SINGAPORE -Media OutReach-5 February2021 -Despite majority of Singapore employers(89%) reporting that the COVID-19 pandemic has accelerated the adoption of cloudcomputing and Machine Learning (ML) in their companies, obstacles abound. Singaporebusiness leaders say that the largest hindrance to adopting cloud computing andML technologies is the shortage of relevant in-house IT support (64%), amongstother reasons such as 'employees do not have the relevant skill sets' (58%) and'the lack of financial resources' (46%).
alt="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 ofthe key findings from the recently launched NTUC LearningHub (NTUC LHUB)Industry Insights report on cloud computing and ML in Singapore. The report is basedon in-depth interviews with industry experts, such as Amazon Web Services (AWS)and NTUC LHUB, and a survey with 300 hiring managers across industries inSingapore.
While organisationsare keen to adopt cloud computing and ML to improve the company's businessperformance (64%), obtain business insights from Big Data (59%) and performmundane or tedious tasks (53%), a third of Singapore employers (32%) say theircompanies have insufficient talent to implement cloud computing and MLtechnologies.
To overcome thisshortage, companies say they have been upskilling employees that have relevantskill sets/ roles (55%), and reskilling employees that have completelydifferent skill sets/ roles (44%). In a further show of how organisations werewilling to take steps to overcome this skills gap, three in five (61%) stronglyagree or agree that they will be open to hiring individuals with relevantmicro-credentials, even if these candidates has no relevant experience oreducation degrees.
Looking to thefuture, four in five employers (81%) agree or strongly agree that ML will bethe most in-demand Artificial Intelligence (AI) skill in 2021. Meanwhile, sevenout of 10 surveyed (70%) indicated they will be willing to offer a premium fortalent with AI and ML skills.
"The report reinforces the growing demand for a cloud-skilled workforce inSingapore, and the critical need to upskill and reskill local talent", said TanLee Chew, Managing Director, ASEAN, Worldwide Public Sector, AWS. "Thecollaboration across government, businesses, education and traininginstitutions will be instrumental in helping Singapore employers address theseskills gaps. AWS will continue to collaborate with training providers like NTUCLearningHub to make skills training accessible to help Singaporeans, fromstudents to adult learners, to remain relevant today and prepare for the future."
NTUC LHUB's Head ofICT, Isa Nasser also adds, "While much of the talent demand encompasses technicalpositions such as data scientists and data engineers, businesses are alsolooking for staff to pick up practical ML and data science skills sets that canbe applied to their existing work. Thatis why in today's digital age, most professionals would benefit greatly frompicking up some data science skills to enable them to deploy ML applicationsand use cases in their organization. We highly urge workers to get started on equipping themselveswith ML skills, including understanding the core concepts of data science, aswell as familiarising themselves on the use of cloud or ML platforms such as AmazonSageMaker."
To download theIndustry Insights: Cloud Computing and ML report, visit
NTUCLearningHub is the leading Continuing Education and Training provider in Singapore,which aims to transform the lifelong employability of working people. Since ourcorporatisation in 2004, we have been working employers and individual learnersto 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.
Todate, NTUC LearningHub has helped over 25,000 organisations and achieved over2.5 million training places across more than 500 courses with a pool of over460 certified trainers. As a Total Learning Solutions provider toorganisations, we also forge partnerships and offer a wide range of relevantend-to-end training solutions and work constantly to improve our trainingquality and delivery. In 2020, we have accelerated our foray into onlinelearning with our Virtual Live Classes and, through working with best-in-classpartners such as IBM, DuPont Sustainable Solutions and GO1, asynchronous onlinecourses.
For moreinformation, visitwww.ntuclearninghub.com.
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