MALTA 4 ICT business and Jobs,  Mobility crucial to solving technology-led jobs crisis

MALTA 4 ICT business and Jobs,  Mobility crucial to solving technology-led jobs crisis

Millions of jobs stand to be lost thanks to advances in technology such as robotics, artificial intelligence and 3D printing, according to the World Economic Forum (WEF), but mobility is one of the key solutions to the growing problem.

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The WEF’s Future of Jobs report, released alongside the organisation’s annual meeting in Davos, says that more than seven million jobs are at risk from redundancy, automation or disintermediation thanks to technological change.

The report, which covers 15 of the world’s largest economies including Australia, Brazil, China, France, Germany, India, Italy, Japan, Mexico, South Africa, Turkey, the United Kingdom and the United States, predicts that the losses will occur by 2020.

White collar office and administrative roles will be worst hit. The losses will be offset somewhat by the creation of 2.1 million new jobs in fields such at computing, architecture and engineering.

“These predictions are likely to be relatively conservative and leave no room for complacency,” the WEF said in its announcement.

Women will fare worse than men, the WEF said. While the burden of job losses from the so-called ‘fourth industrial revolution’ will hit men and women roughly equally (52 per cent and 48 per cent respectively), the WEF adds that, “the fact that women make up a smaller share of the workforce means that today’s economic gender gap may widen even further than the current 40per cent.”

Women will lose five jobs for every job gained, compared to men losing three jobs for every job gained.

This can be partly explained by the fact that some of the roles at risk from automation and disintermediation, such as office and admin positions, are disproportianately performed by women.

Women are also under-represented in the job growth areas, however, with the lack of women in science, technology, engineering and maths (STEM) fields an ongoing issue.

There was some cause for optimism, though. The WEF said that “According to our survey, while traditionally employers have struggled to retain women colleagues beyond the junior level, respondents expect to see an increase of 7-9 percentage points in the share of women in mid-level positions by 2020 and an 8-13 percentage point rise in the number of senior positions being held by women as retention becomes ever more important in the face of key global talent shortages.”

The three sectors that will see the strongest increases in numbers of female workers between now and 2020 are energy (22 per cent – 30 per cent); basic industries and infrastructure (20 per cent – 27 per cent) and healthcare (41 per cent – 48 per cent).

Healthcare, however, also falls into the category of worst-hit sectors in for jobs thanks to technological disruption. The healthcare industry is likely to see the greatest negative impact in terms of jobs over the next five years, followed jointly by energy and financial services.

Unsurprisingly, the sector expected to create the most new jobs over the next five years is information and communications technology, followed by professional services and media.

“Without urgent and targeted action today to manage the near-term transition and build a workforce with futureproof skills, governments will have to cope with ever-growing unemployment and inequality, and businesses with a shrinking consumer base,” said Klaus Schwab, founder and executive chairman of the World Economic Forum.

Supporting mobility was listed as one of the most popular practices for dealing with the huge changes. Employers also said that re-skilling workforces, job rotation, attracting female and foreign talent and offering apprenticeships were key strategies. Hiring more short-term or virtual workers are much less popular responses.

Furthermore, companies that report satisfaction in their future workforce strategy are twice as likely to be targeting female talent and significantly less likely to be planning to hire more short-term workers.

The biggest driver of change across all industries is the changing nature of work itself, specifically in terms of ‘anytime, anywhere’ work leading to companies breaking up tasks in new ways and fragmenting jobs, as well the spread of internet-based service models. The so-called ‘gig economy’ is the most visible manifestation of this change.

There are causes for optimism, however, as fields such as big data, mobile internet, robotics and the ‘Internet of Things’ create new employment opportunities. The biggest expected drivers of employment creation, however, are socio-economic and demographic. Specifically, survey respondants said that young demographics and rising middle classes in emerging markets as well as the growing economic power and aspirations of women in developing countries present opportunities for job creation.

