RAMSSOL Group Bhd, a leading domestic human capital management (HCM) solutions and technology provider will collaborate with leading artificial intelligence robotic process automation (AI-RPA) firm Laiye as its first authorised training partner for intelligent automation technology across Southeast Asia.
Through the partnership sealed through its wholly owned subsidiary Rams Solution Sdn Bhd, Ramssol is tapping into the automation training business by providing RPA skills training to equip employees or jobseekers with a broad range of AI- RPA knowledge, concept, and functionality with abilities to design, develop, and manage.
Its maiden training programme will be launched in Malaysia in 4Q 2021 (followed by the rest of Southeast Asia) with a target of creating 200 skilled professionals.
Robotic automation software is expected to grow at a compound annual growth rate (CAGR) of 50.7% from 2018 to 2023 as adoption of Industrial Revolution 4.0 (IR4.0) technologies accelerate, especially as businesses strive to become more efficient in the wake of COVID-19 challenges, according to the latest release of Worldwide ICT Spending Guide Industry and Company Size.
“Malaysian companies need to move swiftly in preparing employees for an AI-centred future and embrace new technologies. This will require companies to plug the skills gap through a proper upskilling strategy,” commented Ramssol’s group managing director and CEO Cllement Tan.
“Digitalisation will help Malaysia create globally competitive partnerships for local companies, improve the potential for global expansion and underpin a successful technology and knowledge transfer.”
The partnership with Laiye as its authorised training partner across Southeast Asia is expected to impact positively Ramssol’s financial performance and at the same time, strengthen its position as the leading advanced HCM solution and technology specialist in the region.
With the RPA roll-out, labour-intensive and repetitive tasks can be performed more efficiently and at a lower cost. These cover sectors including accountancy, manufacturing, IT, transportation and sales.
The World Economic Forum’s Future of Jobs Report forecasts 50% of all employees will need reskilling by 2025. The skills in demand would be in the areas of data analysts, scientists, and specialists in the internet of things (IoT), digital transformation, and cybersecurity.
At 10.51am, Ramssol was unchanged at 88 sen with 1.31 million shares traded, thus valuing the company at RM147 mil. – Oct 12, 2021