The job market is changing at a breakneck speed that many people will become irrelevant as technology outsmarts more jobs.
As we navigate through turbulent times, organisations are looking for people who have skill set as per the market requirement to take the companies forward to the next level of profitability and improve market valuation strategically.
“The new source of power today is not money in the hands of a few, but information (market intelligence) in the hands of many. Empower people and watch the result,” IQI Group Holdings chief economist and investment strategist Shan Saeed told The Malaysian Reserve.
“You empower people by enhancing the skill set and building their productivity in the long run. Moving forward, more and more jobs will be created in the area of intellectual capital and technology-driven industries.”
The expected disruptions, as outlined by Shan, as well as the challenges and opportunities presented by the new economic mega shifts in global markets and changing business models are among the key points to be discussed at the Business Foresight Forum (BFF) 2017 in Kuala Lumpur on Oct 25.
The one-day event is the maiden forum of this nature organised by the Securities Industry Development Corp (SIDC), the training arm of the Securities Commission Malaysia. SIDC provides capital market learning and development solutions for industry participants in Malaysia, as well as supports growth and emerging markets that include market professionals and company directors.
Shan will appear as a guest speaker and a panellist at BFF 2017. His topic “Brexit, Trumponomics and Beyond” will compare and analyse how Brexit and Trumponomics affect global business value chains of emerging economies and the challenges they pose to globalisation.
It will also look at the significance of China’s One Belt, One Road and India’s steady global rise and influence.
In a panel discussion, he will be joined by Citi MD and Asia Pacific government affairs head Catherine Simmons and Asian Development Bank regional cooperation and operations coordination division for South-East Asia department director Alfredo Perdiguero.
With an advent of technology in an uncertain era, products and services are becoming obsolete overnight and competition from startups are challenging the traditional way of business with higher valuations.
On this front, Shan said capturing mind share in order to build market share has become the new obsession for many organisations.
“Brand equity has taken the centre stage of revenue-driven smart companies. More and more sophisticated investors are moving away from the traditional way of investing and going into smart beta for better returns in order to reduce volatility in unpredictable economic times.
“So, the question on everyone’s mind working in the financial market is how to stay relevant in these turbulent times? Building the skill set as per the market-based requirement is important for smart people in order to remain productive, relevant and efficient all the times,” he said.
IQI is a global real estate and investment advisory firm operating and advising in Dubai, Malaysia, Australia, Canada, the Philippines and Vietnam.
BFF 2017 will also tap the experience of disruptors. In the panel discussion entitled “Disruptors and Responses”, it will feature FashionValet Sdn Bhd co-founder Fadzarudin Shah Anuar and BorderPass founder Faisal Ariff, along with radio station BFM 89.9 founder Malek Ali.
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| FashionValet’s Fadzarudin Shah will be featured in the panel discussion entitled ‘Disruptors and Responses’ | Faisal is leading borderPass to be the 1st cloud passport, keeping your travel history organised |
The discussion is expected to focus on the emergence of new business models and consider the opportunities and threats they pose to all traditional business models. It also explores systemic vulnerabilities from cyber threats and what it takes to be an adaptable and resilient organisation in a volatility, uncertainty, complexity and ambiguity world.
FashionValet is an independent online fashion and beauty retailer offering shoppers reputable and upcoming fashion labels from around the South-East Asia region. Badging itself as the largest online fashion store in the region, it won the business pitching show MyEG Make the Pitch Season 2 to successfully raise seed capital for business growth in Malaysia.
BorderPass, on its part, wants to be the first “cloud passport” which gets rid of immigration forms and keeps your travel history organised.
Sourced from themalaysianreserve.com