December 11, 2023

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UCSI University Launches IASDA to Develop Tech Talent

Image Credits: UCSI University, Press Release

UCSI University, a leading university in Malaysia, announced the launch of an Institute of Actuarial Science and Data Analytics (IASDA) in its KL Campus to produce top talent in this field. The launch of IASDA is a reflection of the university’s continued academic investment and leadership in the education industry. The institute is set up to help meet the growing needs of actuaries and data analytics education and expertise in the country.

According to the Director of IASDA, the programmes offered under IASDA are recognised by international professional accrediting bodies such as the Society of Actuaries (SoA) which provides professional certifications to students, and the Institute and Faculty of Actuaries (IFoA), where the students may get an exemption for CM1, CB1, and CB2 papers.

The IASDA’s programmes include Doctor of Philosophy in Mathematical Sciences; Master of Science (Actuarial Management) – (Mixed-mode or Coursework); Master of Science in Mathematical Sciences; Bachelor of Science (Honours) Actuarial Science; Bachelor of Science (Honours) Actuarial Science and Finance; and Foundation in Arts (Actuarial Science). These programmes are also accredited by the Malaysian Qualifications Agency (MQA).

January, May, and September intakes are available for all of the abovementioned programmes. Until now, the university has more than 1400 students enrolled in these undergraduate and postgraduate programmes. UCSI University’s Actuarial Science students have continued to shine over the years by passing the SoA preliminary papers in record time.

To fill the significant talent shortage gap, especially in Actuarial Science and Data Analytics, the institute will be a key enabler for talent development by exposing students to data-driven industry and economy. Currently, a total number of 668 undergraduates and postgraduates have graduated from this field of studies, the Deputy Vice-Chancellor, Academic and Internationalisation (Kuala Lumpur Campus) said.

UCSI University’s IASDA will enhance students’ expertise and experiences by effectively driving data-intensive research discoveries, enhancing industry partnerships, sharing best practices with international institutes, and preparing all of its graduates to lead in a data-driven economy.

The global big data and business analytics market size was valued at US$ 198.08 billion in 2020 and is projected to reach US$ 684.12 billion by 2030, growing at a CAGR of 13.5% from 2021 to 2030.

Big data analytics is the key aspect of the enterprise; it helps organisations manage, process, and streamline large datasets in real-time as well as improve their decision-making capability. In addition, a major objective of big data and business analytics is to help organisations to get a better understanding of their customers and help to narrow down their targeted audience, thus improving companies marketing campaigns.

Moreover, a variety of industries are adopting big data and business analytics to analyse the massive volume of data generated due to offline and online trading. Moreover, with the introduction of cloud-based big data and business analytics, users can access all the information online from anywhere across the globe. This helps various big data service providers to increase their investment in cloud technology and obtain a competitive edge over other service providers.

The growth in the adoption of big data analytics software by various organisations to deliver enhanced and faster decision-making and to provide competitive advantage by analysing and acting upon information promptly significantly contributes to the growth of the global big data and business analytics market. In addition, an increase in demand for cloud-based big data analytics software among SMEs positively impacts the growth of the market.

However, high implementation costs and a dearth of skilled workforce are expected to hamper the market growth. On the contrary, an increase in the need to gain better insights for business planning and emerging trends such as social media analytics are expected to offer remunerative opportunities for the expansion of the market during the forecast period. Each of these factors is projected to have a definite impact on the growth of the big data and business analytics market.


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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.


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


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.


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. 


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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