Saturday, April 20, 2024

Big data to keep Thai workers afloat

Since the coronavirus pandemic hit Thailand earlier this year, businesses have been falling like dominoes. Millions of people have lost their jobs in the country’s worst economic downturn in recent memory. Yet some jobs have survived the pandemic better than others.

Which are they? Why are they resilient to the crisis? What jobs will be in demand when the pandemic is over?

Knowing the answers will help the workforce and businesses adjust themselves to the new job landscape. It will also help the education system produce much-needed human resources for future job markets.

According to a study by Yongyuth Chalamwong, research director for Human Resource Policy, Thailand Development Research Institute (TDRI), the country’s unemployment rate is now the highest it’s been in the past 20 years because of the Covid-19 pandemic.

Business operators have also suffered as the economy looks set to get worse before it gets any better.

To prepare for the post-coronavirus job market, we need timely and accurate information. We need to have an accurate pulse on the current job market to detect its major trends. Conventional job surveys cannot deliver. But ploughing and analysing big data systematically can.

Since the TDRI is already engaging in research to build a database on job market needs with big data to support education reform, we have used this research to identify the jobs affected by the coronavirus pandemic and those that have survived.

Entitled “Building Labour Demand Database Using Online Job Posting Analysis (Big Data) to Promote Labour Market Responsiveness in the Education Sector”, the research is supported by EdTech…

Read the complete story on Thailand Business News

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