Is Singapore South-East Asia's Big Data Hub?
Singapore’s data analytics industry is central to its strong economy, with studies indicating that it contributes at least S$1 billion (US$730 million) each year. The value of the region’s big data and business analytics services is projected to reach US$27 billion (about S$37 billion) by 2022.
The nation is also home to projects such as Facebook’s S$1.4 billion (US$1 billion) data centre, and Chinese e-commerce giant Alibaba’s first joint research institute outside of China.
Singapore not only leads the world in connectivity, having topped the world rankings again last year ahead of Hong Kong, Iceland and South Korea; it has also long been known for its thriving business scene with The Economist dubbing it “the world’s most tightly packed entrepreneurial ecosystem”.
Singapore is without a doubt, South-East Asia’s big data hub.
As large companies like Singtel announce their stake in data-sharing with their Chinese counterparts to drive growth in IoT and AI, the potential for growth in the data analytics industry appears exponential.
So what does this mean for employment opportunities?
Well firstly, some of the world’s leading companies are here in Singapore (Amazon, Google, Facebook, Microsoft, Apple – to name a few); and data science roles including data architects, data engineers, statisticians and database administrators are some of the most sought after by these companies. It’s clear that there really is no better time to prepare yourself and gain the skills you need for the future of work.
Learn more about how data is driving innovation in South-East Asia and how to prepare yourself practically from leading experts including Wincy Chan, Microsoft’s IoT Ecosystem Lead for Asia and leading Australian Data Scientist and Partner Felipe Rego at our upcoming events in Singapore.
See you in the future!