NRF Singapore to set up Data Science Consortium and launch national AI programme with S$150 million investment over 5 years

During the ongoing Smart Nation Innovation Week, Minister Dr. Yaacob Ibrahim announced two new initiatives by the National Research Foundation (NRF) Singapore as part of the key thrust area of investing in frontier technologies to develop Singapore's digital economy. NRF will be setting up a Singapore Data Science Consortium (SDSC), in collaboration with the National University Singapore (NUS), the Nanyang Technological University (NTU)1, the Singapore Management University (SMU) and the Agency for Science, Technology and Research (A*STAR). This partnership between government and academia is expected to deepen Singapore's existing strengths in data science and analytics. It will facilitate collaboration between Institutes of Higher Learning (IHLs), research institutes and industry in data science R&D, with the aim of facilitating industry adoption of the latest cutting-edge data science and analytics technologies to address real-world challenges. The Consortium will work in partnership with the Economic Development Board (EDB) and the Infocomm Media Development Authority (IMDA) to engage companies in six sectors: finance; healthcare; customer and retail; manufacturing; logistics; and transport.