February 23, 2024

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Singapore Collaborating on Talent Development in Big Data, Business Analytics and AI

Image credit: bizbeat.nus.edu.sg

The Business School and School of Computing of the National University of Singapore (NUS) have signed a Memorandum of Understanding (MoU) with Wuxi Economic Development District (WEDD) in Jiangsu, China to work together on developing talent in Big Data, Business Analytics and Artificial Intelligence (AI) as well as in research and development (R&D).

The strategic relationship gives NUS researchers a place to work with both local and international companies in Wuxi on R&D projects together. It also wants to build a pipeline of talent to help Wuxi and Singapore’s high-tech businesses nurture and their economies grow.

“The collaboration reinforces NUS’ commitment to contribute impactful solutions that address the world’s challenges and promote regional growth,” said Prof Susanna Leong, Vice Provost of Masters’ Programmes & Lifelong Education and Dean of the School of Continuing and Lifelong Education who witnessed the MoU signing.

She added that through this collaboration, students and researchers will have the opportunity to drive innovation in the fields of big data, business analytics, and AI alongside industry leaders. Hence, they anticipate many productive outcomes from this partnership. The MoU will make it possible for WEDD to put more funds into R&D projects in AI and Business Analytics in areas like electronics, new energy, and the digital economy.

The first research project, focusing on generative AI for the manufacturing industry, will begin in mid-2023. The S$ 600,000 initiative is a collaboration between the NUS Business Analytics Centre, which is backed by the NUS Business School and the NUS School of Computing together with an advanced manufacturing company in WEDD. In addition, the cooperation will facilitate information exchange and incubation for associated high-tech start-ups.

The R&D cooperation will capitalise on NUS’ world-class research capabilities and expedite the pace of invention, resulting in the development of cutting-edge technologies, goods, or services that will promote economic growth.

Scholarships would be provided as part of the agreement to help nurture the potential in the high-tech industry. Over the next three years, the advanced manufacturing company will be the first company in WEDD to give six full scholarships to students enrolled in NUS’ Master of Science in Business Analytics (MSBA) Programme.

It will also expand internship chances for students by providing them with access to high-tech enterprises in WEDD. These scholarships and internships will enable students to gain practical skills, network with industry leaders, and apply their knowledge to real-world challenges.

Mayor of Wuxi Zhao Jianjun, who also witnessed the signing of the MOU, stated that they are honoured to collaborate with NUS and have high hopes for a successful outcome. In addition, as a university of international renown, NUS possesses exceptional assets, and Wuxi has a solid industrial base. By leveraging the advantages of both parties, they can accelerate scientific research and talent cultivation to drive technology transformation and achieve mutual success.

Big data, business analytics, and AI help companies understand customers, operations, and market trends. This knowledge can help make better judgements, find new opportunities, and beat the competition. Machine Learning (ML) and automation can streamline operations and eliminate manual labour. This increases efficiency, cost savings, and turnaround time. Thus, big data, business analytics, and AI talent development can give companies a competitive edge as they can stand out from the competition and gain new clients by using cutting-edge technologies.

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.

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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.

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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.

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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. 

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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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