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Industry Collaboration to Grow Singapore’s Digital Economy

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In his recent address at the MoU Signing ceremony between NCS and ITE, Senior Minister of State Tan Kiat How highlighted Singapore’s digital economy’s exponential growth, transforming the nation into a global tech talent hub. He stressed the significance of industry collaborations in providing developmental pathways for ITE and Polytechnic graduates, noting the sector’s increasing contribution to the nation’s GDP.

The event marked a significant milestone in Singapore’s efforts to bridge the gap between academic qualifications and industry demands, particularly in the rapidly evolving field of technology.

According to IMDA’s Singapore Digital Economy Report, the digital economy accounted for S$106 billion in 2022, reflecting a substantial rise from 13% in 2017 to 17.3% of Singapore’s GDP. This growth trajectory underscores the sector’s indispensability as a key driver of economic progress and innovation.

Consequently, the demand for tech professionals has surged, with the number of tech professionals in Singapore increasing from approximately 155,500 in 2017 to 201,100 in 2022. This surge in demand has translated into better job prospects and higher salaries for tech professionals, offering promising career opportunities for local graduates seeking to enter the tech industry.

However, despite the burgeoning demand for tech talent, ITE and Polytechnic graduates face challenges in securing employment within the tech sector. Employers often prioritise academic qualifications over skills and practical experience, leading to a mismatch between job requirements and graduate competencies.

To address these challenges, the Singapore government launched the Tech Skills Accelerator (TESA) for ITE and Polytechnics Alliance (TIP Alliance) in 2022. This initiative aims to bridge the gap between industry demands and graduate capabilities by promoting skills-based hiring and providing internship opportunities for students.

As part of the TIP Alliance efforts, NCS has pledged to offer more tech internship and industry attachment opportunities to ITE students over the next three years. This partnership will enable ITE students to gain practical industry experience while studying, thereby enhancing their employability upon graduation.

Furthermore, NCS will provide capability development opportunities for ITE staff and collaborate with ITEs on knowledge sharing and curriculum development. These initiatives underscore NCS’s commitment to supporting ITE students in their education and careers, ensuring they are equipped with the necessary skills to thrive in the digital economy.

Minister How underscored the importance of continuous learning and skills development in seizing opportunities in the digital economy. He encouraged ITE students to embrace challenges and invest in their personal growth, highlighting Singapore’s unique value proposition and promising career prospects in the tech industry.

Singapore is dedicated to enabling its citizens to engage in digital transformation and seize opportunities in the digital economy through robust upskilling and reskilling efforts. By focusing on continuous learning and skill development, Singapore aims to equip its workforce with essential competencies for success in a tech-centric landscape.

OpenGov Asia reported that IMDA is intensifying efforts to boost the nation’s tech talent pool and drive AI adoption across industries. By investing SG$20 million in AI-related scholarships and internships, along with expanding training programs like TeSA, IMDA aims to equip students and professionals with the skills needed for AI innovation.

Through collaborations with industry partners and initiatives like the TIP Alliance, IMDA is creating job opportunities and promoting skills-based hiring, while extended internships for ITE and Polytechnic students enhance industry readiness. These efforts underscore Singapore’s commitment to tech innovation and competitiveness on the global stage.

The NCS-ITE partnership empowers ITE students with industry-relevant skills, paving the way for success in the digital economy. In Singapore’s quest to become a global tech hub, such collaborations between industry and academia are vital for fostering innovation and nurturing the next generation of tech talent.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.