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Was it simply me or did 2022 simply fly by? Fortunately for causes higher than 2021 did, 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? Which may rely upon who you discuss to, however earlier than we glance to the long run, let’s overview the previous to see how this yr turned out.
Listed here are the 5 enterprise predictions we made for 2022, plus what got here true, and what didn’t.
1. Dronetech will take off throughout extra industries: Got here true!
Dronetech already noticed a development surge in 2021, so by comparability, 2022 appeared to function a refinement interval for its growth, and it’s seemingly that one other surge will occur within the subsequent yr or two.
For now, we’ve seen Malaysian dronetech transcend agritech and building, delving extra into search and rescue (SAR) efforts as properly.
Alongside first responders in addition to drone corporations, Malaysian Analysis Accelerator for Expertise and Innovation (MRANTI) will likely be facilitating the Pasukan Tindakan Kecemasan Khas Dron (PTK2Dron) initiative.
PTK2Dron was arrange by the Ministry of Expertise, Science, and Expertise (MOSTI) in 2021, after the floods that occurred in Sri Muda and Hulu Langat, Selangor.
Underneath it, drone corporations will likely be finishing up mapping companies, underwater search and rescue, geotagging susceptible places for help prioritisation, unmanned boat operations, and medication and meals deliveries.
PTK2Dron has already been deployed for the December 16 landslide tragedy at Batang Kali.
Past SAR, plainly the federal government is aiming to spice up using dronetech for transportation too, with parcel deliveries, spare components deliveries (for ships), medical help and gear deliveries already in R&D.
2. NFTs getting used as utility and in charity: Got here true!
NFTs and crypto have had an actual tough time after driving a excessive final yr into early this yr. First, the Terra Luna crash in Could, then November noticed crypto exchanges FTX, FTX.US, and BlockFi file for Chapter 11 chapter.
Previous to all that although, NFTs had appeared to be flourishing even on native soil.
When it comes to charity, artist Katun had co-founded a mission referred to as Apes R Us, via which proceeds from the sale of 100 NFTs in collaboration with WWF Malaysia went to orangutan conservation efforts in Sabah and Sarawak.
Utility-wise, a Shah Alam family-oriented steakhouse, AD Butcher & Steak had launched a “dine-to-earn” idea which served as a loyalty programme, for instance.
In an analogous vein, MyeongDong Topokki (MDT) leveraged NFTs to create a membership programme.
Then again, Miss Universe Malaysia Group (MUMO) launched a voting mechanism utilizing NFTs.
Following the crypto winter, it’s been reported that from January 2022 to September 2022, NFT buying and selling quantity collapsed by 97%, from US$17 billion in worth to US$466 million.
Regardless of that, a bullish outlook persists, with some saying that as we transfer in the direction of extra digital experiences, NFTs will likely be right here to remain. Solely time will actually inform.
3. Extra BNPL choices from bigger gamers: Got here true!
Erm, considerably? Yet another remains to be extra, proper?
We did see loads of motion within the Purchase Now, Pay Later (BNPL) area in Malaysia, with overseas gamers akin to Ablr coming into the market, IOUPay teaming up with BSN to leverage the financial institution’s 6 million plus customers, and BNPL rules to doubtlessly be applied.
When it comes to bigger gamers providing their very own BNPL choices although, we primarily noticed one this yr, which was Lazada introducing LazPayLater.
Curiously, we’ve but to see Capital A make any strikes with the airasia Tremendous App, and what we may discover to date pointed to the model solely partnering present BNPL options up to now.
May we see an airasia Tremendous App BNPL service in 2023? Who is aware of, since airasia is thought to be unfazed about being a later entrant to tendencies akin to e-hailing and meals deliveries.
4. A rise in COVID-19 administration options: Didn’t come true… (however that’s not a nasty factor)
On the time of writing the preliminary 2022 predictions article, many people nonetheless hadn’t gotten (or have been within the midst of getting) our booster photographs.
COVID-19 was nonetheless one thing to be feared then, with masks mandates going sturdy, and plenty of avoiding massive public gatherings.
Simply months into 2022 although, and we started seeing corporations return to the workplace (our personal included, after an in-depth renovation), journey routes open up, and extra.
As COVID-19 grew to become much less and fewer of a menace to many people, we started seeing fewer new options to handle it, present SOPs apart.
It’s not but eradicated although, so we shouldn’t be too carefree and former options shouldn’t be discarded or shelved simply but, because the virus stays able to mutating into new variants.
5. Streamlined crowdsourcing platforms for #KitaJagaKita efforts: Didn’t come true…
Final yr’s horrible floods noticed the Malaysian public stepping as much as assist friends in hard-hit areas. As one, we donated help, volunteered with clean-up efforts, and extra.
Personal corporations labored with the federal government to conduct search and rescue (SAR) efforts too, which later culminated within the PTK2Dron initiative talked about in level #1.
Whereas there have been a number of crowdsourcing apps created to sort out varied points akin to COVID-19 reduction and flood SAR in 2021, there wasn’t a lot discuss them in 2022.
Was it as a result of the Malaysian public thought that the federal government was lastly stepping up by allocating extra funds for flood reduction efforts in addition to organising particular job forces?
We don’t know for certain, however what we do know is that the Malaysian public has confirmed that they’ll fiercely again one another up and deal with present gaps when it’s referred to as for, and that’s sufficient of a win in our books.
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Now we have a sense that 2023’s trade predictions will look very totally different, as we’re now not simply enjoying it protected and hedging our bets.
Subsequent yr, we’ll seemingly be seeing Malaysian companies and entrepreneurs make riskier strikes for doubtlessly greater returns.
That ought to make for an attention-grabbing enterprise panorama, and we will’t wait to see what is going to come out of it.
- Learn our earlier 2022 predictions article right here.
Featured Picture Credit score: Aerodyne / Vulcan Publish
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