The Infocomm Development Authority (IDA) has found that by 2017 another 15,000 specialists maybe required, as fields such as cyber security, data analytics and application development seek out more workers.
Consequently, Singapore could find itself short by nearly 30,000 IT professionals, as small and medium-sized enterprises are already struggling to find these specialists.
Indeed, Paddy Tan, Chief Executive of the mobile development firm BST Consulting, was quoted in The Straits Times as saying “fresh graduates can pick and choose because there is a shortage of such people”.
Moreover, he said the crunch will only get worse as companies like Google push for a hiring drive to recruit software engineers.
However, the IDA is attempting to battle the crunch.
In particular, the IDA’s assistant chief executive Khoong Hock Yun said the IDA will work with companies so they have more opportunities to accept an increased amount of polytechnic graduates.
Additionally, in recent years there has been some action to address this challenge including launching some full-time diploma and degree programmes in business analytics.
“"The IDA is ramping up its programmes to focus on these key growth areas, by training fresh and mid-career industry professionals to help them acquire the skill sets," he said.
However, Tan from the BST acknowledged that it will take three or four years for students to graduate so training students now will not do much good for the short term.
Moreover, The Straits Times reported that if Singaporeans want to increase their skills they can tap the SkillsFuture scheme.
Singapore ‘crying out’ for more technical specialists