automation

Nearly one in five Singaporeans fear impact of tech on their jobs: PwC

SINGAPORE (Sept 27): Close to one in five Singaporeans are scared or nervous about the impact of technology on their jobs, making the city-state’s workforce the second-most anxious in the world about job security.

In a new report from PwC, ‘Upskilling Hopes & Fears’, Singaporeans came just behind France (20%) and tied with the UK (18%) in a survey spanning 22,000 adults across 11 countries worldwide.

Where do good jobs come from?

(May 6): Around the world this May Day, policy proposals that would have appeared radical just a few years ago are now on the agenda. In the US, for example, high marginal tax rates, wealth taxes and single-payer healthcare have become mainstream ideas. Yet, unless policymakers get their priorities right, the opportunity for meaningful reform could be squandered, leading to even deeper social and political divisions.

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Understanding your value in a world of automation

SINGAPORE (May 3): VUCA – Volatile, Uncertain, Complex and Ambiguous – a term originally coined by the American military to describe what today’s leaders must cope with, has quickly become a way to describe the socio-economic landscape.

Evolving technology, including artificial intelligence and machine learning, is one of the reasons for this move towards increased complexity and volatility. As automation makes many manual and repetitive tasks obsolete, the call for a ‘skills-revolution’ has become louder.

ST Engineering partners BYD for new autonomous bus platform

SINGAPORE (Mar 21): ST Engineering has signed a memorandum of understanding (MoU) with BYD to include the Chinese automobile manufacturer’s electric buses in its Land Systems arm’s portfolio of autonomous bus platforms.

This comes as part of ST Engineering’s plans to form a consortium, in response to the Land Transport Authority (LTA) and the Singapore Economic Development Board (EDB)’s call for collaboration (CFC) for a pilot deployment of autonomous buses in Punggol, Tengah and the Jurong Innovation District. 

Why Northeast Asian economies needn't panic over the global electronics slowdown

SINGAPORE (Mar 5): Oxford Economics says the prospects of Northeast Asian economies, which are uniquely exposed to the ongoing global electronics slowdown, are not as bleak as they seem.

This is due to trade diversion’s partial mitigation of the impact of US-China trade tensions as well as limited direct competition between China and other Northeast Asian economies in the high-value field of semiconductor production, according to the global forecasting and quantitative analysis firm.

Local family businesses ready to embrace next-gen technologies, but less confident in talent: SAP

SINGAPORE (Feb 28): Local family businesses are most confident in utilising data analytics to drive their business success, as they prepare to put aside their traditional business models to meet future challenges with next-generation technologies.

Here's how Singapore's organisations can retain their top talent

SINGAPORE (Feb 27): Fostering human connections is a significant factor in retaining employees who value job security, especially in Singapore.

This is according to Mercer’s 2019 Global Talent Trends study, which surveys over 7,300 senior business executives, human resources (HR) leaders and employees from nine key industries across 16 geographies around the world.

Battling eight giants with basic income

SINGAPORE (Jan 28): In 1942, British economist and social reformer William Beveridge issued an epoch-defining report that established a model for welfare states in the post-war era. He recognised that the old social protection system had broken down and that it was “time for revolutions, not for patching”. The challenge, Beveridge said, was to slay five giants: disease, idleness, ignorance, squalor and want.

CEOs in APAC are on the lookout for agile and adaptable workers

SINGAPORE (Dec 4): As Artificial Intelligence (AI) creeps its way into the businesses and reorients the nature of work, business leaders are now demanding workers to tap into their more “human” talents and approach tasks with an open and global mindset, according to a white paper published by The Economist Corporate Network (ECN).

The paper sponsored by Hays and WeWork, is based on a survey and a number of focus group interviews with CEOs and other C-suite executives based in the Asia-Pacific region.

UOB fully digitises applications for all consumer banking products

SINGAPORE (Oct 22): United Overseas Bank (UOB) has successfully digitised application processes for all its consumer banking product offerings.

These range from deposit accounts to credit and debit cards, to personal loans and secured loans.

The milestone was achieved by UOB in line with its three-month goal to transform the application and approval processes for all of its retail products, with the aim of making banking simpler, smarter and safer.

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