We are in a world always in a state of technology flux, and data is at the core of this flux, with the unique power to transform the world. Singapore is home to many leading tech companies, including AppDynamics, Paycom, Cisco Systems, Apple, NetApp, HP Inc. Expedia Group, etc. These companies are using Machine Learning to harness the immense amount of data generated every day and use it for key decisions. No matter how big or small the data is, it has the power to reshape technology and businesses.
The National Research Foundation set up AI Singapore (AISG) to bring research institutions and start-ups in this field together back in 2017. To scale development efforts, the Singapore Government is now looking to open up access to data and AI tools so everyone can experiment with the technology. In addition to this, the government has also decided to expand public and private sectors, thereby making it business friendly.
Machine Learning in day to day life
Machine Learning is no longer confined just to a few elite scientists but has now spread far and wide in its scope and uses. Tech experts have been increasingly making use of Machine Learning over the years. Surge pricing at Uber, Wal-Mart product recommendations, Social media feeds displayed by Facebook and Instagram, Google Maps, detecting financial fraud at financial institutions etc - all these and many more functionalities are now being performed with the help of powerful Machine Learning algorithms, more particularly without human intervention.
Every individual knowingly or unknowingly uses one or the other products of Machine Learning. In such a scenario, the idea of Machine Learning is an inevitable step that any professional, especially one in the field of Information Technology and Data Science, must know in order to become relevant.
Benefits of learning Machine Learning in Singapore:
- Better job opportunities: According to a report published by Tractica, services driven by Artificial Intelligence were worth a $1.9 billion in the year 2016 and this number is expected to rise to around $19.9 billion by the end of 2025. Machine Learning is the bandwagon that every corporation in the world now looks at. With every industry in Singapore looking at Machine Learning and Artificial Intelligence, a knowledge in the same is bound to attract more and brighter career opportunities.
- Increased Income: The valuation of a Machine Learning expert can be compared to that of a top NFL quarterback prospect. According to a study published by SimplyHired.com, the average income of a machine learning engineer is approximately S$69,492 in Singapore.
- Demand for Machine Learning skills: There exists a huge gap between the demand and the availability of Machine Learning engineers. There are several companies in Singapore that are hiring Machine Learning engineer including Juvo, Micro Focus, Veracode, Tower Research Capital, Beyond Trust, SAP, Grab, Dyson, Agoda, Amazon, Biofourmis Pte Ltd., HP Inc., Dell, Salesforce, JP Morgan, Agilent Technologies, Refinitiv, etc.
- A shift to Machine Learning: Most of the industries around the world deal with a humongous amount of data that increases every single day. An analysis found out that companies are fast taking cognizance of this point. By gleaning insights from this data, companies look to work more efficiently, thereby gaining an edge over their competitors.