Vision 2030 aims to change people’s mentality to gain better skills, empowerment

Vision 2030 aims to change people’s mentality to gain better skills, empowerment
Left to Right: Jonathan Holmes, managing director Korn Ferry with senior executive Danny Leinders & managing partner George Karam at the report launch in Riyadh. (AN Photo)
Updated 18 May 2018

Vision 2030 aims to change people’s mentality to gain better skills, empowerment

Vision 2030 aims to change people’s mentality to gain better skills, empowerment

RIYADH: Korn Ferry, a US-based initiative that helps leaders and organizations to succeed by releasing people’s full potential through talent strategy tools and consulting services, released a study recently that projected a surplus of mid-skilled workers, and a deficit of high-skilled workers in the Kingdom.
The study, entitled “Future of Work Project,” combines quantitative and qualitative input from markets around the world to help government and corporate leaders better understand, prepare for and align the workforce of the future with the digital economy of the future.
A shortage of skilled talent will continue to impede growth and, if not addressed appropriately, could have a significant impact on major global economies by 2030, including a potential unrealized annual revenue of more than $206 billion in Saudi Arabia, the study revealed.
Addressing a press conference in Riyadh, Jonathan Holmes, managing director, Korn Ferry MENA, said: “This talent crisis has the potential to greatly impact individual company growth as well as ambitious national economic development strategies to diversify and grow local economies.
“Now is the time for leaders in both the public and private sectors to proactively plan and align the workforce of the future to power the growth needs of the economy of the future,” he added.
The study estimates the impending talent crunch by modeling the gap between future labor supply and demand at three critical milestones of 2020, 2025 and 2030.
It scrutinizes data and business intelligence to uncover the extent of the talent shortfall in 20 major developed and developing economies. Besides Saudi Arabia these include Brazil, Mexico, the US, France, Germany, the Netherlands, Russia, South Africa, the UAE, the UK, Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Singapore and Thailand.
Speaking to Arab News, George Karam, managing partner at Korn Ferry, said: “The study based on national statistics is global, representing the largest chunk of global economy in terms of financial as well as population in the workforce. We studied supply and demand and through sophisticated economic modeling, we made some predictions about the situation in the labor market, and how it is going to be.”
These are, of course, projections, because we are looking at the year 2030 as the key year. “What we have discovered through the analysis of the numbers is that even now, by 2020, if nothing serious and major gets done, we in Saudi Arabia will suffer a deficit in human capabilities at the top level, level A, of highly skilled workers, people with university education,” he added.
“A crunch on talent puts the country in a situation where there will be a huge loss, by 2030 the shortage of A level workers will cost $206 billion of unrealized output, which means product output that could have been realized if the country would have required skilled people,” he underlined.
He expressed hope, however, that Saudi Vision 2030 would do a lot of good addressing this issue to fill this projected gap, because a number of initiatives and programs have been designed and anchored around improving the capabilities of the human capital in Saudi Arabia and to attract and retain more Saudi nationals who are working outside the Kingdom.
Karam added: “There is a surplus of one million people at the level B of mid-skilled workers with high-school education and some level of professional qualification. If upgraded they can help fill the gap at the level A reducing talent deficit at the high level.”
He noted that Saudi Arabia is already taking proactive measures to strategically address their looming talent gaps as part of long-term economic and social development platforms, as does the creation of the National Digitization Unit (NDU) under the Saudi Vision 2030, which is structured to add an estimated 200,000 jobs to the economy by 2025 directly related to the role that advanced technology, artificial intelligence and industrial automation will play in the future of society.
Commending Saudi Vision 2030, he pointed out that it is not just aimed to help Saudis to get handsome salaries but rather to help them gain more talents, and better skills in different sectors by 2030.
“What is important is to change the mindset of the people toward excellence in their work,” he said. He adde that the future will be built on the effective partnership between people and technology.
The acute demand for workers with the right skills that businesses need, rather than the much-discussed domination of technology in business, could become the defining issue of our age, said Karam.
The study on talent shortage, supply and demand revealed that leaders’ belief that physical capital will outperform human capital in the future of work translates into a trillion-dollar blind spot, while
economic research as part of the same study proved that people are set to add $1.215 trillion to the global economy, almost 2.33 times greater than physical capital, including technology.
The new report highlights the challenge companies will face in finding talent with the right competencies and experience to fully realize that human capital potential as well as to maximize investments in advanced technologies that are impacting workforce needs.
On a global level, the potential unrealized economic opportunity totals more than $8.5 trillion due to a talent gap of more than 85 million skilled workers.
Markets across Europe, the Middle East and Africa account for approximately $1.9 trillion in unrealized revenue potential annually by 2030, with a talent gap of 14.3 million workers.


