September 20, 2024

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Singapore: Embracing an AI-Complemented Workforce

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In her recent address at an event centred on the evolving workforce amid rapid advancements in artificial intelligence (AI), Ms Rahayu Mahzam, Minister of State for Digital Development and Information, offered her insights. The event delved into how AI is transforming various sectors and its implications for both workers and businesses.

Ms Mahzam highlighted the transformative impact of AI, noting its increasing integration into professional environments. AI tools are now routinely used to automate repetitive tasks, enhance productivity, and streamline operations. The rise of job postings requiring expertise in AI technologies, such as ChatGPT, underscores the growing importance of these skills in today’s job market.

Furthermore, a recent study revealed that 43% of CEOs from a diverse range of industries are already leveraging AI for strategic decision-making, reflecting its critical role in modern business practices.

However, the rapid adoption of AI also brings significant challenges. Concerns about job displacement and skill obsolescence are becoming more pronounced. For instance, the decision by a major language learning app to reduce its workforce in favour of AI-driven solutions highlights the potential for job losses due to technological advancements.

Similarly, a prominent buy-now-pay-later service provider has publicly acknowledged replacing human roles with AI, further illustrating this trend. This shift highlights the growing reliance on AI to streamline operations and reduce costs, underscoring the broader movement towards automation in the industry.

The real-world impacts of these changes have sparked widespread concern among workers. Recent protests, including those by video game performers and actors, as well as nurses, underscore the anxiety surrounding AI’s role in job displacement. These events highlight the urgent need to address worker concerns and ensure that AI’s benefits do not come at the cost of job security.

Despite these challenges, Ms Mahzam remains optimistic about AI’s potential to enhance productivity and support workers. She emphasised that AI, when applied effectively, can significantly benefit both employees and employers. AI technologies can enhance data analysis, automate mundane tasks, and free up time for more meaningful work, leading to greater job satisfaction and productivity.

Addressing the potential of AI, Ms Mahzam stressed the importance of equipping the workforce with the necessary skills to adapt to this new era. The Government is committed to this goal through various initiatives. For existing workers, Job Transformation Maps (JTMs) have been developed to guide skills development and job redesign. These maps are complemented by training modules offering AI-related courses, which have already helped thousands of individuals become proficient in AI tools.

For those entering the AI field, several programmes are in place to support career development in roles such as AI Engineers and Data Scientists. These initiatives aim to provide comprehensive training and career pathways for individuals interested in AI.

Ms Mahzam also stressed the importance of democratising AI education to ensure that all segments of society have access to the skills needed to thrive in an AI-driven workforce. By expanding AI education and creating accessible pathways, the Government aims to drive economic growth, reduce inequality, and ensure that AI technologies benefit all communities.

A proactive approach is essential, starting with integrating AI education into vocational training and preparing youths for the evolving job market. Inclusivity is key, and creating accessible learning opportunities will help bridge the skills gap and prepare the workforce for future challenges.

Ms Mahzam concluded by reiterating the need to embrace AI’s progress while addressing its challenges responsibly. The path forward involves harnessing AI’s potential to create an inclusive and equitable future. By investing in people and fostering partnerships, a world where innovation and inclusivity go hand-in-hand can be built, ensuring that everyone has the opportunity to thrive in the AI era.

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.

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 consulting services provider, helping 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 3,800 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. For more information, visit www.ibm.com