The Infocomm Media Development Authority (IMDA) has released the Industry Transformation Map (ITM) for the Infocomm Media sector, which outlines the strategies to prepare Singapore for the digital economy.
Speaking at the launch of the ITM, Minister for Communications and Information Dr Yaacob Ibrahim, said the ITM aims to grow the ICM industry’s value-add by around 6% annually (almost twice as fast as the overall economy). It is also expected to employ more than 210,000 workers (from approximately 194,000 workers in 2016), and create more than 13,000 new PMET jobs by 2020.
The ICM ITM will prepare Singapore for the digital economy through three thrusts:
- First, by investing and building capabilities in four frontier technologies, namely Artificial Intelligence and Data Analytics; Cybersecurity; Immersive Media and Internet of Things;
- Second, by strengthening the core of the ICM sector, and preparing the next generation of ICM professionals and companies for future job roles and business opportunities;
- Third, by guiding companies and workforce from the other sectors in adopting digital technology to improve productivity and efficiency.
Artificial Intelligence a new growth area
AI is one of four frontier technologies identified in the ITM to transform the ICM sector. AI Singapore was set up in May 2017 with up to S$150 million fund to catalyse, synergise and boost Singapore’s AI capabilities.
IMDA will work with AI Singapore to develop the AI ecosystem and make AI an enabler for growth and jobs. Companies can look forward to the following initiatives to help them adopt AI solutions:
- An AI Business Partnership Programme, which seeks to match business requirements with the appropriate solutions;
- An AI Apprenticeship Programme to help grow a pipeline of locally-grown, globally- known AI-ready professionals;
- Open AI assets, starting with a National Speech Corpus; and
- Widen availability of AI solutions via SMEs Go Digital
Strengthening Singapore’s core of ICM professionals and companies
The availability of manpower with the appropriate skillsets is key to ensure Singapore’s growth in the digital economy. IMDA will partner industry on programmes to strengthen the ICM core and prepare Singaporeans for a variety of ICM job roles in other sectors, here and around the world.
In AI for instance, the AI Apprenticeship Programme aims to grow the talent pipeline by training 200 professionals over the next three years. This will be achieved via the TechSkills Accelerator (TeSA), a SkillsFuture initiative. IMDA will adopt a similar approach to grow our manpower core in the other identified new growth areas.