KUALA LUMPUR, March 13 (Bernama) — PIKOM, the National ICT Association of Malaysia proposes a more holistic tech talent strategy, focusing on talent development and enhancement in digital industry adoption to cope with today’s ongoing disruptions and rapid-paced lifestyle and work culture.
PIKOM cautioned that although the ICT sector contributed 18% of Malaysia’s GDP in 2017, the National Policy on Industry 4.0 stated that Malaysia’s skilled labour declined by 1% since 2010, to 18% in 2017. From the 435 companies surveyed by Frost & Sullivan, nearly 66% of the companies face talent shortages. Frost & Sullivan’s Digital Report 2017 further reported that employment in the digital industry is projected to increase to 15.0% over the next three years, driven by business expansion coupled with a favorable economic outlook and competitions from global and regional countries, will make talent sourcing challenges more acute in the near future. According to Asian Digital Transformation Index 2018, a study released by The Economist Intelligence Unit, Malaysia is one of the 10 cities in Asia that is facing the most acute digital talent shortages.
