Page 24 - ASEAN BUSINESS AND INVESTMENT SUMMIT 2019
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24     ABIS 2019



        5  Panel  Discussion:
           th

        ASEAN HUMAN EMPOWERMENT

        AND DEVELOPMENT






              The current world is facing an emergence of the Fourth Industrial Revolution (4IR). This
        phenomenon denotes the abrupt and radical changes toward manufacturing, business and
        economy which arises from the new breakthroughs of digital technologies. The 4IR will generate
        the benefits and the challenges at the same time. It has made possible new products and services
        that increase, at no cost, the efficiency of daily life for human beings. It will affect jobs, business
        models, industrial structures, and etc., particularly for the job skills, the production process, and the
        manufacturing pattern. In this sense, it should pay attention to the importance of human capital as
        a precondition to compete in the digital era and the concerns of skilled workforce to be replaced
        by machines. Nevertheless, the advent of new technologies through research and development
        would help create jobs, especially new jobs and new skills for future occupations.





        Objectives



              To explore opportunities and challenges of 4IR toward human capital, particularly skilled
        workforce and professional services and present ways to seize the opportunities and deal with the
        accelerated rate of change in disruptive technologies which affect human capital.



        Key Questions




            01   What are ASEAN’s opportunities and challenges posed by 4IR, and how can governments
                 and companies respond to the emergence of 4IR?


           02    What are the benefits and the constraints of human capital in response to 4IR, especially
                 skilled workforce and professional services?

           03    How will the incorporation of advanced technologies (such as robotics, A.I., IoT, etc.)
                 affect the future of ASEAN citizens who are skilled and unskilled?
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