In the race for dominance where competition in the digital economy is stiff, tech giants such as Amazon, Microsoft, and Nvidia are expanding their investment across Asia to grow their artificial intelligence capabilities.
Four in 10 global organisations across a range of industries expect Generative AI to increase their headcount, more than those who said it would reduce their headcount . This could be due to the increased need for expertise in Gen AI and data – a staggering 75% of organisations expect Gen AI to affect their talent strategies within the next two years.
Employees may still make use of such tools under the radar, or they may not be able to develop a realistic understanding of their capabilities and limitations. Rather, widespread but controlled access, as well as structured training, will help people get more comfortable with technology and understand what it can and cannot do — whilst opening the door to new possibilities for value creation.
Even as Singapore is making advances in talent development, there is another piece to the puzzle. Like many other developed economies, Singapore faces an ageing population and dwindling birth rate. Developing tech expertise locally takes time, and the demand for such talent has necessitated an open approach to attracting talented individuals from around the world to augment the local workforce.
Whilst Singapore’s open approach to talent will help it stay competitive, the long-term solution is still continuous skills development. Employers could do more to provide flexible learning options such as online courses or self-paced modules to accommodate employees’ busy schedules, or offer time off-in-lieu to compensate for time spent on job-relevant courses.
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Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »