Digital Talent Jobs in High Demand in Malaysia
- Malaysia pushing forward agenda on tech talent development
- Emerging roles in data science, AI, software development, digital transformation and cybersecurity will be the focus of investment.
- As a key enabler of IR4.0 (Fourth Industrial Revolution), it is critical that Malaysia prepares a strong talent pipeline to harness the socio-economic opportunities that come with digitalisation and smart technologies.
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540,000 Jobs in Digital Talent Required by 2020 in Malaysia
Citing a recent Digital Talent Report commissioned by Malaysia Digital Economy Corp (MDEC) in 2017, he said Malaysia’s digital talent demand was expected to grow by 15% annually, that would require more than 540,000 jobs by 2020.
Digital talent is already in high demand at present and looks to grow even more in years to come. The World Economic Forum estimates that while 75 million existing roles may decline by 2022, it was also projected that 133 million new roles will emerge as smart technologies disrupt most if not all industries.
The Communications and Multimedia Ministry understands the pressing need to future-proof Malaysia’s digital talent and is addressing the digital talent agenda via MDEC, which has been at the forefront of tech talent development and nurturing for several years now.
He pointed out a great example of success at the school level, the MyDigitalMaker movement, which is slowly transforming Malaysian students from digital users to producers in the digital economy via digital maker skills such as coding, application development, 3D printing, robotics, embedded programming and data analytics.
To date, more than 700,000 primary and secondary school students have already been impacted by digital maker activities across the nation, the Minister noted.
Another effort by his ministry is at the tertiary level with the Premier Digital Tech Institution (PDTI) initiative, with the objective to address the huge demand for industry-ready Computer Science graduates by engaging closely with a select group of institutes of higher learning together with relevant industry partners to supply top quality graduates for the digital industry.
Over the course of only one year, there has been a 33% increase in intake for Computer Science and information technology courses for the PDTIs, and an increase in the employability rate of the PDTIs.
The Minister stated that the ministry was working with industry partners to address other fast-growing tech careers such as in cybersecurity, data science, AI, Internet of Things, digital marketing and creative multimedia.
To meet the fast-growing demands of these industries, Malaysia would need about 20,000 data professionals to serve the needs adequately, he said, adding that a recent survey showed that starting salaries for data professionals ranged from RM50,000–90,000 per annum depending on academic qualifications and technical competencies.
Meanwhile, the Minister also welcomed Heriot-Watt University’s commitment to supporting the nation in preparing for digital transformation by offering scholarships amounting to RM2.6 million for the data science programme over the next five years.
He said the university’s commitment contributed to the educational needs of the local students in order for them to continue honing their skills and knowledge and was also a great boost for local tech talent development.
Malaysia is well-positioned to benefit from Industry 4.0 according to new World Economic Forum report
The Report finds that the Fourth Industrial Revolution will trigger selective reshoring, nearshoring and other structural changes to global value chains. Emerging technologies will change the cost-benefit equation for shifting production activities and, ultimately, impact location attractiveness.
All countries must develop unique capabilities to make them attractive production destinations and capitalise on these shifts.
Another key finding of the report is that different pathways will emerge as countries navigate the transformation of production systems. Not all countries may seek to pursue advanced manufacturing in the future.
Moreover, the report recommends that new and innovative approaches be explored for public-private collaboration to accelerate transformation. Every country faces challenges that cannot be solved by the
private sector or public sector alone.
New approaches to public-private collaboration that complement traditional models can help governments quickly and effectively form partnerships that unlock new value.
It is also important to note that the assessment framework is based on two key hypotheses and working assumptions that will be tested and researched over time.
The first is that the most important drivers of future readiness are Technology & Innovation, Human Capital, Institutional Framework and Global Trade & Investment. These drivers have the strongest
correlation with economic complexity.
The report also notes that though technological advancement brings the potential for leapfrogging, but only a handful of countries are positioned to capitalise.