Data Analytics

Data talent crunch

Forget investment banking. ‘Data scientist’ is the new hot job, and you will be vying with a lot fewer people for a position... for now. 

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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.

Hiring frenzy in Singapore to continue in 2019 with a focus on tech & soft skills: Morgan McKinley

SINGAPORE (Jan 30): With stricter rules in place for hiring foreign talent, employers in the sales, banking, IT, marketing, project & change management industries will maintain their upward local hiring trajectory in 2019.

This is according to the Morgan McKinley 2019 Salary Guide for Singapore, which indicates a slight increase in hiring confidence in Singapore, the wider Asia Pacific region as well as across the globe.

Organisations not prepared for the future of work: PwC

SINGAPORE (Nov 13): Although capabilities are important in the success of businesses, many fail to recognise the actions needed to be taken today to stay relevant in the future, according to findings from PwC’s latest Future of Work report, produced in collaboration with Lynda Gratton, professor of management practice at London Business School.

Some of the actions include data analytics to make workforce decisions and creating a compelling work experience for employees.

IBM partners IMDA to roll out 'New Collar Apprenticeship' initiative after layoffs in Singapore

SINGAPORE (Aug 16): International Business Machines (IBM) is joining the Infocomm Media Development Authority’s (IMDA) Company-Led Training programme under its TechSkills Accelerator (TeSA) initiative to roll out their first “New Collar Apprenticeship” initiative outside of the US.

Through the apprenticeships, IBM Singapore intends to also employ and train non-degree holders for infocomm technology (ICT) jobs within the technology industry.

MAS to bank on tech, collaboration to fight money laundering and terrorism financing

SINGAPORE (July 18): The fight against money laundering and terrorism financing will continue to be a priority for Singapore as an international financial centre and trading hub, according to the Monetary Authority of Singapore (MAS).

For the coming year, MAS will adopt a more focused approach to combating financial crime, says Ho Hern Shin, assistant managing director of MAS’ banking and insurance group.

The force is strong with Y Ventures

SINGAPORE (June 28): CGS-CIMB Securities is maintaining its “add” call on data analytics-driven e-commerce firm Y Ventures Group, with a target price of 62 cents.

This came on the back of the group yesterday announcing that it has entered into a three-year distributor agreement with Beast Kingdom Co. to act as the official online distributor for Disney products in Southeast Asia.

MAS and financial industry to develop guidance on responsible use of data analytics

SINGAPORE (Apr 2): The Monetary Authority of Singapore (MAS) is working with key stakeholders in the financial industry to develop a guide to promote the responsible and ethical use of artificial intelligence (AI) and data analytics by financial institutions.

The industry is increasingly adopting AI and data analytics to better serve customers. But despite its potential to transform the financial industry for the better, these technologies can also potentially be misused, says MAS.

UOB's new credit underwriting engine cuts processing time and default rate by more than half

SINGAPORE (Mar 23): United Overseas Bank (UOB) has created a data analytics-powered credit underwriting engine that will improve credit underwriting for small businesses across Southeast Asia.

The credit underwriting engine will cut both the turnaround time and the number of steps involved in a small business loan application by more than half.

Southeast Asia fintechs upbeat on growth prospects amid funding worries

SINGAPORE (Mar 14): Financial technology (fintech) firms headquartered in Southeast Asia are optimistic on their prospects of revenue growth, expansion and their ability to take on the international market in the near-term even as funding issues linger, according to the latest study conducted by EY.

The Asean FinTech Census 2018 surveyed a total of 170 Southeast Asia-headquartered fintechs across 16 key subsectors including payments, blockchain, money transfer, data analytics and robo advisory.

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