Telecoms giant Huawei signs MoU with Malta to test 5G

Telecoms giant Huawei signs MoU with Malta to test 5G

“Malta is open for business” 5G technology put Malta at the forefront and Maltaway is your gateway to access the Malta world

Chinese telecommunications giant Huawei has signed a memorandum of understanding with the Maltese government research and develop technologies in the country.
The MoU includes a commitment by Huawei to start testing 5G; which is over two times as fast as 3G and makes connectivity systems easier. The understanding also implies that the company will help the country develop its digital Malta strategy.
The strategy includes a nationwide fibre-to-home project and fibre wire connectivity to other countries aside from Sicily.
Gaming Authority executive chairman Joseph Cuschieri, tasked by the government to follow the project, said the agreement will not lead to the duplication of services.
“Huawei,” he added, “looked forward to partnering with local companies according to the way the project developed at the beginning.”
Cuschieri explained that 5G is not commercially available to the public anywhere in the world, and that developments in the technology could put Malta at the forefront.
The company will be operating from Smart City with a handful of existing employees transferring to Malta, but further expansion is not excluded.
“It is also not excluded that the company will employ at least one Maltese person to work as a business director or in another important post,”

The tech giant ranked 285th in Fortune 500 and it employs some 170, 000 people in over 140 countries worldwide.

“The company’s foray into Malta is particularly significant even just for bringing the country to its attention,” Cuschieri said, adding that this could also provide unique education and employment opportunities for future generations.

“Malta is also seen as a unique vehicle to test new technology due to its size,” Cuschieri added.

Earlier this month, Huawei formalised its cooperation with Europe’s 5G-PPP (public-private partnership), announcing the projects it will be working on under the project. Earlier this year, Europe’s digital commissioner Gunther Oettinger reiterated a grand vision for 5G that would include Chinese investment.

The 5G Infrastructure Public Private Partnership, in short 5G PPP, has been initiated by the EU Commission and industry manufacturers, telecommunications operators, service providers, SMEs and researchers. The 5G PPP will deliver solutions, architectures, technologies and standards for the ubiquitous next generation communication infrastructures of the coming decade.

Malta is open for business and ready to test new frontiers- Joseph Muscat

Speaking ahead of the signing of the memorandum, Prime Minister Joseph Muscat said that this agreement showed that the government was willing to take Malta to new directions.

Talking about the sheer magnitude of the company in question, Muscat joked that the income of the company was such that it could have easily bailed out Greece without needing to join forces with any other countries.

He added that the positive economic outlook comes on the heels of investments in various sectors like education, health and technology. He explained that the company would also lead to new opportunities to students wanting to work in an ICT environment.

“This government takes pride in foreign investment and what you see today is just the beginning,” he said stressing the government’s pro business stance.

The government’s special investment envoy to China, Sai Mizzi Liang addressed those gathered and made a humorous reference to the allegations made about her whereabouts and work.

“You have finally found me,” she said, going on to explain her crucial role in the agreements

She explained that her job was to bring technology and expertise to Malta from a country that is so distant from our own.

“My commitment is to give Malta the strongest voice in Asia,” she said explaining that during the previous year she had helped to arrange meetings between China and Malta.

She said that Huawei is one of the largest ICT companies around the world and that the MoU with Malta was the first the company was signing.

“This will make Malta the centre of Mediterranean technology hub even through the creation of a data recovery centre,” she said.

She added that the investment would lead to more employment and education opportunities as well as a stronger economy.

“It is in our interest to have good relations with China, both for its economy, technology and tourism,” she said stressing how these investments would create better opportunities for Malta.

Huawei Italy CEO Edward Chan said that the agreement today marked a new venture both for the company and for the country.

“We want to be responsible citizens here and we will contribute and continue to develop new technology for the country,” Chan said.

Competitive growth parliamentary secretary Jose Herrera, whose secretariat was instrumental in agreements and discussions, said that Huawei recognizes the needs and capacities that the country has to offer.