WHY SG MAY FEEL AI DISRUPTION SOONERÂ
Mr Lam, who is the executive chairman of accounting firm PwC Singapore, said the country’s position as a highly open and globally connected economy means technological shifts tend to have a faster and more pronounced impact here.Â
âWeâre an open economy, highly competitive, highly skilled and highly value-added. Technological advancement has a compounded impact on us. (We) will feel the impact faster than anyone else in the world,â he said.Â
He acknowledged that this will inevitably create anxiety for workers â from fresh graduates worried about finding a career path to mid-career employees concerned about staying relevant in the age of AI.Â
Business owners, too, are under pressure to keep companies competitive in an increasingly volatile environment, he noted.Â
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