Survey: Small businesses more open to Industry 4.0

CAMBODIA: Small companies were more receptive to Industry 4.0, or the Fourth Industrial Revolution, where the economy is data-driven using high technology. This is based on the results of a survey by DataU, USAID, and the American Chamber of Commerce.

DataU managing partner Joseph Telfer said that a contributory rationale behind the results was because small companies do not use old upgradable technologies or they are not yet cognizant of what is ahead.

On the other hand, the findings indicated that big companies may be less optimistic because of the need to hire more skilled employees for new project plans. Only one in 10 respondents said they could find the right match between talent and salary. Moreover, only one in five sees its current employees as capable to work in a digitally transformed environment in the next five years.

The survey also provided insight that companies believe their senior staff may be lacking digital skills.

More than 200 organisations with less than 50 staff and conglomerates with more than 1,000 employees, participated in the survey.

USAID Cambodia Mission Director Nancy Eslick said, “What we’re doing is offering job training for Cambodians, for individuals who have lost their employment due to Covid. We’re part of the economic recovery here. It’s going to increase incomes for individuals, for families, for communities but also for companies.”

Based in Phnom Penh, DataU offers college short courses such as data visualisation, Excel, Python, problem-solving, communication, and critical thinking skills.

The US Agency for International Development (USAID) funds DataU’s six-month programme, with more than $300,000 in grants to students and employers to upgrade data analytics skills.

8 views0 comments