Saudi organizations continue to face cyberattacks

Saudi organizations continue to face cyberattacks
The report explores the impact of cyberattacks and breaches on organizations and details how security teams are adapting to these challenges. (AFP)
Updated 18 min 18 sec ago

Saudi organizations continue to face cyberattacks

Saudi organizations continue to face cyberattacks
  • “Having an infrastructure that can provide a security operations center, with robust situational intelligence, will give context to threats and help prioritize potential targets and remediate risk with confidence”

JEDDAH: Saudi Arabia’s senior cybersecurity professionals and their organizations continue to face serious threats as nearly 93 percent of the 252 organizations surveyed in the Kingdom experienced a cyberattack in the past year, according to a report.
VMware, an American cloud computing and virtualization technology company, released the findings from the fourth installment of the Global Security Insights Report. It was based on an online survey of 3,542 chief information security officers (CISOs), chief information officers (CIOs), and chief technology officers (CTOs) in December 2020 from across the globe.
The average number of breaches suffered by each organization was 2.47 over the past year while 11 percent of respondents said their organizations had been breached between 5 to 10 times. The uptick in attacks was mainly due to more employees working from home, highlighting the vulnerabilities in legacy security technology and postures.
The report explores the impact of cyberattacks and breaches on organizations and details how security teams are adapting to these challenges. Accelerated digital transformation has caused security teams to face evolving threats as cybercriminals seize the opportunity to execute targeted attacks exploiting fast-tracked innovation and remote workforces.
In an online press conference, Ahmed El Saadi, VMware’s regional director of sales, Middle East, Turkey, and Africa, said that complexity is the enemy of security. It is an indication that organizations cannot see into the corners where personal mobile devices and home networks have been grafted to corporate distributed IT infrastructure through insecure technologies such as VPNs.
“It is vital that organizations gain visibility of their networks through cloud-based technologies such as Secure Access Services Edge (SASE),” El Saadi said.
“Having an infrastructure that can provide a security operations center, with robust situational intelligence, will give context to threats and help prioritize potential targets and remediate risk with confidence.”

HIGHLIGHT

The average number of breaches suffered by each organization was 2.47 over the past year while 11 percent of respondents said their organizations had been breached between 5 to 10 times. The uptick in attacks was mainly due to more employees working from home, highlighting the vulnerabilities in legacy security technology and postures. 

The Saudi Data and Artificial Intelligence Authority (SDAIA) and the National Information Center are doing a quite great job in this regard, he said, as they are using advanced cybersecurity technology to ensure secure services.
For his part, Saif Mashat, VMware’s country managing director, Saudi Arabia, said it is vital for organizations in the Kingdom to fully understand their security weaknesses if they are to improve their security posture.
“Many organizations surveyed are already using, or planning to use a cloud-first security strategy, and while they may encounter significant challenges related to cybersecurity, there is room for optimism,” Mashat told Arab News.
“By adopting an intrinsic, cloud-first approach to security, whereby security is built-in, and not bolted-on, organizations will be able to address challenges including ineffective legacy security technology and process weaknesses.”
He added that this will ensure companies in Saudi Arabia are better positioned for success in a fast-changing world, while also supporting the Kingdom’s ambitions to be a digital leader.
The report highlighted a shift that has undoubtedly changed the threat landscape, requiring security teams to transform their cybersecurity strategies and stay one step ahead of attackers.
The report also emphasized that key focus areas for the coming year must include improving visibility into all endpoints and workloads. Responding to the resurgence of ransomware, delivering security as a distributed service, and adopting an intrinsic approach to cloud-first security are also vital for a company’s security.
Moreover, 11 percent of all breaches were caused by ransomware, which continues to see a rapid escalation.
Ransomware has added an unwelcome tension as multistage campaigns involving penetration, persistence, data theft, and extortion are ramping up the pressure. Attackers are capitalizing on the disruption faced by remote workers and in most ransomware attacks, email continues to be used as the most common attack vector to gain initial access, the report said.
The message is being heard as 80 percent of respondents agreed they need to view security differently than they did in the past due to an expanded attack surface prompted by the coronavirus (COVID-19) pandemic. Apps also topped the list as the most vulnerable point on the data journey, but they are by no means the only area of concern.
The report also found that third-party apps are a common cause of breaches. Of the surveyed professionals, 78 percent said their ability to innovate as a business depends on them, so it is not surprising that security teams are focusing on sharpening their approach to consuming and developing them.
Some 46 percent of respondents said they plan to build more security into their infrastructure and apps and reduce the number of point solutions while 38 percent said they have adapted security to mitigate risk using existing assets.


