Digital skills will continue to be a lynchpin of creating a future-ready economy. The Budget emphasised enhancing the digital connectivity of the nation, promising sustained investments in support of large-scale automation solutions, industrial robotics and accelerated pathways for productivity, efficiency and innovation. Only by raising digitally skilled professionals can companies and governments leverage the full potential.
In this respect, the new job matching initiative by NTUC is a step in the right direction. Training local talent from alternative and new sources, including retirees, part-timers and SMEs, can help build a supply for the Singapore digital workforce. Hence, companies, both MNCs and SMEs, should seize the day and tap into such programmes to co-innovate and co-develop solutions to raise production capabilities and meet global demands.
At Rolls-Royce, we continue making inroads for digital approaches, harnessing the fusion of the physical and digital, transforming products, services and operations. We are taking the next step in collaborating with the start-ups and tech ecosystem to drive innovation and accelerate value delivery for the industry—while sharing new digital skills and business opportunities in the process.
Digitalisation has the power to link companies of all sizes together, extending from the customers to operations. For customers, data-led digital platforms can integrate different data sets to provide enhanced insights and improve operational effectiveness. A recent example is Yocova, which is a new data exchange and collaboration platform for the aviation sector. It empowers major airlines with an online space for open, secure data sharing and insights, while offering an exchange through which ecosystem partners can access or sell data-driven assets and software applications.
At our Seletar operational facilities, we have been using digital twinning to enhance productivity and efficiency of our manufacturing processes and methods. By investing in digital solutions, we are able to significantly reduce the production lead-time, improve yield and quality and increase employee motivation. This subsequently led to partnering with an SME to develop a robotic and automation solution for a critical manufacturing process, a solution not readily available in the market. The Budget will allow more of such opportunities and successes across many industries, bridging skills and capabilities for industrial applications.