Impact Studies
17 November 2024
Impact Study of AI, Digital, and Green Economy on the Malaysian Workforce
AI, Digital, and Green Economy advancements are reshaping Malaysia’s workforce. This impact study validated 949 roles across 10 sectors, identifying emerging, evolving, and at-risk jobs while outlining key initiatives and enablers to build a future-ready talent ecosystem.
Authors:
Dr. Devaki A/P Nagaya, Ramzi Ahmad Bustami, Adlina Sofia Afdzal
MyMahir
Summary
The advancements in AI, Digital, and Green Economy are making waves and will demand significant workforce changes over the next three (3) to five (5) years. This impact study has revealed the implications for the workforce across 10 sectors due to the continued and rapid progress in these areas. A total of 949 roles were validated, comprising 889 existing roles crucial for maintaining industry standards and operational efficiency, and 60 emerging roles highlighted due to their increasing relevance with the rise of these trends. These 949 roles have been categorised into highly impacted, medium impacted, low impacted, and emerging roles. Highly impacted roles are those at risk of convergence or displacement, requiring workers to pivot to adjacent roles and reskill. Medium impacted roles remain relevant but need to evolve and upskill to meet new expectations. Low impacted roles are not severely affected but require ongoing self-improvement to stay relevant. Emerging roles are set to drive future advancements and innovations across the 10 sectors, playing a vital role in navigating the changes brought about by AI, Digital, and Green Economy. The study provided valuable insights into the demand for these roles, guiding both employees and employers in planning their career and talent development strategies. Additionally, it highlights the need for holistic, cross-cutting, and targeted interventions to ensure that workers are adequately prepared to meet the industry’s evolving talent needs. The stakeholders have recommended 10 common initiatives across 10 sectors to implement in the talent ecosystem. Government, Industry Players, Academia, and Training Providers each have important roles to play in ensuring the necessary reforms, transitions, and interventions are in place to prepare the workforce for a future-ready sector and contribute to Malaysia’s long-term socioeconomic goals. Furthermore, the impact study also proposed three (3) Whole-of-Nation Enablers, which will be vital to expediting the transformation of the Malaysian workforce. The success factors for the whole-of-nation implementation approach include; ensuring clear accountability and responsibilities for public-private stakeholders; maintaining transparency through periodic progress reporting; establishing effective linkages with multiple stakeholders through consistent and open communication; and executing with discipline to meet the defined milestones. These factors are essential for the success of the implementation and governance of proposed initiatives. Embarking on this journey of continuous adaptation and innovation will be vital in preparing the workforce for ongoing advancements in AI, Digital, and Green Economy. To achieve this, the MyMAHR Future Skills Talent Council (FSTC) will conduct regular needs assessments to identify immediate and future workforce skills gaps, analyse talent demands by sector and educational level, propose strategies, determine essential sector-specific skills, and periodically update these skills in response to technological advancements and evolving operating environments.
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