February 22, 2024

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Malaysia rises to 26th place in Global Talent Competitiveness Index 2020

Efforts to drive Malaysia’s digital talent development and workforce upskilling have received global recognition.

In the recently released Global Talent Competitiveness Index 2020 (GTCI 2020), a report by INSEAD University, Google and Adecco produced to track and measure talent performances across 88 countries, Malaysia rose from to 26th place from 28th in last year’s ranking. This is the country’s highest-ever ranking.

Malaysia scored strongly in the Enable, Attract, and Vocational and Technical Skills pillars. Besides that, it improved its ranking in the Retain pillar.

Malaysia also ranks 6th globally for Employability, besides placing high in two sub-pillars relating to talent enablement – namely Business and Labour Landscape (13th) and Market Landscape (22nd).

These achievements reinforce the fact that Malaysia is on the right track to develop industry-ready digital talent.

The country must continue to level up our workforce and provide a conducive environment for digital innovation and creativity to thrive, according to the Chief Executive Officer of Malaysia Digital Economy Corporation (MDEC).

More importantly, businesses now need such talents as entire industries must be digitalised as the global economy explores a new norm for a post-COVID-19 period.

This is where Malaysia’s digital talent development, digital adoption and global growth accelerator programmes for high potential local companies will play a key role in upskilling the nation’s talent to the next level.

It should also be noted that in the new GTCI 2020 ranking, Malaysia is the only country from the Upper-Middle income bracket that is in the top quartile of the report, outperforming high-income countries in the list such as China, South Korea, Spain and Portugal.

The country is working to make digital skills accessible to all Malaysians, and through its Grow with Google umbrella program Malaysia is helping to create economic opportunity for anyone interested to upskill themselves, the Google Malaysia Country Manager stated.

Growth opportunities in the times of COVID-19

According to another article, as governments across the globe work to flatten the curve of the COVID-19 outbreak, businesses are forced to rethink and re-strategise the way they operate.

In response, companies in Malaysia have quickly adopted new operational strategies once the movement control order was introduced.

This is largely due to the nation’s high-speed broadband infrastructure and mobile broadband capabilities that are in place, various robust digital services that are still operating, and the resilience of the local workforce.

The World Health Organisation recently praised Malaysia for its preparedness and response in managing the COVID-19 crisis.

It even selected Malaysia as one of the countries to test the effectiveness of drugs used to treat COVID-19 patients, a testament to the country’s ability to conduct lab work and research.

Digital infrastructure

The Communications and Multimedia Minister stated that reliable and affordable high-speed broadband connectivity is a key catalyst for bringing direct investments into Malaysia’s digital economy.

The Government is committed to ensuring the implementation of the National Fiberisation and Connectivity Plan (NFCP) to improve the country’s digital connectivity, with plans to roll out 5G in Q3 2020 still firmly in place. This is despite the economic uncertainties that the global pandemic brought about.

One of the direct beneficiaries of this connectivity initiative is the GBS industry in Malaysia. This has undoubtedly empowered their employees to work from home and allowed the industry to continue to operate.

Under the people-centric economic stimulus package that the Government recently announced in the wake of COVID-19, RM600 million was allocated to provide free Internet data usage to all Malaysians throughout the MCO period.

An additional RM400 million was also invested in improving network coverage and capacity to provide high availability and quality telecommunications networks.

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Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

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SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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