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AI and Automation: What Does It Mean for You and Your Business in Singapore?

Artificial intelligence (AI) has been a hot topic for years and with the rise of AI tools such as ChatGPT, there is so much talk about the impact and potential impact the technology has on businesses and the economy.

Together with the Singapore International Chamber of Commerce (SICC), Newcastle Australia co-hosted a breakfast talk at Tower Club on 8 March 2023, which was also the International Women’s Day. Dr Karen Blackmore, Deputy Head of School – Industry Engagement, School of Information and Physical Sciences, University of Newcastle, Australia, shed insights on the potential benefits and impact of artificial intelligence and automation on businesses.

During her presentation, Karen highlighted the importance of increasing the number of women in the field of technology, stating that they bring a unique perspective and are passionate about problem-solving. She also stressed the significance of modifying education systems to prepare for the changes that AI and automation will bring. Although she acknowledged that AI and automation will create new jobs, she also noted that some existing roles will be replaced. Therefore, it is necessary to develop ethical leadership and frameworks to build trust in AI.

Approximately 40 participants attended the event, including representatives from the IT and education industries. Following Karen’s talk, an engaging discussion moderated by Mr. Victor Mills, the Chief Executive of SICC, took place.

One of the highlights of the event was the introduction of our Master of Information Technology. In conjunction with International Women’s Day, Karen also announced the “WinIT Study Grant” to promote gender diversity and inclusion in the field of Information Technology. The objective of this grant is to increase the participation of women in the IT field, provide financial support to deserving female students, encourage gender diversity in the IT sector and to affirm Newcastle Australia’s commitment towards to diversity and inclusion.

The latest data from the Infocomm Media Development Authority (IMDA) of Singapore shows that women make up only about 30% of the IT workforce in Singapore, and similar disparities exist globally. The “WinIT Study Grant” aims to address this disparity by providing a 70% study grant to female students who apply to the May 2023 Intake of the Master of Information Technology program.

For more information on the Master of Information Technology, visit https://newcastleaustralia.edu.sg/our-programs/master-of-information-technology/ or contact our Education Consultants at singapore-enquiry@newcastle.edu.au