The Infocomm Development Authority of Singapore’s (IDA) inaugural Massive Open Online Course (MOOC) conducted its first class on 6 August, receiving an overwhelming response. The data sciences specialization course caters to Singaporean working professionals and achieved more than 350 registrations, with strong participation from both the private sector and the public sector alike.
With Singapore gearing up to be the world’s first Smart Nation, data sciences and analytics are becoming increasingly relevant and are playing a greater role in businesses and government organizations in terms of handling operational efficiency, engaging customers, as well as anticipating and delivering services. Professionals with training in data sciences and analytics are expected to be in demand. McKinsey forecasts that there will be a shortage of 140,000 to 190,000 data sciences and analytics professionals by 2018 in just the US alone.
In partnership with course provider Coursera, the MOOC pilot offers Singaporeans from different professional backgrounds the opportunity to develop vital skills that respond to this growing demand for data sciences and analytics talent, providing them with opportunities and improving career prospects. An industry recruitment report has shown that data professionals can expect to earn from $80,000 up to $180,000 or even more per year.
The IDA MOOC pilot has attracted a broad base of participants with a good proportion of applicants having five years or less of working experience. However, the course has also attracted experienced professionals with about 60% of the applicants having 5 years or more working experience.
While about 30% of the applicants come from an IT background, 40% are from a wide range of sectors such as healthcare, finance and education, reflecting data sciences and analytics’ ability to be applied across sectors and areas of work. The remaining 20% of applicants come from data-related professions, seeking to build upon their existing skills.
“We want the participants joining IDA MOOC to not only benefit from a high quality of learning that improves career prospects, we also want participants to network with...and learn from... like-minded members of industry”, said Mr. Steve Leonard, Executive Deputy Chairman, IDA. “This is an important part of building a data sciences and analytics community in Singapore”.