Bursa Malaysia Berhad and Tenaga Nasional Berhad Announced as Winners of the Red Hat APAC Innovation Awards 2021 for Malaysia
Recognized for their digital initiatives and transformation experienced through the use of Red Hat’s open source solutions
KUALA LUMPUR, Malaysia–(BUSINESS WIRE)–Red Hat, Inc., the world’s leading provider of open source solutions, today announced the winners of the Red Hat APAC Innovation Awards 2021 for Malaysia. Bursa Malaysia Berhad and Tenaga Nasional Berhad (TNB) were honored at the Red Hat APAC Forum Virtual Experience today for their digital transformation journey and innovations using Red Hat solutions.
Open source continues to be an innovation engine for Asia Pacific enterprises by helping them modernize infrastructures, develop applications, and transform digitally. According to Red Hat’s recent State of Enterprise Open Source report, 92 percent of the region’s IT leaders are using enterprise open source today, above the global average of 90 percent.
With the theme of “Open Your Perspective,” the Red Hat APAC Forum Virtual Experience encourages organizations to build resilience, achieve their transformation goals, and propel their business forward with open source. This year, the Red Hat APAC Innovation Awards 2021 recognized the technological achievements of 24 organizations in the region for their creative thinking, determined problem solving, and innovative use of Red Hat solutions.
The winners were selected based on the impact of their Red Hat deployments on their business goals and company culture, industry, communities, as well as the uniqueness of vision for the project. They displayed how open source tools and culture have helped them to improve productivity, agility, and cost savings while empowering them to address future challenges and emerging trends more confidently and effectively.
Winners were recognized in five categories: Digital Transformation, Hybrid Cloud Infrastructure, Cloud-native Development, Automation, and Resilience.
Category: Digital Transformation and Hybrid Cloud Infrastructure
Winner: Bursa Malaysia Berhad
Bursa Malaysia is the stock exchange of Malaysia and one of the largest bourses in ASEAN. It operates and regulates a fully integrated exchange that offers a comprehensive range of exchange-related facilities such as listing, trading, clearing, settlement and depository services.
Bursa Malaysia was looking to implement an agile integration platform to support its Central Depository System (CDS) eServices application, Bursa Anywhere, which would allow its nearly two million retail investors to view and manage their accounts in one, unified platform.
To build the foundation of the application, Bursa Malaysia deployed Red Hat OpenShift, Red Hat Fuse, Red Hat AMQ, Red Hat 3scale API Management, Red Hat JBoss Enterprise Application Platform and Red Hat Virtualization to develop a reliable, scalable and flexible platform. Collectively, Red Hat open source solutions have allowed Bursa Malaysia to scale its post-trading and public listed company announcement integration services, connect disparate applications and services, as well as reduce the time to market for the services by 20 percent.
With its enhanced agility and efficiency, Bursa Malaysia was able to continuously improve and update the application with new features, which contributed nearly 10 percent of the total number of CDS accounts opened since 2020. Greater market participation from a broader range of audience segments in Malaysia is key to Bursa Malaysia’s sustainability and contributes to a thriving economy. Since its launch in 2019, Bursa Anywhere now has nearly 211,000 users.
An enhanced hybrid cloud infrastructure allowed Bursa to improve business resilience by delivering more innovative and competitive services, while adapting to changes in legislation and technological advancements in an agile manner.
Category: Digital Transformation and Automation
Winner: Tenaga Nasional Berhad (TNB)
Tenaga Nasional Berhad (TNB) is the largest electricity utility in Malaysia and a leading utility company in Asia with an international presence in seven additional countries. The company serves 10.08 million customers across its various portfolios. Its activities include the generation and supply of electricity, as well as maintaining power plants, engineering and construction services, coal mining and trading.
The global energy sector is seeing continued economic shifts, technology disruptions, increasing pressure for cost efficiency and competitive intensity from regulators. To keep up with changing market needs and improve cost control, TNB needed a flexible and efficient cloud-driven platform that was also compliant with data transparency and security requirements.
With the support of Red Hat Consulting, TNB was also able to better plan and design the project by taking into account its existing capabilities and understanding of the topic. Together, the teams worked to identify technical difficulties and the crucial integration points to solve during presales, which provided its management with confidence in the project.
TNB deployed Red Hat Ansible Automation Platform to aggregate and manage its cloud infrastructure from different providers. Red Hat’s technology has enabled TNB to standardize their resource provisioning base, better track their asset management, and eliminate repetitive tasks for asset registration. Whereas previously, provisioning an environment would take 3-4 days, with the help of the updated platform TNB can now do this within hours. The platform has ultimately allowed TNB to automate menial and repetitive tasks, eliminate resource wastage, and improve time to market.
Additionally, TNB’s improved governance and compliance capabilities also enabled it to predict and identify specific areas of non-compliance, which the team could quickly rectify, saving valuable time and financial resources.
The Digital Transformation category recognizes organizations that have successfully addressed IT challenges and delivered business value to effectively compete as a digital enterprise. The Hybrid Cloud Infrastructure category showcases a collaborative public, private, or open hybrid cloud deployment. The Automation category highlights projects that most successfully automated processes, workflows, tasks and IT operations to rapidly implement innovative and disruptive technologies and practices.
Marjet Andriesse, vice president and general manager, APAC, Red Hat
“2021 continues to be a year of uncertainty but Asia Pacific organizations are using open source rapidly and effectively to create more business possibilities with digital transformation. They are using technologies like hybrid cloud, data analytics, and edge computing to meet changing market landscapes and enhance customer experiences. Congratulations to this year’s winners, and we hope that Red Hat’s open source solutions will continue to help address the many real challenges our customers face today, and unlock the future for business in Asia Pacific.”
Ashish Jaywant Rege, director of group technology, Bursa Malaysia Berhad
“With the rise of IR 4.0, we wanted to encourage young, innovative tech-based companies to invest in us. Red Hat’s open source solutions have allowed us to build a platform that is integrated and functional, yet agile and scalable to adapt to changing market needs. Our newfound efficiencies in both time and resources have enabled us to broaden market participation. We plan to continue developing products that push the boundaries of fintech innovation.”
Fauzan Mohamad, head of enterprise cloud services, Tenaga Nasional Berhad (TNB)
“As Malaysia’s main distributor of electricity, it’s vital for our IT infrastructure to be as efficient and agile as possible. By being able to automate tasks and reduce error rates, we have greater confidence to deliver undisrupted power to the people who need it, when they need it. Our Red Hat-enabled platform has also equipped us with the foundation and base capabilities needed to implement next generation systems that will allow us to innovate smarter and catalyze our transformation journey.”
- Learn more about Red Hat Forum Asia Pacific 2021
- Learn more about the Red Hat APAC Innovation Awards 2021
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