M'sia among countries with highest services potential
Published on: Wednesday, November 08, 2017
Kuala Lumpur: Malaysia is among the countries which have the highest services potential of digital technologies, particularly in government and labour-market efficiency, business sophistication and financial market development.According to the Standard Chartered Global Research Special Report: Productivity Slowdown - Is This Time Different?, the United States, Hong Kong and Singapore top of the list with the highest services potential, reflecting the importance of the sector to these countries, the high tradebility of services and solid performance on indicators such as technology transfer, education and labour-market efficiency.It said improvements in these sectors could also help to raise productivity levels in more traditional services sectors such as health and education, utilities and social and personal services.
ADVERTISEMENT
"New technologies such as artificial intelligence and service robots have the potential to drive faster productivity, even in these more traditional services," it said.Stay up-to-date by following Daily Express’s Telegram channel.
Daily Express Malaysia
