February 25, 2024

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Fostering Tech Talent for Singapore’s Digital Economy

According to Tan Kiat How, Senior Minister of State, Ministry of Communications and Information & Ministry of National Development, Singapore’s digital economy has been on a remarkable trajectory in recent years, demonstrating exponential growth and delivering substantial career prospects for its citizens.

The city-state’s journey into the digital realm, marked by an impressive shift in GDP contribution and job creation, was highlighted in IMDA’s inaugural report on Singapore’s digital economy. This report disclosed that the digital economy surged to an astounding SG$106 billion in 2022, equivalent to 17.3% of Singapore’s nominal GDP, up from 13% in 2017. Besides, the number of digital tech jobs created swelled from 155,500 to 201,100 during this same five-year period.

It is vital to nurture a strong pipeline of tech talent to sustain and further propel Singapore’s digital economy. The tech sector plays an indispensable role in supporting various industries in Singapore, ranging from trade and healthcare to logistics and banking.

As technology continues to evolve, it presents a wealth of opportunities for these sectors to transform and enhance their global competitiveness. Hence, the importance of initiatives like the ‘Step IT Up’ programme becomes particularly evident.

The ‘Step IT Up’ programme, with its focus on training individuals with no prior background in computing, has opened doors for many Singaporeans to venture into the tech sector. Past cohorts have included mid-career professionals from diverse backgrounds, including musicians, researchers, and platform delivery riders.

These individuals underwent rigorous training in low-code platforms, equipping them with the skills needed to become digital builders in sectors such as telecommunications, healthcare, and financial institutions.

The programme has committed to assisting 400 workers in Singapore in acquiring digital roles over the next three years through this laudable programme. For its third iteration, the programme will concentrate on hiring, placing, and training 20 digital business analysts, a role in high demand for its role in bridging the gap between technology and practical business use cases.

GovTech has partnered to place some of its Step IT Up graduates within the organisation. This partnership not only augments GovTech’s tech talent pool but also provides career opportunities in the burgeoning technology sector to individuals with a diverse range of backgrounds and experiences. It’s a prime example of public-private collaboration aimed at enriching Singapore’s tech landscape.

SMS Tan expressed his passion for providing young Singaporeans with more opportunities in the technology sector. He emphasised the dynamic nature of the tech space, urging individuals to continually update their training and skills to remain relevant in this ever-evolving landscape; and reiterated the importance of investing in oneself, a form of investment that cannot be taken away.

Sustaining the digital economy of Singapore hinges on the availability of a skilled workforce to meet the ever-growing demand for technology-related expertise. This involves not only maintaining existing tech infrastructure but also ensuring that it remains up-to-date and secure.

Tech talent is indispensable in this endeavour, as they are responsible for the continuous improvement, maintenance, and protection of digital systems that underpin the operations of various industries, from healthcare and finance to logistics and telecommunications.

Additionally, these professionals are critical for propelling Singapore’s digital economy further ahead. As technology advances and new opportunities arise, the expertise and innovation provided by tech talent are what allow the nation to stay competitive and seize new prospects. Whether it’s developing cutting-edge applications, optimising data-driven decision-making, or safeguarding sensitive information from cyber threats, tech talent ensures that Singapore remains at the forefront of the digital frontier.

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

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

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.

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