Conversations On AI App Development CRM Enterprise IT Ethics & Governance Futures HR Industries ServiceNow on ServiceNow Platform Foundations Products & Solutions All topics For Leaders In IT & Dev Customer Experience Finance, Operations & Strategy Employee Experience Security & Risk News & Events People & Culture My List Explore All
September 5, 2024 3 min How generative AI can replenish Singapore’s most precious asset: time AI Research
Wee Luen Chia
Wee Luen Chia Managing Director, ServiceNow Asia
Woman looking off in the distance while working on a tablet

Singaporean knowledge workers could save up to 4.9 hours per week between now and 2028 by applying generative AI (GenAI) to their jobs, according to the Impact AI: 2024 Workforce Skills Forecast by ServiceNow and Pearson.

 

The research focuses on specific tech roles—such as software engineer, developer, and technical consultantbut the results hint at how GenAI could help save time across a broad range of jobs.

 

For local business leaders, those extra hours represent significant productivity increases that could help them reach sustain ambitious levels of growth. For employees, the time savings open opportunities for professional and personal development.

 

GenAI refocuses human effort


GenAI shines on repetitive tasks involving big volumes of data, such as staying up to date on technical developments and obtaining project-related information on a regular basis. As a result, Singapore’s workers could spend less time on administrative work and more time on more fulfilling tasks.

 

Among the traditional tech roles our research examined, GenAI’s time-saving impact was greatest among jobs that involve large amounts of documentation, communication, and analysis, including:
 

The time savings enabled by GenAI were even more pronounced for newer and emerging tech roles. The research suggests Singapore’s AI systems engineers could save nearly six hours per week by using GenAI. Those in the least affected roleAI research scientistsstood to save 2.1 hours per week.

Singaporean knowledge workers could save up to 4.9 hours per week between now and 2028 by applying generative AI to their jobs. ServiceNow and Pearson 2024 Impact AI: Workforce Skills Forecast

Reinvesting into skills portfolios


Employees and employers can also benefit from diverting at least some of their regained time into developing new skills that prepare them for the future. But which ones?

 

Industry-specific skills are a good place to start. Our research found that in the next five years, Singapore will experience the greatest job growth in telecommunications, media, and technology; financial services; and healthcare. We forecast all three industries will boost hiring for tech roles such as app developer and information systems manager.

 

To add value in those roles, however, employees need skills that go beyond technology. These include business strategy, process management, and collaboration specific to the industries they work in.

 

At an organizational level, Singapore’s business leaders can reinvest time savings from GenAI into helping their people build skills portfolios that match the needs of their industries. Individual employees can also strengthen their career prospects by developing tech skills that help them understand and solve industry challenges.

 

The ideal skills portfolio will include a mix of digital skills (with some emphasis on AI), technical industry knowledge, and soft skills, such as communication and critical thinking.

In the next five years, Singapore will experience the greatest job growth in telecommunications, media, and technology; financial services; and healthcare. ServiceNow and Pearson 2024 Impact AI: Workforce Skills Forecast

Putting AI to work


T
o make sure time spent on new skills isn’t wasted, business leaders can use data and AI to map and develop skills for everyone’s benefit. Employees often have skills that are hidden or not fully tapped. Their goals and interests may be known to managers and peers but are rarely stored in systems of record.

 

Singaporean enterprises need a platform that can incentivize employees to share their skills and aspirations. Managers can then use AI to map those skills and aspirations to organizational demand. They can also use GenAI, trained on the wealth of industry knowledge stored in the organization’s data, to tutor people in the new skills they want to acquire.

 

The technology to do this is already available in the ServiceNow platform. However, AI alone can’t motivate workers to acquire new skills. Singaporean enterprises must show their people that skilling creates real career opportunities, such as secondments, stretch assignments, and internal mobility. This will require a mindset shift for many industries.

 

Perhaps most importantly, Singaporean leaders must recognize that time saved by GenAI need not be allocated to more work.

 

Pursuits such as building deeper relationships and learning new skills may not create immediate business value, but they can make people feel more fulfilled and, as a result, more productive. Time saved by GenAI is perhaps best spent on being more human, both at work and beyond.

 

Find out how ServiceNow helps organizations harness the power of AI to improve employee satisfaction.

Next up
Dive into more conversations AI App Development CRM Enterprise IT Ethics & Governance Human Resources Industries ServiceNow on ServiceNow Platform Foundations Products & Solutions All Topics
Stay in the know Join Us
stay in know image
Alt