The Rise of AI and the Revamp of HR

Artificial Intelligence (AI) is fast becoming a mainstream element of business, a trend that is clearly visible in the APAC markets. While the larger Asian economies like India and China have the privilege of humungous data, Singapore and Australia have a clear roadmap for leveraging their strong R&D capabilities for AI advancement. The applications of AI differ by demographics, ranging from financial services to logistics to healthcare and more recently, talent management. Singapore is turning to AI to future-proof its economy against its core challenges- an ageing population and human-resource constrained economy. The wide presence of knowledge-intensive industries is compelling the government to explore automation and AI-led avenues to manage talent better.