King Abdul Aziz library launches reading marathon

King Abdul Aziz library launches reading marathon
King Abdul Aziz Public Library. (SPA)
Updated 4 min 43 sec ago

King Abdul Aziz library launches reading marathon

King Abdul Aziz library launches reading marathon
  • Events and activities are being prepared by specialists in children’s culture and literature, and will include a series of meetings with talented children

RIYADH: The King Abdul Aziz Public Library is hosting activities and events for the fourth session of the Reading Marathon for Children, which will continue until July 14.
Children taking part in the four-week marathon will be divided into two age groups: The first for children aged between seven and 10, and the second for children aged between 11 and 15.
Three days will be allocated for each age group.
Events and activities are being prepared by specialists in children’s culture and literature, and will include a series of meetings with talented children who have read a large variety of literary, artistic and children’s books.
Each week, children taking part will prepare an artistic project through a live workshop, which includes definitions of international arts from around the world.

 


Saudi, UN rights bodies discuss strengthening ties

Saudi, UN rights bodies discuss strengthening ties
Al-Awwad briefed the UN delegation on the most prominent reforms and developments in the field of human rights in Saudi Arabia. (SPA)
Updated 8 min 20 sec ago

Saudi, UN rights bodies discuss strengthening ties

Saudi, UN rights bodies discuss strengthening ties
  • Saudi leadership’s support and guidance had a great impact on the HRC mission to promote and consolidate human rights principles for the benefit of Saudis and expats

RIYADH: The Saudi Human Rights Commission (HRC) and the Office of the UN High Commissioner for Human Rights (OHCHR) held a
meeting to further ongoing partnership between the two organizations.
HRC President Dr. Awwad bin Saleh Al-Awwad received at the commission’s headquarters in Riyadh a delegation led by Mohammed Ali Al-Nsour, chief of the Middle East and North Africa section at the OHCHR.
Al-Awwad briefed the UN delegation on the most prominent reforms and developments in the field of human rights in Saudi Arabia.
The HRC and OHCHR have been institutional partners since signing a memorandum of understanding in Geneva in 2014.
They have jointly trained some 4,500 human rights specialists, lawyers, government officials and law enforcement officers in Saudi Arabia. 


Saudi, Omani officials discuss economic zones ties

Saudi, Omani officials discuss economic zones ties
Updated 24 min 29 sec ago

Saudi, Omani officials discuss economic zones ties

Saudi, Omani officials discuss economic zones ties

JEDDAH: The secretary-general of the Economic Cities and Special Zones Authority (ECZA), Nabil Khoja, met on Tuesday in Riyadh the undersecretary of the Ministry of Commerce, Industry and Investment Promotion of Oman, Asila Al-Samsamiya, to discuss special economic zones between the two nations.

They covered cooperation and integration opportunities the zones would offer, with Khoja touching on the ECZA’s role as the organizational umbrella that ensures the alignment of the special economic zones project with the Kingdom’s Vision 2030 and national strategies.

He stressed that the meeting with Al-Samsamiya comes within the framework of strengthening international cooperation via special economic zones and seeking to build strategic partnerships.

Khoja noted that the ECZA has expertise in supervising, regulating and controlling economic cities and special zones, which can be shared between the Kingdom and Oman. He added that this will contribute to achieving the goals of the two countries, and to enhance the vital role that the ECZA can play in realizing the objectives of Vision 2030.

