The rise of big data has meant that talents in big data and analytics are needed urgently all over the world.
Talents who can extract useful information from large amounts of data and integrate their business expertise to solve business challenges are in high demand today.
Singapore being a business hub is home to many global companies. In the last few years, data centre operations have grown significantly. It is currently one of the top destinations for companies to house data. Singapore’s government push to build a smart nation is also one of its key goals for the coming decade to transform its economy.
For the reasons above, a stage is set for fierce competition for talents in data science. However, there is a lack of talents in Singapore specialising in artificial intelligence, robotics and data science. This has resulted in candidates having the luxury of receiving multiple offers while employers are willing to take in candidates even with multiple short tenures in previous companies.
At some point, employers have to brace themselves to escalating pay packages to attract the right talents while putting up with the high turnover rates amongst its data science talents. Companies have to put in place processes and measures to ensure business continuity. This means best practices in its data analytics methodologies, proper documentation and sufficient handover.
The job market is also flooded with CVs as everyone is trying to hop onto the data science bandwagon. Unfortunately, most of the CVs do not have the required experience or skills. Many candidates think they become a data scientist after taking an hour’s python course on Coursera. Some employers have taken the risk to take in mid-career professionals who reskilled and invested heavily into training them to become data scientists only for them to leave once they have mastered all the skills. This has resulted in employers shunning the responsibilities of training and building inexperienced but academically trained professionals.
If you are looking for data science talents, don’t hesitate to speak to us today!