Surge in Professional Course Enrolments As Singaporeans Turn to Future-Proof Skills Amid Economic DownturnMore Than 15,000 Alumni Equipped with In-Demand Digital SkillsGovernment Subsidies, Flexible Learning and Rising Industry Demand Drive Surge

SINGAPORE, Oct. 14, 2024 /PRNewswire/ — Vertical Institute, a leading education provider, is pleased to announce the launch of a new Generative AI (Artificial Intelligence) course, to cater to rising demand for professional development courses in the digital sector.

Over the last 9 months, the institute recorded an increase in enrolments across its professional development courses. A key factor driving this surge is government support for upskilling initiatives. When polled, 71.67% of Vertical Institute’s students stated that affordability and government subsidies were the main factors for course enrolment. Other factors include Job Placement Assistance (JPA) at 63.33% and course flexibility at 60%. Vertical Institute has responded to these needs by working with various government agencies to offer mainly government-subsidised courses, with a high level of flexibility – making it easier for professionals to acquire in-demand skills. The institute also has a JPA (Job Placement Assistance) programme, connecting graduates with employers to help provide a seamless transition into their new careers.

AI Skills – Key to Career Growth in a Changing Job Market

The rapid rise of AI technologies has generated abundant opportunities, particularly in Generative AI. AI plays a crucial role across industries like finance, healthcare, and retail, where it is used to improve automation, enhance data-driven decision-making, and develop personalised customer experiences. Generative AI is employed in creating realistic content, optimising supply chains, and boosting cybersecurity by detecting anomalies in real-time.

Singapore’s government is actively supporting AI adoption through initiatives like the National AI Strategy 2.0, which focuses on empowering SMEs and building robust AI capabilities to ensure businesses can harness the potential of AI effectively[1]. In Singapore, around 53% of companies have deployed AI solutions as of 2024[2]. 

“AI technologies are transforming every sector, and it’s essential that professionals acquire the hands-on skills to navigate this change. Our Generative AI course provides industry-relevant training,” says Dr Peter Finn, Instructor at Vertical Institute, Co-Founder and CEO @ Synectify. “The course focuses on practical applications, allowing students to tackle the most pressing challenges with AI solutions that drive efficiency and that empower innovation in today’s tech-forward world.” 

According to Payscale[3], AI professionals in Singapore earn an average of S$90,000 annually, making it one of the most lucrative career paths for those seeking job security and advancement.

Flexible Learning Tailored for Busy Professionals

Vertical Institute stands out for its industry-led training, offering personalised feedback and support through 1-on-1 consultations with students. This model ensures that graduates are well-prepared to manage AI challenges for themselves and their organisations. The institute’s online, flexible learning environment allows working professionals to upskill while balancing their current job responsibilities. With practical, hands-on training from industry-expert instructors, Vertical Institute continues to empower professionals to transition seamlessly into cybersecurity roles.

Student Success: More Than 15,000 Alumni Equipped with Future-Ready Skills To Date

Vertical Institute is committed to preparing individuals for the jobs of tomorrow by offering market-centric courses that are not only affordable but also relevant to Singapore’s growing digital economy. The institute’s online campus offers unparalleled flexibility, allowing students to balance their learning with professional commitments. With a 4.9-star Google rating and over 15,000 alumni, many of whom have successfully transitioned into new roles, Vertical Institute continues to equip learners with in-demand skills like generative AI, cybersecurity, data science, and blockchain.

For more information, visit www.verticalinstitute.com.

[1] https://opengovasia.com/2024/08/31/singapores-ai-push-driving-innovation-and-growth/
[2] https://www.digital-adoption.com/ai-adoption-statistics
[3] https://www.payscale.com/research/SG/Skill=Artificial_Intelligence_(AI)/Salary

For details of Vertical Institutes poll data, refer to Appendix A.
For information on Vertical Institute’s new Generative AI courses, refer to Appendix B.
For spokesperson biography, refer to Appendix C.

For Vertical Institute’s instructors, please visit: www.verticalinstitute.com/about-us/
Download high-resolution images and full Press Release here.

Website: www.verticalinstitute.com/generative-ai-course
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LinkedIn: www.linkedin.com/school/verticalinstitute
TikTok: www.tiktok.com/@verticalinstitute

About Vertical Institute

Vertical Institute prepares individuals for the jobs of tomorrow. We specialise in teaching in-demand skills, building the next generation of changemakers and inventors through our world-class in-demand tech courses and certifications.

Vertical Institute is accredited as an Approved Training Provider (ATO) by SkillsFuture Singapore (SSG) and The Institute of Banking & Finance Singapore (IBF). All our courses are government-subsidised, eligible for SkillsFuture Credits usage, and NTUC UTAP Funding.

Issued for and on behalf of Vertical Institute by Affluence PR Pte Ltd.

