The event is open to EuroCham members only.
EuroCham Singapore, in collaboration with NTU’s Nanyang Business School, is organising an event on ‘Navigating the Future of Work: The Impact of AI on the Labour market.’ The rise of AI will result in the displacement of human workers across various sectors. This shift will lead to the transformation of the workforce, potentially rendering it unrecognizable by 2040 (Cremer. D, Kasparov. G).
Historically, technological advancements have led to job displacement and shifts in the labour market. Some routine and repetitive tasks can be automated, leading to the elimination of certain jobs. However, new technologies often create entirely new industries, job roles, and opportunities. It is expected that while AI may displace or alter certain jobs, new jobs will emerge to support the development, implementation, and maintenance of AI systems. The truth is that nobody knows for sure. We have weathered technological transformations before but the speed at which it is happening is unchartered territory. Nobel Prize-Winning Economist, Professor Christopher Pissarides, even claims that efficiency gains open the door for a 4-day work week.
Singapore has been embracing digital transformation as well as adopting AI and automation. The Government has recognized the potential of AI and implemented several initiatives to drive this transformation, such as nurturing the public trust in technology, upskilling workers and preparing them for the future of work. In addition, Singapore’s size and agility allows for swift adjustments, in case those would be needed.
The purpose of the EuroCham event aims to explore the broader implications of AI on society and the workforce in particular and how governments and businesses are dealing with it. The experts will delve into discussions such as reskilling and upskilling initiatives, policies and regulations, showcase multi-stakeholders initiatives and support systems, and the sharing concrete insights from businesses that are successfully embracing this transformative shift within their organizations.
09.00 am Registration
09.30 am Welcome Remarks & Housekeeping by EuroCham
09.35 am Opening Remarks by Mr Lovneesh Chanana, Chair of the Digital Economy Committee
09.45 am Keynote Presentation by Professor Damien Joseph from NTU’s Nanyang Business School
10.05 am Moderated Panel Discussion and Q&A by Mr Mario Favaits, Co-Chair of the Digital Economy Committee
11.00 am Closing Remarks by Mr Jukka Majanen, Co-Chair of the Human Development Committee
11.10 am End of Event
Speaker & Panellists
Mr Eric Chua
Director, Digital Economy Office
Ministry of Communications and Information
Mr Eric Chua oversees digital economy policies at the Ministry of Communications and Information, Singapore. His work includes developing and implementing policies to enable a thriving digital future for businesses and citizens and formulating regulatory and infrastructure policies to allow Singapore to fully and safely harness the potential of emerging technologies.
Mr Chua also held previous appointments covering investment policy at the Ministry of Finance, energy policy at the Ministry of Trade and Industry, and public transport policies and regulations at the Land Transport Authority. Mr Chua also co-founded technology startups in the travel and education sectors. He is an alumnus of MIT and the University of Cambridge.
Mr Damien Joseph
NTU’s Nanyang Business School
Damien Joseph is an Associate Professor of Information Technology at the Nanyang Technological University (Singapore), where he holds the appointment of Associate Dean (Undergraduate Academics) at the College of Business (Nanyang Business School).
Damien’s research seeks to understand why and how IT professionals, and more generally workers, sustain themselves in the course of their work and their careers. Specifically, his research interests are in examining themes relating to the nature of work, compensation, competencies, career, and job mobility. Underlying these themes of research is the contextual influence of subjective and objective cultures.
Damien’s research has been published in top international journals in the information systems (IS) discipline and in the management discipline. He has published in IS journals such as MIS Quarterly, Information Systems Research, Communications of the ACM, Information and Management, and Communications of the AIS. In addition, he has also published in management journals such as Human Relations and the Journal of Organizational Behavior. Damien regularly participates at major international conferences where his research has won the best paper awards.
