During e-skills event, Elements of AI, organised by Eskills Malta Foundation, The Malta Chamber CEO Ing. Edward Chetcuti weighed in on the importance of businesses of all sizes to adapt to emerging technologies.
Mr Chetcuti said that “Most firms understand the value that new tools can bring, but given the pace of technological change, knowing exactly what they need and where to start can be challenging.”
The Malta Chamber CEO noted that The Malta Chamber assists its members from a two-fold perspective. From a Micro perspective, members are provided with insight on how to incorporate work flow and data models together in an artificial intelligence framework, with the help of external experts.
On the other hand, from a Macro perspective, representations to Governement are made to show how digitalisation has become paramount for industry. Such calls are done in the context of the need for a business re-engineering scheme which the Malta Chamber itself proposed in its pre-covid budget.
Addressing the event, the CEO stated “Progressing from where we are today to where we want to be tomorrow boils down to three concepts. Adopting the right mindset, nurturing an adequate skillset and deploying the appropriate toolset.” From The Malta Chamber’s point of view, this will be achieved through a digitisational overhaul together with a digital CRM integrated system that will enhance communication efforts with members.
Ing. Chetcuti continued by saying that The Malta Chamber recognises how vital AI and digitisation are for all business sectors. “We analysed how our companies need to be guided from strategy to action. To this effect, last year, we set up a Public Private Partnership with the Government called Tech.MT, to actively contribute towards taking our ICT industry to the next level with our efforts towards development of talent, investment drive and incubate an ecosystem to allow the AI sector to flourish from start-ups to bigger industry players” said the CEO.
Shedding some light on how AI would benefit The Chamber’s overall objectives, the CEO stated “Going forward, we want the Government to ensure that the digital / technology sector does not only remain an enabler but truly becomes a core and central tenant of our society and economy. This is a primary recommendation which emerges from a Think Tank exercise which we recently concluded.”
Ing. Chetcuti noted how The Malta Chamber’s objective is to be a proactive protagonist in attracting and cultivating the right environment for the AI sector to thrive, contributing towards measures in terms of law and ethics, infrastructure and education, and re-skilling the workforce to address the issue of job displacement.
The Malta Chamber CEO concluded by saying “COVID-19 has brought technology at the core of our being and functioning. Going forward, technology is a key pillar of an economic revival strategy. We are confident that all these initiatives, together with others, are already placing The Malta Chamber at the forefront of support services that are relevant to enhance economic activity in future with disruptive technologies.”