APPENDIX A

VERTICAL INSTITUTE POLL DATA

APPENDIX B

VERTICAL INSTITUTE’S NEW GENERATIVE AI COURSE

Vertical Institute’s Generative AI Course equips professionals with in-demand AI skills designed to boost productivity and efficiency across industries. Spanning 21 hours (7 Days and 3 hours per day), this comprehensive program covers the full spectrum of AI applications, from basic to advanced techniques in ChatGPT and prompt engineering. Key modules include beginner, intermediate, and advanced ChatGPT techniques, automation strategies, and integrating the OpenAI API. Additionally, the course places strong emphasis on security, ethics, and responsible AI use, ensuring learners are well-versed in the ethical considerations of AI adoption.

Participants will gain hands-on experience to apply AI-driven solutions in their current roles, making this course essential for anyone looking to future-proof their career in Singapore’s evolving digital landscape. By addressing key pain points like automation and workflow efficiency, this course empowers professionals to stay competitive and navigate the fast-growing demand for AI skills.

For full course information, refer to www.verticalinstitute.com/generative-ai-course.

APPENDIX C

SPOKESPERSON’S BIOGRAPHY

Mr Peter Finn, Instructor at Vertical Institute, Co-Founder and CEO @ Synectify

Dr. Peter Finn is a highly accomplished technologist, educator, and entrepreneur with over thirty years of experience in systems engineering, including generative AI, distributed systems, security software, and grid computing. As the CEO and Co-founder of Synectify, a Singapore-based leader in distributed carbon-neutral computing, Dr. Finn drives innovation that transforms both industry and society by developing solutions at the intersection of AI, machine learning, and sustainable technology.

Dr. Finn is not just a technology innovator, but an accomplished scholar who holds a PhD from the National University of Singapore. He has a passionate commitment to giving back and sharing his expertise to advance lifelong learning. He is also a regular speaker and panelist on cutting-edge topics ranging from blockchain and AI to impact-driven technology.

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SOURCE Vertical Institute

SINGAPORE and NEW YORK, Oct. 14, 2024 /PRNewswire/ — Pollo AI, a cutting-edge AI video generator, is officially launching to empower users to generate captivating and enjoyable AI videos effortlessly. Developed by HIX.AI, an all-in-one AI solution provider, Pollo AI is set to revolutionize video creation with its intuitive platform that transforms text and images into stunning high-quality videos.

“We are excited to unveil Pollo AI to the world,” said Camille Sawyer, CEO of HIX.AI. “Our mission is to democratize video creation, allowing anyone to express their creativity without barriers. With Pollo AI, we’re not just providing a tool; we’re making the AI video creation power accessible to anyone.”

Pollo AI harnesses the power of advanced AI technology to enable users to create engaging videos. It offers a text-to-video generator and an image-to-video creator. Whether users are looking to visualize a creative idea or breathe life into static images, Pollo AI streamlines the process, making it accessible for both beginners and seasoned creators.

Pollo AI delivers videos that combine quality and innovation, ensuring every output meets high standards. The platform guarantees that users can produce visually stunning content. Moreover, it’s designed for speed, significantly reducing the time required to create high-quality videos. Users can expect quick turnaround times, making it ideal for fast-paced projects.

Pollo AI’s intuitive design makes video creation easy and straightforward. This accessibility encourages users of all backgrounds to explore their creativity. Also the videos generated can be utilized for various commercial purposes, including advertisements and promotional content. Pollo AI supports users in leveraging their creations for business success.

Sawyer added, “In today’s fast-paced digital landscape, the ability to produce high-quality video content quickly is essential. Pollo AI not only meets this demand but also enhances the creative process by making it fun and intuitive. We want to inspire creators, businesses, and educators to harness the power of video as a medium for connection and expression.”

Pollo AI has a free plan available, enabling users to explore its robust features without any initial investment. For those seeking advanced, unlimited video creation, there are also upgrade options catering to a diverse range of video generation needs.

With the launch of Pollo AI, HIX.AI continues to lead the charge in AI-driven solutions that enhance creativity and productivity across various industries.

To learn more about Pollo AI and start creating your own videos today, visit https://pollo.ai/.

MEDIA CONTACT
Camille Sawyer
CEO, HIX.AI
support@pollo.ai

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SOURCE HIX.AI

NEW YORK, Oct. 14, 2024 /PRNewswire/ — Report with the AI impact on market trends- The global video management software market  size is estimated to grow by USD 14.01 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 24.89%  during the forecast period. Increasing need for security across globe is driving market growth, with a trend towards emergence of smart cities. However, high initial license cost of vms  poses a challenge. Key market players include Aeronautics Ltd., AxxonSoft, Cathexis (Pty) Ltd, Digital Watchdog, Genetec Inc., Honeywell International Inc., Identiv Inc., Infinova Group, Johnson Controls International Plc., Milestone systems AS, Mindtree Ltd., Motorola Solutions Inc., Qognify Ltd., Robert Bosch GmbH, Salient Systems Corp., Schneider Electric SE, Teledyne Technologies Inc., Verint Systems Inc., Vicon Industries Inc., and VIVOTEK Inc..

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Key Market Trends Fueling Growth

The Video Management Software market is a significant business sector, providing solutions for organizations to effectively manage and distribute video content. These tools enable companies to store, organize, and deliver videos to various platforms, enhancing communication and engagement with customers and employees. The software offers features like video hosting, encoding, transcoding, and analytics, contributing to improved productivity and marketing strategies. Companies across industries are increasingly adopting Video Management Software to streamline their video content operations. 

