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Monday, May 20, 2024

Batticaloa's Golden Root: Reinvigorating Ginger Production for a Prosperous Future

Batticaloa, a district synonymous with fertile lands and agricultural abundance, faces a critical crossroads. While the nation boasts hundreds of graduates in economics, commerce, and agriculture, the agricultural sector struggles to thrive. This article delves into the challenges faced by Batticaloa's farmers and proposes a roadmap for a brighter future, centered around the high-demand crop – ginger.

The Glaring Gap: Traditional Methods vs. Market Demands

The stark contrast between ginger's lucrative price of Rs. 5,000 per kg and the meager earnings from vegetables like brinjal, ladyfinger and others highlights a crucial issue: a disconnect between production and market demands. Farmers, clinging to traditional methods, continue to cultivate low-profit crops, leading to financial hardship and a potential exodus of skilled labor.

Saturday, May 4, 2024

Demand-supply gaps: How to produce skills for the IT industry

Executive Summary

Sri Lanka is poised for growth in knowledge industries and high-value-added services and expects to create 1 million employment opportunities by 2020 in such industries and services. Information and Communication Technologies and Knowledge/Business Process Outsourcing are two key industry areas expected to considerably contribute to this growth. IT/BPO industry is expected to contribute over US$ 5 Billion by 2020. It is also likely that a 1,000 startups in the technology sector will be created by 2020.

The key requirement that needs to be satisfied to achieve such ambitious growth targets is the availability of sufficient number of adequately qualified personnel. Sri Lanka annually produces around 7,500 graduates in ICT and related disciplines. However, an optimistic estimate of the man-power requirements to support the planned growth targets is at least 20,000 skilled personnel per year. Thus, we have a challenging task ahead of us to satisfy the industry needs, both quantity wise and quality wise. Another variable in the supply-demand equation is the skills of graduates produced by universities. While graduates from IT and other related disciplines have no trouble in finding employment, not all are absorbed in to the direct IT/BPO related companies.

Friday, May 3, 2024

AI's Impact on Future Employment Opportunities in Sri Lanka

Sri Lanka stands at a crossroads. With a growing young population and a burgeoning IT sector, the country has the potential to become a regional hub for innovation. However, this progress comes hand-in-hand with a looming challenge – the rise of Artificial Intelligence (AI). AI has the potential to revolutionize industries across the board, and Sri Lanka isn't immune to its impact. This article will delve into the latest statistics and information to explore the two sides of the coin - the potential job displacement caused by AI and the new employment opportunities it creates – focusing on how Sri Lanka can navigate this transformation to secure a brighter future for its workforce.

According to a 2023 World Economic Forum report, while AI and automation are estimated to displace around 85 million jobs globally by 2025, this disruption will be accompanied by the creation of 97 million new roles. The key lies in understanding which sectors are most vulnerable and which ones stand to benefit from AI integration.