Implications of Industry 4.0 for Skills Development Strategies of Business and Industry

Date Mar 20, 2019

Implications of Industry 4.0 for Skills Development Strategies of Business and Industry

     The fourth industrial revolution also referred to as Industry 4.0, is expected to significantly transform the economies and societies of ASEAN. The adoption of digital technologies, artificial intelligence (AI) and robotics dramatically changes the manufacturing sector, making it more efficient and productive.

     In consequence, labor markets shift too: Technology will displace workers from certain jobs. But it will also create new jobs elsewhere. As the skillsets of jobs are shifting, ASEAN economies are under increasing pressure to reskill and upskill their workforce.

     "Empowering ASEAN 4.0" is one of the most important challenges for the future economic development of the ASEAN region. It is the topic chosen by the Thai chairmanship of the ASEAN Business Advisory Council (ASEAN-BAC) 2019 under the leadership of the Joint Standing Committee on Commerce, Industry and Bangkok of Thailand (JSCCIB-Thailand). The theme covers four pillars: Digital infrastructure, ASEAN connectivity, support to MSMEs, and human resource development; with the latter serving as flagship pillar.

     As one of its core activities in the human resource development pillar, ASEAN-BAC with support from the German government's RECOTVET programme is organizing a 1-day symposium, titled “Empowering ASEAN 4.0: Implications of Industry 4.0 for skills development strategies of business and industry”, for the ASEAN business community on the importance of reskilling and upskilling the region's workforce to empower ASEAN 4.0

    The symposium will be organized on 20 March 2019 in Bangkok, Thailand, accommodating a maximum of 100 participants, mainly from business membership organizations and companies from all 10 ASEAN member states.

giz , asean2019


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