The Video Management Software (VMS) market is experiencing significant growth due to increasing demand from various sectors, including security agencies and authorities, retail environments, and large corporations. With the rise of terror attacks and cross-border activities, surveillance technologies have become essential for ensuring public safety. CCTV cameras and security cameras are being installed in public places, airports, ATMs, banks, residential buildings, religious places, and other critical infrastructure. Security agencies and authorities require advanced VMS solutions for effective video surveillance and facility protection. The VMS industry offers professional and managed services, as well as cloud deployment options, to cater to the needs of SMEs and large corporations. VMS solutions are also being integrated with AI security systems and AI analytics for enhanced security and threat detection. Video content duplication is a major concern for the VMS industry, and video management distributors are addressing this issue by providing secure solutions. The VMS market also caters to the needs of smart city projects and hospitality businesses. Milestone Systems is a leading player in the VMS industry, offering both cloud-based and on-premise solutions. National security is a priority, and VMS solutions are being used to protect critical infrastructure from cyber assaults and WAN vulnerabilities. VAST Security Station and VSS Lite, Standard, and Professional are popular VMS solutions in the market. 

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Market Challenges

The Video Management Software market is a significant business sector, enabling organizations to efficiently manage and distribute video content. This software facilitates uploading, editing, storing, and streaming videos. It offers features like metadata tagging, access control, and analytics for effective content management. Companies across various industries use it for training, marketing, and internal communication purposes. The software’s ease of use and scalability make it an essential tool for businesses aiming to leverage video content in their operations.The Video Management Software (VMS) market faces unique challenges in various sectors, including residential buildings, religious places, and video surveillance for facility protection. Cross-border activities bring additional complexities due to legal and regulatory differences. VMS providers like VAST Security Station offer AI security systems to enhance security, with offerings like VSS Lite, Standard, and Professional catering to different needs. AI analytics, Milestone Systems, and cloud-based or on-premise solutions are key considerations. National security and public safety demand advanced features like computer vision, video analytics, and facial recognition. Threats such as terrorist attacks, global outbreaks, and mass robbery necessitate data security and protection. Semiconductor chips, IP cameras, DVRs, and copper, aluminum, nickel, and platinum components are essential hardware components. Cloud deployment models and analog technology coexist, requiring versatile solutions. VMS must address terrorism, illegal immigration, and digital forensics, ensuring data security and protection.

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Segment Overview 

This video management software market report extensively covers market segmentation by

End-user 1.1 Public1.2 Commercial1.3 ResidentialGeography 2.1 APAC2.2 North America2.3 Europe2.4 South America2.5 Middle East and Africa

1.1 Public-  The Video Management Software market is a significant business sector, enabling organizations to effectively store, manage, and distribute video content. This software streamlines processes, enhances collaboration, and boosts productivity. Companies use it for various applications, including training, marketing, and customer support. Market leaders offer features such as video hosting, transcoding, and analytics, making video management an essential tool for modern businesses.

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Research Analysis

The Video Management Software (VMS) market has gained significant traction in recent years due to the increasing demand for advanced security solutions. With the rise of terror attacks, global outbreaks, and cross-border activities, the need for effective video surveillance has become more critical than ever. Security agencies and authorities rely on VMS to monitor and protect physical and capital assets, while the public seeks peace of mind and safety. VMS solutions enable the management and analysis of footage from CCTV cameras and other surveillance technologies. They offer various features such as AI security systems, facial recognition, and video analytics to enhance security and improve response times. VMS is essential for facility protection, particularly in high-risk environments, and can be used to monitor public spaces, transportation hubs, and critical infrastructure. VMS solutions come in different tiers, including VSS Lite, VSS Standard, and VSS Professional, catering to various budgets and requirements. VMS is a powerful tool in the fight against crime and terrorism, and its importance will only continue to grow in the future.

Market Research Overview

The Video Management Software (VMS) market is a critical component of modern security infrastructure, serving the needs of various sectors including security agencies, authorities, and citizens. With the increasing threat of terror attacks and cyber assaults, the demand for advanced surveillance technologies and VMS solutions has grown. CCTV cameras, security cameras, and IP cameras are being installed in retail environments, smart city projects, hospitality businesses, airports, ATMs, banks, residential buildings, religious places, and more. VMS software enables the management, storage, and analysis of video content from these cameras. The VMS industry caters to large corporations, SMEs, and infrastructure projects, offering professional and managed services, cloud deployment, and on-premise solutions. AI security systems, AI analytics, and facial recognition are becoming increasingly popular features. The VMS market is also impacted by infrastructure needs, such as WANs, semiconductor chips, and copper, aluminum, nickel, and platinum for manufacturing cameras. The market is further influenced by global events like terrorist attacks, mass robberies, and illegal immigration. Digital forensics and data security & protection are essential aspects of the VMS market, ensuring the integrity of surveillance videos and preventing unauthorized video content duplication. The VMS market continues to evolve, with advancements in computer vision, video analytics, and behavioral analytics.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userPublicCommercialResidentialGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

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Media & Marketing Executive
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Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio