Remaining competitive in the Fourth Industrial Revolution

THE shift towards the Fourth Industrial Revolution is already well underway. Questions around how Big Data, machine learning, and artificial intelligence (AI) will impact economies continue to be top of mind for business leaders globally, and Asean is no exception.

Indeed, low-skilled and repetitive jobs are at risk of being replaced by AI and robotics. However, not all is lost.

The key to remaining competitive is to ensure that re-skilling of the existing workforce takes place, and that future generations are equipped with the right skillsets to succeed in the new era. On a larger scale, businesses that are typically labour-intensive might want to consider how they can shift their business focus to one that is more knowledge based.