Datastream Digital (DST) recently announced a joint software development with a Philippine-based software solutions delivery centre and a subsidiary of PLDT, Multisys Technologies Corporation (Multisys), as DST sets its vision to be truly a DigitalCo.
It marked a major milestone for DST in its plan to pivot from a telco to be DigitalCo with the signing of the Joint Intellectual Property Development and Commercialisation of a Digital Platform.
Under the agreement, the scope includes the development of a telco, fintech and eCommerce digital platform as well as platforms that can support Brunei Digital Economy objectives.
This year marks the third anniversary of the Brunei telecommunications industry transformation that paved the way for the new DST.
The agreement was signed by Chief Executive Officer (CEO) of DST Radin Sufri Radin Basiuni and CEO of Multisys Victor Aliwalas.
In his speech, Radin Sufri said that co-owning Intellectual Property is fundamental for a DigitalCo innovation strategy.
“The core of our vision is also believing in our own teams, DST has geared to increasing its development team and also undertook reskilling and upskilling exercises to all its disciplines to realize its digital aspiration,” he said.
He added that some 15 local DST developers will be involved in the collaboration with Multisys in-house development team.
“DST further continues to harness and further develop the Bruneian innovation culture through its own DST InnoLab and Brunei Innovation Lab,” said the ceo.
On his part, Aliwalas said that there is so much to look forward to in their journey with DST this year.
“I can’t wait to witness our vision come to fruition as we pave a mutually-beneficial path to provide better public service and elevate digital transformation, not just in Brunei or the Philippines, but also in the entire region,” he said.
Digital Transformation is a complex feat, but the ability to take its transformation phase further, as well as its co-owned IP, will cement DST’s goal to be a truly DigitalCo.
The next phase of transformation will focus on continuing digital-first product development, with careful consideration of digital customer experience.
Whereas, on the backend, the focus will be driven by a faster time to market and scalability, on the parameters of agility, efficiency and lower costs.
Moreover, the first IP that will be developed through this collaboration is expected to be rolled out by the fourth quarter of the year.
The joint partnership is also significant as the platforms developed will be jointly marketed as a Platform as a Service offering beyond Brunei.
In attendance to witness the signing was Acting Managing Director of Brunei Investment Agency in his capacity as Chairman of DST Haji Sofian Hj Mohd Jani.
Also in attendance was the Philippines Ambassador to Brunei Darussalam, Marian Jocelyn R. Tirol-Ignacio.
THE BRUNEIAN | BANDAR SERI BEGAWAN