This meeting followed an extended session between the ECZA’s team, headed by the vice secretary-general for Special Economic Zones, Wassim Khashoggi, and the deputy chairperson of the Public Authority for Special Economic Zones and Free Zones in Oman, Ahmed Al-Deeb. 

The two parties discussed providing support for Omani efforts to attract Saudi investment for special economic zones and free zones projects in the Sultanate.

They also covered the possibility of establishing a Saudi industrial zone in Oman, which the Saudi side would develop, operate and manage, and build roads to transport goods between the Saudi and Omani special economic zones.


Saudi art, music collide in exhibition

Saudi art, music collide in exhibition
The event will include seminars by expert speakers, performances, presentations on Saudi music and its symbols, and an art exhibition. (Supplied)
Updated 30 min 40 sec ago

Saudi art, music collide in exhibition

Saudi art, music collide in exhibition
  • The Jeddah event, which runs until June 28, will also shed light on art and its relationship with music

JEDDAH: Music can transcend boundaries, bridging gaps between different cultures and creating an atmosphere that is appreciated by all.
On World Music Day, the Saudi Arabian Society for Culture and Arts (SASCA) celebrated in Jeddah its first Music Forum under the slogan “Music is the universal language of mankind.”
The event was sponsored by the University of Business and Technology (UBT), with the participation of 84 artworks.
The forum, which aims to break music barriers, is proof of how musicians from different backgrounds can learn from each other while forging new artistic collaborations, according to Mohammed Al-Sobieh, the director of the association in Jeddah.
“Music is a universal language that brings people together to express themselves, and collaborate,” Al-Sobieh said.
The forum gathered musicians from Saudi Arabia, the US, France, Syria, Portugal, Egypt and the Philippines.
Music tastes are no longer confined to a single genre, language or even country. People often enjoy songs in languages they do not speak, showing how music can transcend cultural boundaries.
Al-Sobieh said the forum is one of the most prominent activities on SASCA’s annual agenda. “The event provides a platform for musicians from everywhere to compete in offering their inspiring music.” The Jeddah event, which runs until June 28, will also shed light on art and its relationship with music. It will include seminars by expert speakers, discussion groups, performances, presentations by intellectuals on Saudi music and its symbols, and an art exhibition. He added that Saudi music icons will be honored during the 10-day event.

HIGHLIGHTS

• On World Music Day, the Saudi Arabian Society for Culture and Arts (SASCA) celebrated in Jeddah its first Music Forum under the slogan ‘Music is the universal language of mankind.’

• The event was sponsored by the University of Business and Technology (UBT), with the participation of 84 artworks.

• The Jeddah event, which runs until June 28, will also shed light on art and its relationship with music.

Al-Sobieh said that Jeddah has always been a cultural hub in the region, proudly adding that the Jeddah Association brought together the pioneers of Saudi music.
A musically inspired art exhibition called the “Whispering Iron” will also be displayed. It was created by renowned artist Mansour Al-Mutairi, a member of the Saudi Plastic Artists Association and owner of Najdeh Colors Art Salon. The exhibition includes around 42 artworks, including  20 models of musical instruments.
Al-Mutairi has recently turned his hand to creating art from musical instruments, both modern and old.
The solo exhibition showcases metal sculptures made from huge piles of scrap metal collected from junkyards. While Al-Mutairi believes that they have been exquisite art forms in their prime, he has given them a new lease of life.
“My exhibition is entirely dedicated to music and it is my personal tribute to some of the Saudi singers, poets, musicians and composers I have listened to in my life and who have made a great impact on the Saudi music. Poets such as Prince Bader bin Abdulmohsen, Prince Khalid Al-Faisal, composer Tarek Abdulhakeem and singer Talal Maddah.”
He added: “There are over 40 works on display, each telling their own story about these wonderful machines of music and our relationship with them.”
Al-Mutairi, from Taif, hopes to expand the exhibition to other parts of the Kingdom as part of a bigger national project.
Demonstrating its continued support of art and culture, the UBT has announced its sponsorship of the Music Forum for the next 10 years. UBT Chairman Abdullah Dahlan said at the opening ceremony: “We are proud to be the official sponsor of the Music Forum because we are very keen to merge education with arts and culture.”