The Cambodia Academy of Digital Technology (CADT) and EuroCham on June 8 entered into a multifaceted memorandum of understanding (MoU) to lay the groundwork toward the government’s goal of an advanced digital economy.

As part of the MoU, a working group will be formed to add value to industries by pushing for tech adoption, facilitating internships, and providing private sector insight for the digital economy.

The deal also encompasses the “50 programme”, under which the European Chamber of Commerce in Cambodia (EuroCham) is to provide 50 hours of training to university students selected by the CADT.

As per the agreement, the institutions will also host conferences, networking events, and training workshops for small- and medium-sized enterprises (SME), to promote the digital economy.

The MoU was signed by EuroCham deputy executive director Thomas Hesketh, EuroCham Digital and Technology Committee chairman Matthew Tippetts, and CADT president Seng Sopheap.

At the signing ceremony, Sopheap said that digital innovation is a cross-sectoral process that poses challenges for local and international companies, and that teaming up with EuroCham to advance digital transformations and improve competitiveness was “a natural step”.

The cooperation between the institutions’ research and development teams means more tailored services and new opportunities for the young talented students picked by CADT, he said.

“We are also excited to bring our ecosystem together with EuroCham members to raise awareness and create new initiatives, such as career fairs and technology promotion events. One highlight I’m really excited about is called the ‘50 programme’.

“EuroCham members will spend 50 hours with our students in the form of workshops and seminars to close the skill gap and boost insights on both ends,” Sopheap said.

To support Cambodia’s booming digital ecosystem, data-driven Industry 4.0 technologies and systems will provide “the missing building blocks” to connect processes and value chains across all sectors, beyond the barriers of the conventional manufacturing industry, for smarter business decisions, he said.

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Author: May Kunmakara

Source: The Phnom Penh Post

Publication date: 08 June 2022