Singapore’s leading tech trade association, SGTech, in collaboration with SkillsFuture Singapore (SSG) and AI Singapore (AISG), has launched ‘Generative AI for the Tech Workforce‘ jobs and skills guideline to drive digital transformation for businesses as a response to the government’s National AI Strategy 2.0, as announced by Deputy Prime Minister Lawrence Wong in December 2023.
This resource aims to provide business owners and employees with an overview of GenAI and its expected impact on businesses, particularly on jobs and skills. More importantly, it is designed as a practical guide for business leaders who are looking to prepare their companies and employees for the GenAI world.
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With GenAI, companies are able to streamline talent acquisition by customising tests and conducting lifelike interviews. Automated tasks free up time for engagement, strategy enhancement, and employer branding. GenAI efficiently analyses data for advisory chatbots, allowing more time for valuable activities. It also supports coaching and training for AI developers through a Socratic methodology, assessing scripts, identifying improvements, and providing customised advice.
“The future of work relies on the flexibility of individuals and organisations to adopt technological advancements. Teaming up with AI Singapore (AISG), we leverage GenAI to align skills needs with technological progress. This publication serves as a guide, directing professionals and enterprises toward a future where skills development seamlessly aligns with technological innovation,” said Benjamin Mah, SGTech’s Co-Chair of the Talent Steering Committee.
The impact of GenAI is significant and lasting, foreseeing a projected increase of US$7 trillion in global GDP over the next decade. Between 2020 and 2025, the AI revolution is expected to result in the creation of 12 million more jobs than those lost.
In an October 2023 poll among its members, SGTech conducted business capabilities and hiring sentiments survey, revealing that 76 per cent of respondents in the tech sector expressed intentions to develop GenAI capabilities in the coming year.
Access the complete guidelines here.
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