Wednesday June 26, 2019

Sri Lankan firms told to upskill workers, collect data

Oct 06, 2017 13:19 PM GMT+0530 | 0 Comment(s)

ECONOMYNEXT – Sri Lankan logistics companies need to invest to improve the skills of their workers to meet new employment demands and start collecting data to remain competitive, said Thilan Wickramasinghe, co-founder and chief executive of Create Lab, an Edu-Tech start-up based in Singapore.

Digital technologies are disrupting existing work practices but the rapidly changing business environment also provide opportunities, the investment banker-turned-entrepreneur told the 2017 International Conference of the Chartered Institute of Logistics & Transport (CILT).

The conference, focusing on the impact of disruptive technologies on logistics and transport, discussed how new trends like robotics, autonomous vehicles, drones, the Inter of Things, block chain and artificial intelligence and big data affect the sector.

“Businesses are throwing out a lot of data – start collecting it,” Wickramasinghe said. “Give employees support to be ‘intrapreneurs’ who work within the company to find better solutions, because they know best.”

Wickramasinghe said companies need to give time off to employees to improve or acquire new skills.

“It is better to upskill your employees by giving them time off to study – because you are going to have to buy specialised skills otherwise.”

Wickramasinghe robotics technology like autonomous vehicles, drones, and warehousing logistics will improve efficiency and reduces costs in logistics and also reduce manpower.

This means, for instance, that logistics warehouses can be made them smaller because there’s no need to support human beings.

“It also means you can locate them closer to cities and customers,” Wickramasinghe said.
(COLOMBO, October 6, 2017)


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