Predictions of Hotties and Notties of 2009

VERY HOT - Web2.0
HOT - Creative content
HOT - Shared Services & Outsourcing
LUKEWARM – Funding


Creative content

• As long as there are TV networks, mobile, radio – creative content will always be hot, just a matter of how hot it can be.

• 2 things essential in Creative Content: Money & Talent

• As long as the industry is able to cater needs of market, government will be there to support if need funding

• Arguably, said Sharil, there is a need to manage expectation. Yes, admittedly, Streamyx is problematic (an honest admission to the applause of the crowd).

• Instead of b*t*hing about connectivity, companies should instead develop products based on the capability of the network. Thus, do not create false expectations to users. (what the….) Eye brows raised. A highly argumentative statement. So, does this means creators/technopreneurs should stop being creative and innovative just because infrastructure could not support their products? Hmm...


Questions from the floor:

Q1: Is the Malaysian market ready for 3D animation?

Q2: Is there effort to create content based on history? Malaysia should come up with more content featuring historical background. (am not too sure how this come about)

Q3: What is the level of creativity in Malaysia?
Answer: not to be easily satisfied with a job. Should always seek ways to improve their works. This, however, requires discipline.


Shared Services & Outsourcing

• Do we have adequate command of English, in comparison to our neighbouring countries like Spore, Thailand?

• Outsourcing will continue to grow in 2009. Govt knowledge outsourcing.

• Impact of Satyam?
Business ethic is important.

• This market will continue to grow and continue to find ways and means to cut cost

• English: what we learn in school, tertiary and the English used in working life are all different. However, the issue here is knowledge worker not English language

• Outsourcing in Malaysia is good in the short term but not in the long term

• Software – another hot and highly scalable business


Q1: Is there any method to train people at grassroots’ level?


Funding

• IPO market is cold for 2009

• VCs have HERD MENTALITY, admitted Hazani

• VCs will still be selective towards companies they want to fund but all is not lost as there are still government agencies like MDeC, MTDC, CRADLE to provide funding.

• Short remark from Nazrin: 2009 is not going to make much difference.

2 approaches:

 To assume growing a business without VCs’ funding. Slowly get Angel Investors to understand the local scenario. They are money makers and only interested to make more and would invest in any opportunities deemed feasible to them.

 To assume growth to a level between 3 – 5 years. Must have proper plans. Chart out your options as VCs can come in early or at a later stage. Always improve business knowledge.


Web2.0

• There are trends to apply Web2.0 in businesses


Q1: Is there solutions to help older generation to use Web2.0?Answer: Need to plan well for future as we too will be ‘oldies’ in 20-30 years time.

• It’s a new technology that is here to stay yet still great many people still do not know how to use it.