Earlier this week, multinational professional services firm
Deloitte announced the launch of its first Future of Work Center of Excellence (CoE), a $27.6 million, first-of-its-kind platform making its global debut in the heart of Singapore.
Deloitte’s new center is pegged to anticipate market disruptions, address the skills mismatch challenge, and identify future job requirements by developing a suite of data analytics, automation tools, and workforce-planning cloud models.
The CoE is a joint effort between Deloitte and SkillsFuture – along with a number other Smart Nation initiatives – and supported by the
Economic Development Board (EDB).
“Singapore has critical needs for new learning models, for educational institutions to catch up with new technologies, and for the workforce to embrace new skills and new careers,” says Philip Yuen, CEO, Deloitte Southeast Asia and Singapore. “The flagship Future of Work CoE will navigate through these challenges and develop solutions in the areas of workforce planning, talent acquisition, and automation tools.
“Just as importantly, it will position Singapore as a global hub, and Deloitte as a global leader, in addressing the opportunities and challenges related to the future of work,” he said.
Over the next three years, the CoE will train and employ Singaporean workers in areas such as data science, UX, HR analytic, actuarial science, and natural language processing, among others.
“Skills shortages are a constant challenge across our workforce in almost every industry and geography,” explains Indranil Roy, Future of Work lead, Deloitte Southeast Asia. “To adapt to the future of work, businesses will need people with skills that include digital know-how, management capability, creativity, entrepreneurship, and complex problem solving. This, in turn, will drive job creation and economic growth for countries.”
With the Singaporean CoE as its flagship center, Deloitte plans to launch multiple centers in the US, UK, and Canada over the next few years.
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