Participants of the Sarajevo Business Forum's round table in Ilidza, a Sarajevo suburb, concluded that regional countries need to adjust their educational systems to labour-market trends so they could continue developing in the future.
Zoran Jovanovski from the North Macedonian Trade Chamber said the whole region is facing challenges such as youth departure, educational reforms and high unemployment rate.
He concluded that the solution to this is the harmonisation of educational systems with market trends, considering that younger generations are showing an exceptional talent for technology. Without this, no country can progress, he said.
Lada Busevac from the World Bank spoke about the mobile coverage and internet access in countries of the region, adding that some countries like Bosnia are lagging behind the others. She noted that many people in the region are using mobile internet, but few are using E_Banking.
The CEO of the Swiss Financial Engineering AG Ana Lucia Lind spoke of artificial intelligence and its impacts. According to her, as society changes, artificial intelligence will gain significance. But every industrial revolution has its flaws, and so people will not be able to rely on artificial intelligence entirely.
Future generations should learn about artificial intelligence and its advantages, she added, but they must not overestimate its potentials.
Klika company representative, Edin Deljkic, said it is impossible to tell what jobs will exist in the future because things are constantly changing, but stressed that the fourth industrial revolution should be viewed as an opportunity.
According to him, Bosnia has considerable potential in the IT industry, but at the same time, it faces a lack of labour force, which is a paradox, considering the high level of unemployment.
The 10th Sarajevo Business Forum (SBF) investment conference opened on Wednesday and organisers expect to hose some 2,000 foreign and local officials, investors and delegations.