DUBAI: During the World Government Summit (WGS 2024) on Wednesday, it was emphasised that to stay abreast of global changes and prepare for future skills needs, public and private organisations within a nation must collaborate.
Mahuran Sariki, from Malaysia, highlighted the necessity for such a collaboration.
In a session titled ‘Blueprints for Constructing Resilient and Smart Labour Markets’, she stressed that it is also essential for a comprehensive exploration of the dynamic shift in education. This shift aims to bridge the gap in skills between the labour market and what is offered by the workforce.
Mahuran, who serves as TalentCorp’s vice president of Group Research, Development & Policy, and Malaysian Professional Talent, underscored the importance of the labour market in identifying and preparing for future skills needs. Specifically, she emphasised the significance of addressing advancements in artificial intelligence (AI) and related technologies.
A Malaysian speaker at a session titled “Blueprints for Constructing Resilient and Smart Labour Markets”, Mahuran Sariki, told the forum that collaboration is needed to provide a comprehensive exploration of the dynamic shift in education, aimed at reducing the gap in skills between the labour market and what is offered by the workforce market.
“The impact of AI technology on the labour market is that many countries are experiencing a gap between the skills needed in the labour market and what is offered by the workforce.
“The report of the World Economic Forum highlighted that digital skills and literacy, AI technology, IR4 technology, problem-solving, creativity, and design thinking are among the skills needed globally. The projection of the labour market is important to identify and prepare for future skill needs,” she said.
When met on the sidelines of the WGS, she highlighted to Bernama the necessity for collaboration and how the latest advancements affect the job market and the types of jobs and skills needed in the future.
“AI contributes to the labour market by automating data compilation and creating new job opportunities in emerging fields like data science and robotics.
“The skills used for analysing supply and demand in the labour market often include machine learning algorithms, data analytics platforms and modelling tools.
“These AI technologies can process a large dataset to identify trends, forecast workforce needs, and match skills with job demands,” she added.
Her 20-minute session, moderated by acting Managing Director, CNN Business Arabic, Mustafa Alrawi, was held with other renowned panels namely World Bank’s Practice Leader of Indonesia and Timor Leste, Dr Achim Schmillen and Senior Economist of OECD Development Centre, Jason Gagnon. – BERNAMA
