Innovation and technology are rapidly transforming production in a variety of industries and reshaping occupation profiles. Some jobs are being made obsolete while there are new types of work emerging. Is Sri Lanka’s job market ready to face the challenges and leverage the opportunities presented by the Fourth Industrial Revolution? Nisha Arunatilake and Chathurga Karunanayake explore.
The importance of 4IR and Sri Lanka’s preparedness for it has gained growing prominence in policy discourse, albeit at a superficial level. As such, Sri Lanka needs to focus on both technological preparedness as well as creating a complementary economic ecosystem. To do so, policymakers and private sector stakeholders alike should be cognizant of three critical pillars of 4IR readiness: digital readiness, human capital readiness, and economic agility. This blog by Kithmina Hewage briefly discusses Sri Lanka’s position against these three pillars.
The ongoing battle between the US and the Chinese tech giant, Huawei, is escalating due to both parties’ eagerness to dominate 5G technology, the next major global technological revolution. Just recently, the US government blacklisted Huawei, creating chaos around the globe. Despite this, 5G technology is a massive breakthrough in the telecommunication industry and can herald significant changes in Sri Lanka as well. A few network service providers have already taken initiatives to deploy this technology in the country. This blog highlights the factors that prompted the accelerating tension between US and Huawei, and in turn discusses how it might affect Sri Lanka.