subsea fiber optic cable sector looking promising for the next four to five years, we will dedicate resources towards upgrading the equipment of our vessel to meet market requirements, while restructuring our business unit and expanding our pool of experienced personnel in order to secure more contracts, maintain low downtime periods and enhance our revenue potential. Subsea Telco Lack of Subject Matter Experts in amongst our team members Achieved low vessel downtimes in line with expectations and completed jobs within or ahead of schedule Hired Subject Matter Experts to boost our exper t i se in key speci f ic departments Competitors are improving their fleet capabilities and human resources We were able to secure more contracts and deliver jobs with quick turnarounds Identify opportunities to upgrade and renew our fleet with better equipment CHALLENGES OUR MITIGATION STRATEGIES RESULTS 93 DNeX INTEGRATED REPORT 2022
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