Singapore’s Experience in Analyzing the Labor Market Using Artificial Intelligence and Big Data Analytics

Abstract

Digital technologies such as artificial intelligence and robotics have disrupted major industries that need to adopt both on-the-job experience and active reskilling. In a small country like Singapore, where human capital is the greatest asset, policymakers have been racing to push out initiatives to support workforce transformation. However, Singapore still faces a large mismatch between skills and jobs in the Southeast Asia region, mostly due to its faster pace of digital transformation as compared to her neighbors. To address this, the government has capitalized on Singaporeans’ desire for lifelong learning by initiating efforts that promote upskilling and lifelong learning in the workforce including the use of AI and Big Data in building technology platforms for bridging skills gap and career counseling and guidance.