His teaching interests are focused on developing business analytic skills in undergraduates and postgraduates, and advanced research method skills in Ph.D. candidates. In the undergraduate programme, Damien has taught a wide variety of courses including technological innovations and developments, systems analysis and design, designing and developing databases, business analytics consulting, and storytelling with data visualizations. He also led the design and implementation of the SkillsFuture Work-Study Degree programme in the Bachelor of Business (Business Analytics). In the Nanyang Ph.D. programme, Damien teaches an advanced research methods course on meta-analysis. As a known expert in this research methodology, he has been invited by universities to conduct research methods courses for faculty and Ph.D. candidates. Damien has received several school and departmental teaching awards.
Ms Akshita Shetty
Chief Human Resources SEA,
Akshita Shetty is the Interim Head of HR, Customer Success, APJ and is responsible for HR leadership across the region. She is trusted Advisor to the leadership team and is focussed on driving a people-first strategy, ensuring alignment with broader business goals. Since joining SAP, Akshita has taken over several regional/ global roles in India and Singapore. She has extensive experience leading global and regional projects, as well as working with cross-functional, multi-cultural teams.
In her previous roles, she led transformational, employee engagement and employer branding initiatives, fostering innovation, nurturing leadership, and championing change management. She is a strong believer in creating lollipop moments (everyday leadership), forming trusted relationships and empowering teams while retaining a sharp focus on delivering great results.
Mr Chomchana Trevai
Head of Artificial Intelligence Machine Learning ASEAN
Amazon Web Services (AWS)
Chomchana Trevai, known as Chom, is the Head for Artificial Intelligence and Machine Learning Business (AI/ML) in ASEAN at AWS. He has a wealth of experience in business development, having previously worked in similar roles at GE Digital, ServiceMax, and Cisco Systems in Japan for over 20 years. In his role at AWS, Chom helps customers successfully adopt AI/ML services and infrastructure to solve business challenges and improve the quality of life. He is passionate about using emerging technologies to drive practical business transformation and democratizing AI/ML to transform social and economic activities. Chom holds a PhD in Computer Science with a specialization in Engineering and Robotics Control, and has expertise in robotics/automation control, IT infrastructure, and digital transformation for the industrial sector, including cybersecurity and the Internet of Things (IoT).
Mr Nesan Govender
Nesan Govender is Accenture’s Talent & Organization lead in Southeast Asia. He brings with him over 25 years of consulting experience across Financial Services and Talent & Organization/Human Potential. Nesan is passionate about helping clients adapt to new ways of working driven by digital disruptions, as well as supporting them in developing the right skills and talent strategies to successfully answer future challenges.
Mr Mario Favaits
Director AWS Cloud Sales Asia-Pacific,Crayon
Co-Chair Digital Economy Committee, EuroCham
Over the past 25 years, Mario held several sales and operations (P&L) leadership positions at various multinationals across different industries including Enterprise, Automotive, Public Transport and Software.
Currently, he serves as the Director AWS Cloud Sales Asia-Pacific at Crayon, a fast-growing, listed, Oslo-based IT powerhouse. Crayon helps customers to optimize IT spending.
Prior to joining Crayon, Mario held leadership positions at Alstom, Continental, Siemens, Oracle and SMRT, Singapore’s largest Public Transport Operator. Between 2014 and 2019, he was a member of SMRT’s executive leadership team. In 2019, Mario joined the AI and IoT startup scene as an advisor and/or investor.
Mario is the co-chair of EuroCham’s Digital Economy Committee and is the author of an online AI course for Executives, in collaboration with Deloitte. He holds a Master of Science in Mechanical and Electrical Engineering from the University of Brussels, an MBA from the University of Antwerp Management School and a Master of Laws from the University of Liverpool.
On 10 October, we hosted our event on the “Impact of AI on the Labour Market,” featuring an impressive lineup with Singapore government, university, and businesses.
We extend our gratitude to all speakers and panelists for their insightful contributions, as well as to our attendees. A special thank you to Amazon Web Services (AWS) for hosting this discussion and to Crayon for providing a delicious breakfast.
AI is expected to impact 40% of our working hours, either by augmenting tasks or making them obsolete. Let’s recognize the opportunities this brings, as job roles and norms will evolve. Our conversation today was just the beginning. We look forward to diving deeper into these topics through various committees coordinated by EuroCham. Thank you once again for your contributions, and we hope to see you soon!
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