NTUC LearningHub Survey Reveals Accelerated Business Needs In Cloud Computing And Machine Learning Outpacing Singapore Talent Supply; Skills Gap A Hindrance To Implementing These Technologies

Must Read

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...
- Advertisement -
  • 89% of Singapore employers say that the pandemic has accelerated the adoption of Cloud Computing/ Machine Learning technologies in their companies
  • They cite the obstacles to adopting Cloud Computing/ Machine Learning technologies are ‘the shortage of relevant in-house IT support’ (64%), ’employees lack of relevant skill sets’ (58%) and ‘the lack of financial resources’ (46%)
  • Overall, a large majority (83%) maintain that Machine Learning will remain the most in-demand Artificial Intelligence (AI) skill in 2021, while 70% say they are willing to offer a premium for talent with AI and Machine Learning skills


SINGAPORE – Media OutReach – 5 February
2021 – Despite majority of Singapore employers
(89%) reporting that the COVID-19 pandemic has accelerated the adoption of cloud
computing and Machine Learning (ML) in their companies, obstacles abound. Singapore
business leaders say that the largest hindrance to adopting cloud computing and
ML technologies is the shortage of relevant in-house IT support (64%), amongst
other reasons such as ’employees do not have the relevant skill sets’ (58%) and
‘the lack of financial resources’ (46%).

- Advertisement -

NTUC LearningHub Survey Reveals Accelerated Business Needs In Cloud Computing And Machine Learning Outpacing Singapore Talent Supply; Skills Gap A Hindrance To Implementing These Technologies

These are some of
the key findings from the recently launched NTUC LearningHub (NTUC LHUB)
Industry Insights report on cloud computing and ML in Singapore. The report is based
on in-depth interviews with industry experts, such as Amazon Web Services (AWS)
and NTUC LHUB, and a survey with 300 hiring managers across industries in
Singapore.

- Advertisement -

While organisations
are keen to adopt cloud computing and ML to improve the company’s business
performance (64%), obtain business insights from Big Data (59%) and perform
mundane or tedious tasks (53%), a third of Singapore employers (32%) say their
companies have insufficient talent to implement cloud computing and ML
technologies.

To overcome this
shortage, companies say they have been upskilling employees that have relevant
skill sets/ roles (55%), and reskilling employees that have completely
different skill sets/ roles (44%). In a further show of how organisations were
willing to take steps to overcome this skills gap, three in five (61%) strongly
agree or agree that they will be open to hiring individuals with relevant
micro-credentials, even if these candidates has no relevant experience or
education degrees.

- Advertisement -

Looking to the
future, four in five employers (81%) agree or strongly agree that ML will be
the most in-demand Artificial Intelligence (AI) skill in 2021. Meanwhile, seven
out of 10 surveyed (70%) indicated they will be willing to offer a premium for
talent with AI and ML skills. 

Read Also:  Aoyuan Healthy Acquires 55% Equity Interest in Leading Medical Aesthetic Services Group Liantianmei
Read Also:  Fuji Xerox Asia Pacific Extends Partnership with Esker, Launches Digital Accounts Receivable Solution

“The report reinforces the growing demand for a cloud-skilled workforce in
Singapore, and the critical need to upskill and reskill local talent”, said Tan
Lee Chew, Managing Director, ASEAN, Worldwide Public Sector, AWS. “The
collaboration across government, businesses, education and training
institutions will be instrumental in helping Singapore employers address these
skills gaps. AWS will continue to collaborate with training providers like NTUC
LearningHub to make skills training accessible to help Singaporeans, from
students to adult learners, to remain relevant today and prepare for the future.”

NTUC LHUB’s Head of
ICT, Isa Nasser also adds, “While much of the talent demand encompasses technical
positions such as data scientists and data engineers, businesses are also
looking for staff to pick up practical ML and data science skills sets that can
be applied to their existing work. That
is why in today’s digital age, most professionals would benefit greatly from
picking up some data science skills to enable them to deploy ML applications
and use cases in their organization. We highly urge workers to get started on equipping themselves
with ML skills, including understanding the core concepts of data science, as
well as familiarising themselves on the use of cloud or ML platforms such as Amazon
SageMaker
.”

To download the
Industry Insights: Cloud Computing and ML report, visit

https://www.ntuclearninghub.com/machine-learning-cloud.

About NTUC LearningHub

NTUC
LearningHub is the leading Continuing Education and Training provider in Singapore,
which aims to transform the lifelong employability of working people. Since our
corporatisation in 2004, we have been working employers and individual learners
to provide learning solutions in areas such as Cloud, Infocomm Technology,
Healthcare, Employability & Literacy, Business Excellence, Workplace Safety
& Health, Security, Human Resources and Foreign Worker Training.

 

To
date, NTUC LearningHub has helped over 25,000 organisations and achieved over
2.5 million training places across more than 500 courses with a pool of over
460 certified trainers. As a Total Learning Solutions provider to
organisations, we also forge partnerships and offer a wide range of relevant
end-to-end training solutions and work constantly to improve our training
quality and delivery. In 2020, we have accelerated our foray into online
learning with our Virtual Live Classes and, through working with best-in-class
partners such as IBM, DuPont Sustainable Solutions and GO1, asynchronous online
courses.

 

For more
information, visit www.ntuclearninghub.com.

NTUC LearningHub Survey Reveals Accelerated Business Needs In Cloud Computing And Machine Learning Outpacing Singapore Talent Supply; Skills Gap A Hindrance To Implementing These Technologies

- Advertisement -
NTUC LearningHub Survey Reveals Accelerated Business Needs In Cloud Computing And Machine Learning Outpacing Singapore Talent Supply; Skills Gap A Hindrance To Implementing These Technologies - Brand SpurNTUC LearningHub Survey Reveals Accelerated Business Needs In Cloud Computing And Machine Learning Outpacing Singapore Talent Supply; Skills Gap A Hindrance To Implementing These Technologies - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -
NTUC LearningHub Survey Reveals Accelerated Business Needs In Cloud Computing And Machine Learning Outpacing Singapore Talent Supply; Skills Gap A Hindrance To Implementing These Technologies - Brand SpurNTUC LearningHub Survey Reveals Accelerated Business Needs In Cloud Computing And Machine Learning Outpacing Singapore Talent Supply; Skills Gap A Hindrance To Implementing These Technologies - Brand Spur

Latest News

Twitter’s Dorsey Auctions First Ever Tweet As Digital Memorabilia

The first ever tweet on the platform is up for sale after Twitter boss Jack Dorsey listed his famous...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -NTUC LearningHub Survey Reveals Accelerated Business Needs In Cloud Computing And Machine Learning Outpacing Singapore Talent Supply; Skills Gap A Hindrance To Implementing These Technologies - Brand SpurNTUC LearningHub Survey Reveals Accelerated Business Needs In Cloud Computing And Machine Learning Outpacing Singapore Talent Supply; Skills Gap A Hindrance To Implementing These Technologies - Brand Spur