Big tech helping to bridge the digital divide in Asia
While the pandemic has accelerated digital transformation, it has also exposed the digital divide that exists in society today, a divide that is particularly acute across Southeast Asia.
LinkedIn has found that the top three fastest growing job categories in Southeast Asia for 2021 are digital content, data analyst, and software technology. And according to an AWS report between 666 million and 819 million workers in Asia-Pacific will use digital skills by 2025, up from just 149 million today, with the average employee requiring seven new digital skills in order to keep pace with emerging tech and technological advancements.
According to Ben King, Country Director, Google Singapore, the “pandemic has only accelerated our shift towards a world that is more digital” with digital marketing and cloud technology skill sets that are “now highly in demand, and this demand will continue to increase in the long run.”
The bottom line is that businesses across Southeast Asia are likely to face severe talent shortage, if they do not beef up digital reskilling of their workforces.
Tech companies working with governments
But who’s responsibility is this? The issue of how to share the costs of upskilling has not yet been solved, according to PwC’s Upskilling for Shared Prosperity report. And while there is unlikely to be an optimal one-size-fits-all approach to funding national upskilling initiatives, policies such as Singapore’s SkillsFuture may hold lessons for others.
What is clear however, is that to achieve widespread upskilling at a fast enough pace, the public and private sectors must work together, and the big tech companies must work with governments to help build digital skills and drive economy recovery.
According to Ahmed Mazhari, President, Microsoft Asia, “no single entity can thrive in isolation”, which is why private enterprises, employers, governments, and non-profits must collaborate and work across sectors to foster partnerships and solutions that will have lasting impact.
“Investment from both the public and private sectors, led by big tech, creates opportunities for startups and small enterprises and those they employ,” explains Mazhair, who argues that tech leaders have a “responsibility to help people acquire these digital skills, for their own benefit and to future-proof Asia’s competitiveness”.
So, which companies are partnering with the public sector in Asia to help narrow the digital divide?
- Microsoft Over the past year, Microsoft and LinkedIn’s global skills initiative has helped more than 30 million people in 249 countries/territories gain access to digital skills, including nearly six million in Asia. And as part of the next phase of this, the tech giant is committed to now helping 250,000 companies to make skills-based hires in 2021. “There will be an estimated 149 million new technology-oriented jobs globally over the next five years, so closing the skills gap for job seekers to grasp these opportunities is absolutely vital,” adds Mazhari.
- Facebook Back in March, the tech giant unveiled a new initiative in Singapore, with the aim of supporting the city-state’s journey towards becoming a smart nation. Titled Upskill with Facebook Singapore, the initiative offers four programmes, for up to 2,700 participants and 1,000 SMEs, that have been curated by Facebook in partnership with technology trade association SGTech.
- Google In summer last year, Google collaborated with Singapore’s Economic Development Board and the country’s SkillsFuture SG programme to unveil the Skills Ignition SG, a 9-month place and train programme for up to 600 applicants, providing job opportunities for Singaporeans in Google, as well as its ecosystem of hires, including startups and SMEs. And subsequently, with a focus on closing the digital gap for 200,000 micro, small and medium business owners in Southeast Asia, The Asia Foundation is being support by Google’s philanthropic arm, Google.org, to provide digital literacy training through the Go Digital ASEAN regional initiative. As of April 30, it had trained 3,385 jobseekers and entrepreneurs in the Philippines alone.
- AWS Amazon Web Services announced late last year that by 2025 it would help 29 million people grow their technical skills. To do this, it is investing hundreds of millions of dollars to provide free cloud computing skills training to “people from all walks of life and all levels of knowledge” and in more than “200 countries and territories”, says Teresa Carlson, Vice President of Worldwide Public Sector at Amazon. To date, via AWS Training and Certification, Amazon offers 500 free on-demand digital courses, with 50 launched last year, and available in multiple languages such as Bahasa Indonesia, Japanese, Korean, Simplified and Traditional Chinese.
People Moves APAC: Benetton, HSBC, Credit Suisse, Chubb
In a week where SingPost group CEO Paul Coutts resigns to pursue other opportunities, and HSBC announces the split of its leadership in Asia, with China gaining its own executive lead, we outline the latest executive transitions across Asia-Pacific and across industries, from finance to fashion.
David Liao to oversee HSBC’s operations in China
Following an announcement that HSBC is splitting the leadership of its Asian business as it pins its future on China, David Liao has been appointed as head of operations in China, moving from his current role as Asia head of global banking and markets. Having run the bank’s China business as CEO and President previously for five years, overseeing the expansion of HSBC’s mainland business since 2015, Hong Kong-born and UK-educated Liao has experience in dealing with officials and regulators in the country, and boasts deep knowledge of Chinese markets. Prior to this, Liao ran HSBC’s markets business in China and is known as an advocate of the continued liberalisation of China’s finance sector.
Aymar de Liedekerke Beaufort to head India operations at BNP Paribas
Banking veteran Aymar de Liedekerke Beaufort is promoted to head of territory, India, where in addition to his current role as head of the banks’ eight branches and chief of corporate and institutional banking, he will oversee the French bank’s back office operations and retail brokerage arm in India. Beautfort has been with BNP Paribas for the past three decades, most recently serving as chief executive of the bank’s India branches, and prior to that heading the bank’s operations in Vietnam, Czech Republic, Slovakia, Hungary and South Eastern Europe. In this expanded role, Beaumont will “drive Group strategy within our important India operation and enhance our ability to help clients tap the full range of BNP Paribas solutions across our global network”, says Paul Yang, APAC CEO for BNP Paribas.
Jack Siu named CIO of Credit Suisse, Greater China
Hong-Kong-based investment strategist Jack Siu has been named CIO for Greater China at Credit Suisse. With 15 years’ investment management experience, Siu has been with the bank since 2015, most recently serving as senior investment strategist, and prior to this was a portfolio manager at Generali Investments and an investment strategist at Citi. In this role, Siu will be responsible for developing Credit Suisse’s Greater China investment views across various asset classes.
Ramprasad Sridharan named CEO of Benetton India
Seasoned fashion retailer Ramprasad Sridharan has been appointed CEO of Benetton India, the Italian casual wear retailer that’s been in the India market since 1992. Bringing a wealth of experience in the fashion retail sector, having worked in leadership roles at Reebok India, Lerros Fashions India, and most recently as President APAC for footwear retailer Clarks, Sridharan has a “proven track record of building new business, developing brand, driving digital growth and commercial strategy” according to his LinkedIn profile.
Glen Browne appointed Chubb leader
Seasoned executive Glen Browne is appointed Division President, Consumer Lines, Asia-Pacific, a new role in which Browne will oversee the accident and health and personal lines businesses in the region. With 25 years of industry experience, including two decades at Chubb in New Zealand, where he has held a number of leadership roles, most recently serving as Deputy Regional President for APAC and Division President Southeast Asia, Browne has “the perfect blend of leadership and technical skills to steer the teams across the region to achieve our ambitious goals to grow our consumer business”, says Paul McNamee, Chubb’s regional president for APAC.