TIBCO Software SVP EMEA & APJ Erich Gerber and Singapore Management University (SMU) Dean of School of Information Systems Professor Pang Hwee Hwa discuss the talent shortage in digital vocational training and how corporates and the education sector are working together to bridge the gap.
TIBCO and SMU School of Information Systems sign a Memorandum of Understanding (MOU) to foster a deeper collaboration and commitment to equip students with real-world data analytics skills. Both parties have pledged to conduct workshops, masterclasses, and seminars, as well as other practice-based training in technological skills, empowering students and professionals to further their education and thrive in a digital economy.
According to TIBCO Senior Vice President Erich Gerber, organisations around the globe are transforming their business models to be digitalised in order to remain competitive and align with critical programs, such as Singapore’s leading Smart Nation initiatives.
“On this transformational journey, technology is only one essential ingredient. The other is the talent and the know-how needed to support it. We see TIBCO’s collaboration with SMU as crucial in addressing this digital skills gap. Augmenting students’ capabilities and skill sets with a combination of leading intelligent connected solutions will be a powerful contribution to the developing digital ecosystem of the nation,” says Gerber.
According to SMU Professor Pang Hwee Hwa, TIBCO and SMU plan to train up to 500 students on the Digital Business Solutioning track under the Bachelor of Science (Information Systems) degree programme; with hands-on opportunities, students will deepen their knowledge of advanced data analytics using selected TIBCO capabilities, including data analytics, real-time analytics, data science, data virtualization, and API management.
“With the rapid growth of the digital economy and the ongoing efforts to transform Singapore through technology, there is strong demand in the public and private sectors for graduates with sound knowledge and training in analytics. Collaborations with industry and technology providers, such as TIBCO, and integrating academic learning with real-world practice are part of our overall efforts to nurture future-ready graduates. We believe this programme will further strengthen our high-quality education for our students and provide them with the crucial digital skills needed in today’s business environment,” says Prof. Hwa.
Gerber claims TIBCO is also developing relationships with other polytechnic institutes and universities across Asia, equipping students with relevant skill sets to cater to the growing demand for data analysts in the region.
According to Gerber, the decision to forge strategic partnerships between industry and education sectors’ are timely for both businesses and students.
“As organisations and the industry become more data-driven, the need for the right skillsets is crucial to ensure businesses are able to keep up with the right innovations and insights to remain relevant and competitive. Failing to engage in digital vocational training could keep industries moored to traditional trial and error methods. In today’s digital landscape, data experimentation is required to find new paths to make revenue. For the industry, missing the opportunity to capitalize on insightful data and taking a digital approach means companies could struggle to thrive and even survive. By partnering with tertiary institutions, we are providing an avenue for students and the next generation to be equipped with the right data analytics skills and tools to be employable and ultimately contribute to the growth of the organisation where they choose to work,” says Gerber.
Gerber says TIBCO has partnered with numerous educational institutions in the region and notes that organisations that apply analytics to strategic business goals and are clearly aligned with business outcomes are more likely to be successful.
Prof. Hwa says collaboration with the industry augment SMU’s overall efforts in nurturing future-ready graduates.
“From final-year projects and industry attachments, to being equipped with crucial digital skills, our students have significantly benefitted from our close partnerships with industry partners. This has enabled them to apply their classroom knowledge to real-world problems, gain valuable experience, and obtain a better understanding of the demands and opportunities in the different industries, thereby preparing them to go on and create impact for these industries and the economy,” says Pro. Hwa.
(Ed. Featured image of TIBCO SVP Erich Gerber and SMU Dean of School of Information Systems Professor Pang Hwee Hwa at Singapore Management University, November 2019; provided courtesy of TIBCO.)