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Malaysia’s technology industry will continue to face talent woes

Malaysia’s technology industry will be characterised by strong growth in 2023. More MNCs are choosing
Malaysia as a location for their regional APAC hub for investment confidence as well as cost savings, while
others are based here to be part of a ‘follow-the-sun’ global service delivery model supporting internal and
external clients.

As a result, demand for technology talent will hold steady. In particular, the ongoing digitalisation of
companies in nearly every industry will see them acting on the growing need for software developers as
well as cyber security. Additionally, businesses are beginning to see the importance of data, and will look
to hire data experts to support various functions in leveraging business insights and accessing different
revenue streams.

However, a challenge that organisations in Malaysia face is the shortage of skills and talent, which will be
exacerbated with the growing demand. Without any significant changes to Malaysia’s work immigration
policies to help bridge this gap, organisations will have to prepare for an uphill battle for technology talent as the year progresses.