The world today is happily embracing new technologies like Artificial Intelligence, Big Data, and Data Science. Smart devices are making their way into our daily lives, and soon we would become accustomed to automation. Data is now becoming fuel for the economy of many countries, including Singapore. The country has made considerable progress in making its digital economy strong. Singapore is heading towards becoming a smart nation, and data analytics have been identified as an important growth sector for the country.
The data analytics industry is reported to contribute at least S$1 billion (US$730 million) per year to Singapore’s economy. The regional big data and business analytics services worth is expected to reach US$27 billion by the year 2022. Supporting great data connectivity and a thriving business ecosystem, Singapore is ideal to set ground on for analytics and data science-based companies. OCBC Bank, Google, EY, Dell, and Siemens are some of the renowned names that have good job opportunities for data scientists in Singapore. So, it is logical to take up a data science course in Singapore and lead your career towards becoming a successful data scientist.
How is Data Science Rising in Singapore?
You cannot imagine the amount of data we can generate each day simply by spending, for example, an hour on social media. While it may not be important for you to know the stats, the data generated is highly crucial for businesses across the world. They derive meaningful insights by analyzing that data and make informed business decisions so as to deliver best-in-class products for the customers. This is nothing but data science – the process of acquiring the data, processing it, modeling it using various algorithms, and finally visualizing the outcome.
Singapore is at the heart of Asia and aims to become a Big Data hub of the continent. The country has a robust information technology infrastructure, global connectivity, and capability of hosting and processing a massive amount of data. Data analytics could bring about great transformations in the following sectors of Singapore:
- Urban services
The country has set up the Singapore Data Science Consortium, under the National Research Foundation, to spur the nation’s advancements in data science and analytics. Moreover, many companies are embedding some form of intelligence into their operations. The country is also hosting high-impact projects like Facebook’s S$1.4 billion (US$1 billion) data center and Chinese e-commerce giant Alibaba’s first joint research institute.
Demand and Salary Prospects
According to LinkedIn’s 2020 Emerging Jobs Report Singapore, jobs in the field of artificial intelligence, data science, cybersecurity, and robotics are rapidly growing in the country from the past five years. The Data Scientist job role also appeared in its list of Top 15 Emerging Jobs in Singapore, with Python programming, Machine learning, R, Apache Spark, deep learning as the top skills that employers look for.
Singapore is also a hub for tech start-ups, which are investing in digital transformation along with big enterprises. This means data science has a bright future in the country, and professionals can find good career opportunities along with high salaries in this field. As per Payscale, data scientists in Singapore earn an average annual salary of S$72,105. By gaining experience of 5 to 7 years, data scientists could earn as high as S$87,080 annually. The most popular skills that help professionals earn higher pay are Tableau proficiency, deep learning, Apache Hadoop, big data analytics, statistical analysis, and data modeling.
How Can You Learn Data Science?
Singapore government’s big ambition for data analytics also involves securing the best talent in the field. There are universities like Nanyang Technological University (NTU) and the National University of Singapore (NUS), which have partnered with tech companies to offer programs related to AI and data science. Apart from the university programs, professionals can take up an online data science training course. There are many courses like data science with R programming, Tableau tutorial, data science with Python, Apache Spark and Scala, machine learning, and more.
The benefits of taking an online course include learning from industry experts, working on real-life projects, hands-on knowledge of various data science tools, and getting job assistance as well. All you need to do is research for a trustworthy training provider, enroll in a course, and get started. A good data science course should cover important topics like:
- Working with tools like MySQL
- Python/R programming
- Data preprocessing, data wrangling
- Machine learning
- Deep learning, neural networks
- Big Data tools like Spark, Hadoop, Cassandra
- Data visualization with tools like Tableau or QlikView
Singapore has already started with its data analytics initiatives. Are you ready to fill in the available job opportunity? Gain the right skills with a data science course and you will be!