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Singapore Pushes for Digital Literacy and Development Reform

Dr Mohamad Maliki Osman, Singapore’s Second Minister for Foreign Affairs and Education recently attended the G20 Development Ministers’ Meeting (DMM) and committed to doubling down on efforts to assist developing countries in accelerating progress, which was already off-track prior to the pandemic, towards achieving the Sustainable Development Goals (SDGs) by 2030.

In his remarks, Minister Maliki identified areas where the G20 could help developing countries achieve the SDGs, including the creation of a framework to provide capacity building to increase digital literacy, particularly among Micro, Small, and Medium Enterprises (MSMEs), as well as contributions to the effective reform of Multilateral Development Banks (MDBs) and International Financial Institutions (IFIs).

MSMEs frequently confront difficulties in embracing digital technology and reaping the benefits they provide. Their capacity to compete in the digital economy is hampered by this knowledge gap. Hence, MSMEs can develop the essential skills and knowledge to effectively employ digital tools and technology by establishing a framework for capacity building. It aids in bridging the digital divide, allowing smaller enterprises to engage and thrive in the digital age.

MSMEs may embrace modern technologies such as e-commerce, cloud computing, data analytics, and digital marketing with the help of digital literacy. MSMEs can improve their competitiveness, streamline their operations, enter new markets, and better understand client preferences by implementing these technologies. Also, the capacity-building framework assists MSMEs in developing the essential skills and knowledge to effectively embrace digital innovation.

Financial inclusion is closely related to digital literacy. By gaining comprehension of digital financial services, MSMEs can gain access to a greater variety of financial products, such as loans, insurance, and payment systems.

By making more people aware of how important digital literacy is and how it affects MSMEs, the framework can persuade these institutions to put digital capacity-building programmes at the top of their list and support initiatives that are linked to this.

The framework can provide training on financial technology (fintech) and digital payment platforms, enabling MSMEs to effectively navigate the digital financial ecosystem. This increased access to capital facilitates the development and resilience of businesses.

The framework can facilitate the sharing of knowledge and collaboration among MDBs, IFIs, and other stakeholders involved in digital literacy initiatives.

The framework can facilitate the sharing of best practices, lessons learned, and innovative approaches to digital capacity building by bringing together experts, practitioners, and policymakers. Utilising collective expertise and resources, this collaboration contributes to the successful reform of MDBs and IFIs.

The framework for capacity-building can advocate for the incorporation of digital components into existing programmes and initiatives backed by MDBs and IFIs. This integration ensures that digital literacy and skill development are incorporated into a variety of development initiatives, such as entrepreneurial support, vocational training, and economic empowerment programmes. It improves the efficiency and significance of these initiatives in the digital age.

Minister Maliki emphasised further that a multifaceted strategy and prompt global action are required to assist developing nations in mitigating the effects of climate change.

Additionally, during his meeting with the Indian External Affairs Minister, Dr S Jaishankar, Minister Maliki also delivered signed copies of the Framework Agreement on the Establishment of the International Solar Alliance (ISA) and Singapore’s Instrument of Ratification. The addition of Singapore to the ISA will enhance solar energy cooperation with India and other ISA members.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

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SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.