Global Talent Competitiveness Index 2020: Mauritius 1st in Africa
The Global Talent Competitiveness Index 2020 (GTCI 2020) assesses 132 countries and attempts to explore how the development of artificial intelligence (AI) is not only changing the nature of work but also forcing a re-evaluation of workplace practices, corporate structures and innovation ecosystems. The GTCI 2020 is a composite index, relying on a simple but robust input-output model, composed of six pillars and has:
1) Four pillars on the input side – Enable, Attract, Grow and Retain – focusing on actions for policymakers and business leaders; and
2) Two output pillars, benchmarking national performances in Technical/Vocational and Global Knowledge skills, respectively.
In line with past editions of the GTCI, the positive correlation remains high between economic performance on the one hand and national talent competitiveness on the other.
The main highlights of the GTCI 2020 are as follows:
– The gap between talent champions (almost all of them high-income countries) and the rest of the world is widening
– Turning AI into a force for good requires a proactive, cooperative approach
– When introducing AI to organisations, communities, or societies as a whole, acceptability is a condition for sustainability
– AI may provide significant opportunities for emerging countries to leapfrog
– The emergence of AI in the workplace requires a massive re-skilling of the workforce
– Cities are striving to become AI hubs and attract relevant talents.
On the overall, while Mauritius occupies the 49th position on the worldwide ranking, it maintains the lead over its African counterparts followed by South Africa and Botswana which are positioned 70th and 71st worldwide respectively.
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Established in 1999, Intercontinental Trust Limited (ITL) provides a plethora of financial and fiduciary services to a diversified client base including private equity firms, real estate multinationals, financial institutions, investment managers and high-net-worth individuals among others.
ITL is located in Ebene, the financial centre of Mauritius and has offices in Singapore, Seychelles and representative offices in South Africa and Kenya.