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Singapore Refreshes I&C Industry Transformation Map

Lawrence Wong, Minister of Finance and Deputy Prime Minister of Singapore unveiled the refreshed Information & Communications (I&C) Industry Transformation Map (ITM) at the recently held Singapore Computer Society’s 55th Anniversary Gala Dinner and Tech Leader Awards 2023.

The updated I&C ITM, which was created by Digital Industry Singapore (DISG), will build on the success of the previous ITM. It seeks to build a robust I&C sector to fuel the expansion of the Digital Economy and bolster Singapore’s standing as a centre for leading tech companies and talent.

The scope of the revised ITM will be narrowed to concentrate on the I&C sector, which includes software, IT services, online services, and telcos. The number of well-paying I&C roles is projected to increase to 80,000 by 2025, creating excellent opportunities for Singapore and its citizens.

As Southeast Asia presents a tremendous growth opportunity, I&C firms will increasingly turn to Singapore to tap the region’s potential. To accomplish this, the government will continue to facilitate cross-border collaboration in the following ways:

  • Expanding the network of Digital Economy Agreements (DEA) to encourage cross-border data flows, establish data standards, and foster other forms of digital collaboration;
  • Enhancing digital integration and connectivity in Southeast Asia by leveraging existing efforts to advance the ASEAN Digital Framework Agreement; and
  • Utilising flagship events such as Asia Tech x Singapore (ATxSG) and the Singapore International Cyber Week (SICW) to convene global leaders and decision-makers in Singapore to promote collaboration through innovation and standards development.

The government also recognises the significance of investing in the domestic connectivity infrastructure to allow the I&C industry to attain its full potential. This includes investing in 5G networks that will power the next iteration of digital products and services and expanding the subsea cable network.

DISG will implement a variety of enterprise development strategies to assist companies in capitalising on sector growth opportunities. The Government will continue to invest in critical enabling technologies to maintain Singapore’s competitiveness as a digital hub. Singapore will carve out a niche in cybersecurity and trust technologies by building on its capabilities in artificial intelligence (AI) and future communications.

To ensure that Singaporeans benefit from the expansion of the Digital Economy, upskilling initiatives remain a key focus of the revised ITM. Continuing Education and Training (CET) initiatives facilitate mid-career transitions and assist current employees in remaining relevant. These initiatives include:

  • Widespread digital skills upskilling in accordance with industry digital plans, and leveraging TechSkills Accelerator (TeSA) programmes;
  • Educating locals with specialised skills for in-demand tech positions at local businesses; and
  • Assisting current employers in preparing their employees for disruption via the I&C Jobs Transformation Map, which identifies occupations at risk and emerging technological trends.

Further, Pre-Employment Training (PET) contributes to the development of tech talent and enables more Singaporeans to access industry opportunities. In the past five years, enrollment in Information & Digital Technologies (IDT) courses at universities, polytechnics, and ITE has increased by nearly a third.

Industry stakeholders and institutions of higher education (IHLs) must collaborate to co-design and co-deliver curricula to perpetually upskill students and graduates so that they are industry-ready in a rapidly evolving technology landscape.

In conjunction with CET and PET initiatives, the Government will prioritise the development of a strong core of Singaporean technology executives.

DISG will concentrate on the attractiveness and competitiveness of the business ecosystem to globally competitive I&C firms eager to capitalise on Asia’s development. DISG is excited to collaborate with industry players, IHLs, and trade associations to strengthen partnerships and promote the long-term growth of the I&C sector and the broader digital economy.

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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