Industry 4.0 is bringing rapid technology advancements, changing the nature of work and increasing demand for a skilled workforce. The McKinsey Global Institute projects that by 2030 technological expertise demand will increase by 55 percent. In Indonesia, over five million jobs are expected to be created as a result of technological change.
Indonesia’s huge source of youthful human capital has the potential to be one of the country’s most powerful economic levers as it prepares for the digital era. However, educational attainment and technical competency lags behind other Southeast Asian countries and there is a gap between the skills graduates and workers have and those industry leaders need. The Boston Consulting Group predicts that within five years, Indonesia’s largest firms will struggle to source qualified candidates for half of their entry-level positions.